HomeMy WebLinkAboutMinutes - AC - 07/21/2015 ., Town of
Cohasset
Massachusetts
MEETING MINUTES
Town of Cohasset
Advisory Committee
TIME: July 21, 2015
7:17 pm
PLACE: Cohasset Town Hall, BOS Room
ATTENDEES:
Advisory Committee Presenters
• Peter Pescatore, Chair Mary Gallagher
• Tanya Bodell
• John Chapman Town Manager
• Richard Fitzpatrick Present
• Leland Jenkins
Selectmen
• Karen Quigley
1. Call to order: The meeting was called to order at 7:17 pm by Peter Pescatore, Chair of the
Advisory Committee.
2. Preliminary FY15 Year-end Financials
Prior to the meeting Peter distributed preliminary FY 15 year-end financials from Mary
Gallagher. This document was reviewed and discussed.
On the town-side it appears there will be a surplus of$1.35 million, nearly $1 million of
which is on the revenue side.
Sewer and water enterprise funds will also have surpluses of approximately $276,000 and
$380,000 respectively. The sewer fund surplus is due in roughly equal parts to revenue and
expense, while for the water it is largely due to revenue.
Advisory Committee Meeting Minutes f. Town of
July 21, 2015 = Cohasset
Page 2 Massachusetts
3. Line item transfers
Chris and Mary presented a request for the following line item transfers:
Transfer from:
Selectmen-Expenses 2,985.00
Other General Gov't-Hingham Water 11,000.00
Police-Expenses 17,781.00
DPW-Personal Services 29,000.00
Transfer Station-Personal Services 13,900.00
Facilities-Expenses 21,100.00
County Pension 20,098.22
Total 115,864.22
Transfer to:
Finance-Personal Services 61.00
Finance-Expenses 2,846.00
Treasurer/Collector-Personal Services 751.00
Town Counsel-Legal Services 32,946.00
Street Lighting 4,825.00
Transfer Station-Expenses 1,831.00
Facilities-Personal Services 4,902.00
Veterans Services-Personal Services 60.00
Library-Personal Services 1,664.00
Recreation-Personal Services 54.00
Medicare Tax 24,726.00
Snow & Ice Removal 41,198.22
Total 115,864.22
Tanya Bodell moved approve the requested transfer; Rich Fitzpatrick seconded; the motion
was approved 5-0
4. Reserve Fund Transfer Request- Snow and Ice
The Town Manager requested a transfer of$189,204.90 from the reserve fund to the snow
and ice removal line item. In conjunction with the line item transfer just approved and grant
money recently approved by FEMA, the deficit from last winter's snow and ice removal will
be paid off.
Advisory Committee
Meeting Minutes Town of
April 8, 2015 Cohasset
Page 3 :; Massachusetts
Peter expressed the opinion and wants it noted for the record that this is not how the reserve
fund should be used because there were/are alternative mechanisms, e.g., waiting for Special
Town Meeting. Balance of opinion of the committee was agreement that the reserve fund is
for emergencies and should not generally be used when alternatives are available,but that
this case is not a problem since the result will be the same in the end and moving now will
enhance chances of AAA rating.
Lee Jenkins moved to approve the request; John Chapman seconded; the motion was
approved 5-0.
5. Adjournment
Lee Jenkins moved to adjourn; Rich Kirkpatrick seconded; the motion was approved 5-0.
Respectfully submitted,
John Chapman, Secretary
Advisory Committee