Finance Committee Meeting Minutes 6/22/22 - 5pm

JOINT FINANCE COMMITTEE & SELECT BOARD MEETING MINUTES

Meeting Date:  6/22/22

Finance Committee Members Present:   Michele Miller, Chair, and Frank Abbott

Finance Committee Members Absent:  

Select Board Members Present: Justin Makuc, Chair and Susan Cooper

Others present: Hillel Maximon, Shawn Tryon

Also present remotely: Ellen Coburn, Kevin West, Don Coburn, Janet Jensen

Meeting opened at: 5:07pm due to technical difficulties

Joint Meeting with the Finance Committee

1. Review Financial Policies: Justin suggested to have everyone review the drafts provided tonight and come to the next meeting come to the next meeting prepared to discuss everyone’s proposed edits.  He would also like us to reassess the Financial Reserve Policy.  At the next meeting the two draft policy documents for the annual operating budget and purchasing will be discussed to see if anyone has any substantial edits they’d like to make.  The success of the budget process this last year contributed to how well the Select Board and Finance Committee worked together.  The next joint meeting will be on June 29^th at 5pm.
2. Review Capital Plan: This was generally discussed at the last joint meeting. Part of the process for reviewing and updating the plan is to begin speaking with the department heads about items that may not currently be listed on the capital plan.

A motion was made to adjourn the Finance Committee portion of the meeting at 5:41pm. The motion was seconded and approved 2 – 0.