HomeMy WebLinkAboutMinutes - AC - 09/16/2014 \G�4 r
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' ADVISORY COMMITTEE MEETING
THURSDAY SEPTEMBER 16, 2014, 7:00 PM
. 0HA55ET� SELECTMEN'S MEETING ROOM
Members Present: Peter Pescatore (Chair), George Chamillard, Rich Fitzpatrick, Lee
Jenkins,Nan Roth, Bob Benson, Lynda Mooney, John Chapman
Meeting called to order at 7:00
1. Water Commission: Leonora Jenkins, Rolf Gjesteby, and Mary Gallagher
FY'14 deficit of$30,000
Estimated budget deficit of$295,600 for FY'15 because an enterprise fund can't plan
for more revenue than prior year.
The plan to balance the budget includes:
$106,000 from the Town for unpaid Hydrant Fees for FY 14 & 15
$100,000 transfer from Stabilization
$54,000 Access fees from multi-unit customers with a single meter
$54,000 Increased Actual Revenue from Q1 FY15 over FY14
$31,000 Recovered deficit on Recap
$19,000 Unpaid Sewer Dept invoices
The second article is rate change.
2. Review of 2014 Free Cash
The DOR certified $922,000 in Free Cash.
The Chair noted that $600,000 was already appropriated at Town Meeting so the actual
Free Cash for FY'14 was $1,522,000 and this is the 3rd year in excess of$1 million.
STM will allocate the $922,000 into reserves, as yet undecided.
3. Special Town Meeting
There are 16 Articles including:
Unpaid bills, Free Cash (189,000 to OPEB from insurance savings, some in free cash),
pole easements, two planning articles (maintenance), eliminating the personnel
committee bylaw, two from the water commission, three citizens petitions, a capital
article to run hydrant line to Government Island, budget adjustments, and the CPC may
propose upgrading the Vets monuments Encourage tm to fund memorial maintenance
account.
4. Four Articles from Elder Affairs (Received less than 48 hours before the meeting)
1. Lease for new senior center 36 months (no numbers)
2. One time needs to outfit the new Senior Center (no numbers)
3. Adjust budgets that may be involved
4. Establish revolving accounts
Changes the draft memorandum of understanding, the chair will seek a copy of the final
Memorandum of Understanding.
S. Financial Trends for '15
Reports for July &August look to be in line with the budget.
6. Minutes from June 12
Motion to approve by George Chamillard, second by Lee Jenkins. Approved 6-0-2 (Nan
Roth &John Chapman abstaining)
7. Next meeting Thursday 9/25
8. Motion to adjourn by Lee Jenkins, Second by Bob Benson. Motion approved 8-0
Meeting adjourned at 8:15pm.
Respectfully Submitted,
Rich Fitzpatrick, Rotating Secretary