Finance Committee Meeting Minutes 5/27/2020

FINANCE COMMITTEE MEETING

MAY 27, 2020

MINUTES

ATTENDING MEMBERS:                      ALSO ATTENDING:                                                                  GEORGE CAIN, CHAIR                       KENN BASLER, CHAIR           MEMBERS OF THE PUBLIC 

JON SYLBERT                                  DON COBURN                     

            REBECCA WOLIN                           STEVE WEISZ                       

                                                                   MELISSA NOE                     

MEETING CALLED TO ORDER AT 10:00 AM VIA A REMOTE/VIDEO SYSTEM

George summarized the current status of the FY 2021 Recommended Budget in terms of the Select Board and Finance Committee agreement on all of the key elements with the only exceptions being the following items:

1. Free Cash.  After some discussion and a review of the Free Cash balances for the past two fiscal years (along with the current gap between the FY 2020 Budget vs. Actual spending through April 30, 2020), it was agreed to hold $25,000 in Free Cash going into FY 2021.
2. Ambulance Services.  Recognizing that the ambulance service has not provided the requested financials, the budget allocation was reduced from $9,885 to $5,000.
3. Fire Department Capital.  The $30,000 if Fire Department Capital was put on hold until November when the Select Board will have more information regarding the usage of those funds.
4. The proposal to hold the Fire Department Budget at the FY 2020 levels was approved based upon Kenn’s indication that the shift change plans and costs could be covered by Covid-19 funding.

As a result of the actions outlined above, the Select Board and the Finance Committee are now in complete agreement of the Recommended FY 2021 Budget. 

Minutes from the Finance Committee Meeting from May 19^th and 20th were reviewed and approved.

The meeting was adjourned at 10:53 AM.

Respectfully submitted,

George Cain, Chair.