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HomeMy WebLinkAboutFINCOM04042013 - w'l Town of Mansfield Finance Committee Minutes of April 4,2013 RECEIVED TOWN CLERKS OFFICE Present: Chairman Walter Wilk; Vice Chairman Steve Schoonveld; rititp2glerA,i loebers: James Bazinet, Michael O'Brien, Scott Feely and Yogen Chemburkar. MANSFIELD Call to Order: Chairman Wilk called the meeting to order at 7:45 p.m. MASSACHUSETTS Motion:To approve February 28, 2013 minutes (Christo/O'Brien);Approved Roll call vote: Christo aye O'Brien aye, Chemburkar aye; Schoonveld aye, Feely aye, Chairman Wilk aye, Bazinet abstains Motion:To approve March 2, 2013 minutes (Schoonveld/Christo); Approved Roll call vote: Christo aye, Bazinet aye, O'Brien aye, Chemburkar aye; Schoonveld aye, Feely aye, Chairman Wilk aye. Motion:To approve March 14, 2013 minutes (Schoonveld/O'Brien); Feely Abstain;Approved Roll call vote: Christo aye, Bazinet aye, O'Brien aye, Chemburkar aye; Schoonveld aye, Feely abstain, Chairman Wilk aye. Lengthy discussion on 3-5 year plan budget. Walter Wilk says money in circuit breaker accounts from schools get 60% reimbursement from State. Liz Christo feels schools delaying using their reserves. Schools have more wiggle room with money than the Town of Mansfield Committee discusses in length certain aspects of the budget. Liz Christo says we need to understand the rules of the schools. Liz says schools use more free cash. Schoonveld says a larger plug favors the schools and a smaller plug favors the Town. He would like to put the plug in to stabilization. Scott Feely feels we really need to put together policies. Steve Schoonveld says Bill Ross is happy with the S&P rating Page I 1 Finance Committee Meeting April 4,2013 -Walter Wilk thinks the presentation to the Board of Selectmen could be used partially at town meeting. Steve Schoonveld suggests we show graphs and bullet points. The Finance Committee should present first rand a paint picture for schools and town. Finance Committee feels strategic plan should be handed out at ne door to the residents. Three points to cover at Town Meeting are: 1. Budget process 2. Five year plan-understand that the future is a funnel. We want them to support our budget and support our zoning. 3. Revenue issues Scott Feely feels we really need to buckle down and make policies. Walter Wilk says bottom line expenses are higher than revenue. Walter also thinks Bill Ross and Brenda Hodges have worked hard on the budget. They have been very upfront. Everyone used flat FTE's. Liz Christo feels they need more confidence on the process. As a finance committee we adhere to one principle, where there is revenue we need to optimize. Talk about deliberation in length. • Steve we want town to know what the budget process is; free cash use; what is the purpose of the five year plan and what the challenges will be in the future? • Scott written policies and procedure • One budget; one town; one team theme of meeting • I trusted the process • Bullet points. School Budget hearing at 7pm April 23rd. Finance Committee will attend. 4•_ nut a Tz' n,f r;!:..' n a �t. air, _ Motion to Adjourn at 9:15pm (Feely/Schoonveld)Approved Roll call vote: Christo aye, Bazinet aye, O'Brien aye, Schoonveld aye, Feely aye, Chemburkar aye; Chairman Wilk aye. ro/z7J/3 Signatu of Clerk Date of prov Page I 2 Finance Committee Meeting April 4,2013