Finance Committee meeting minutes 2-14-23
Finance Committee meeting
Minutes of the meeting 2/14/23
Meeting Date: Tuesday February 14, 2023
Finance Committee Members present: Frank Abbot, Michele Miller, Ilene Marcus
Other individuals present: Micky Jervis, Cheryl Zellman, Judy Kaminstein, Rebecca, John, Shawn, Scott Jenssen
Other individuals present remotely: Scott Stible
Meeting opened at 3:58pm
Agenda items to be discussed:
AGENDA:
CONSIDER MINUTES AS AVAILABLE
The minutes will be reviewed at the next meeting.
FINAL REVIEW OF OPERATING BUDGET FOR JOINT MEETING
The Finance Committee discussed the DPW emails and Frank reported that he has been having difficulty gathering additional information from the DPW in order to complete a solid budget. Frank said that at this point it is up to the Select Board to decide how to proceed with the budget. Michele suggested that the Finance Committee come up with figures that they believe would be a fair budgetary estimate. Ilene read a list of questions she had to present as opening questions for DPW and the Finance Committee discussed additional questions to add to the list.
Michele recommended working through the budget line by line. The Finance Committee discussed the electricity rate in town and the discount that would apply in the event solar was installed. The Finance Committee will continue to work on looking into the electricity distribution suppliers.
The Library committee said that they would like to discuss the Library budget. Micky presented and discussed the budget request for the Library along with concerns regarding the initial salary requests and the removal of sick pay. The Library Board of Trustees requested that the Library director was paid a salaried position. Michele said that they will accept Micky’s request and will discuss this at the joint meeting with the Select Board.
Michele inquired about the Parks Department. Frank provided an update about modifications made to the Parks budget. The Finance Committee discussed concerns with follow through and being able to gather necessary information in order to complete their budget for the FY24 due to information requests not being met by departments. Frank suggested writing a letter about what the Finance Committee wants for the next year. Ilene offered to draft the letter.
CAPITAL LIST UPDATE AND ESTIMATED BUDGETARY IMPACT
Frank inquired about how to finance the Capital list, highlighting the different areas of funding available. Michele discussed the information that had already been sent to her. She asked about what to do with the records. Ilene suggested having a meeting about a budget proposal for the Town Hall. Michele asked if this will be introduced as an item that should go on the warrant.
CONSIDER FINANCING AND SETTING TARGETS FOR FUNDS
Next week the Finance Committee will discuss financing and setting targets for funds.
Documents used at the meeting
- Letter from the Library Board of Trustees
Michele made a motion to adjourn the meeting at 4:58pm
Frank seconded
Call a vote: Ilene- yes, Frank- yes, Michele- yes