HomeMy WebLinkAboutMinutes - AC - 11/03/2016 I.D
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MEETING MINUTES
Town of Cohasset
Advisory Committee
TI M E: November 3, 2016
7:02 pm—8:30 pm
PLACE: Cohasset Town Hall, BOS Room
ATTENDEES:
Advisory Committee Presenters
• Nan Roth, Chair Sam Wakeman
Tanya Bodell
John Chapman Town Manager
Leland .Jenkins Present
Helene Lieb
Lynda Mooney Selectmen
Richard Fitzpatrick Paul S
Kevin M
1. Call to order: The meeting was called to order at 7:02 pm by Nan Roth, Chair of the
Advisory Committee.
2. STM Warrant:Article 4—Stabilization Funds
The Committee discussed the $250,000 item for the SPED stabilization fund. Rich F stated his
opposition, arguing that there is no provision in the SPED stabilization policy that would justify it.
Helene L. and Tanya B. disagreed with that interpretation of the policy. Lee J. stated that we already
have stabilization funds which should be adequate. Lynda M.noted that by voting to establish the
SPED stabilization fund Spring TM disagreed that the other funds are sufficient.
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Helene moved to recommend approval of a transfer of 250k from free cash to the
SPED stabilization fund. John seconded. Approved 5-2
Tanya then moved to recommend approval of other three items of Article 4. Lynda
seconded. Approved 7-0.
3. STM Warrant:Article 6- Capital Improvements Budget
Sam Wakeman summarized the Capital Budget Committee's review of this article,
which they recommended be approved with a 4-0 vote. They found the phone
system to be a good choice that they think will serve the town well. The school
security items have been a `hot button' and they felt it's better to move ahead with
them now rather than wait until spring.
Tanya moved to recommend approval. Lee seconded. Approved 7-0
4. STM Warrant: Article 7- Supplemental Appropriations,Water Department Budget
Chris Senior informed the Committee that the cost of the Elms Meadow pump
station upgrade is expected to increase from $60,000 to $90,000. The sense of
the Committee was to defer further action until more information is available.
5. SPED Stabilization Fund Policy
The Committee reviewed the final version of the SPED stabilization fund policy that
was approved by BOS on Oct. 11. John C. moved that Advisory Committee approve
it. Helene L. seconded. Approved 7-0.
6. Stabilization and Reserve Fund Balances
The Committee reviewed the summary of all fund balances that Chris S. provided after the
last meeting. No action was taken.
7. Financial Forecast
In preparation for the upcoming development of the FY 2018 budget, the Committee
reviewed the 5-year forecast done last spring. Tanya B described work being done by the
long-range planning committee to develop a base of historical information that can support
better, more `bottoms-up'projections, particularly of revenue from new growth. Chris S
reported that revenue for the initial period of the new meals and hotel taxes was less than
Advisory Committee
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expected, but it's too early to know whether this is a sign of incomplete implementation or
something else.
8. Adjournment at 8:30 pm
Lynda M. moved to adjourn; Lee J. seconded; the motion was approved 7-0.
Respectfully submitted,
John Chapman
Advisory Committee