HomeMy WebLinkAboutFINCOM MIN02032011
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TOWN OF MANSFIELD TOWN ~Eg~k~E8FF'ICE
Finance Committee
Six Park Row, Mansfield, MA 02048 2011 FE825 A } 118
Room Committee Meeting Room, 3rd floor MANSFlE
Minutes for 3 February 2011 t1ASSACHUSt~TS
Attending:
Karl Chambers
Tom Ratliff
J ames Lazzara
Jack Goldberg
Charlene Lavin
Andres Gazzolo, Chairnlan
Meeting: opened meeting at 7:38 p,m,
Topics of Discussion:
FY12 Budget Review:
The Committee reviewed an updated model for the FY12 budget The Chairutan explained they
were meeting witlt the schools and Town Manager. Due to increases in health insurance and other
costs, the town currently has a loss in net available income from FY 11,
The Committee discussed increasing funding for tlte FY 12 snow and ice removal budget Mr.
Lazzara recommended formulating a five year analysis of actuals and budgeted,
Net School Spending:
Is a continued work in progress and will be discussing with the schools further,
Ambulance:
The ambulance purchase, previously forecasted for FY13 needs replacement in FY12 due to its
condition and tlte logistics concerning tlte diesel chassis being replaced by gas powered, On a go
forward basis, tlte ambulances shall be replaced every four years, beginning in FY15 (for ambulance
purchased in FYll) and FYl7 (for proposed ambulance purchase in FY12) for each of the two
ambulances, This will be discussed and voted during the Town Meeting in May,
Capital:
Mr, Goldberg reviewed the financials for the Electric dept which had a net cash flow from
operating activities in FY 1 0 of $2,8 million, down $1. 7 million from $4.5 million from FY09, There
was discussion concerning the FYll budgeted new substation in FYllfor $8 million, This project has
not yet started and is expected in FYI2,
Miscellaneous:
The Committee members voted Mr. Gazzolo unanimously 5-0 to confirm him as Chairman,
The Chairnlan recommended Mr. Lazzara for the position of Vice Chairman and Mr. Ratliff for the
position of Clerk The Committee voted unanimously 5-0 to confirm botlt appointments,
The Finance Committee Minutes for the January 20, 2011 and January 27,2011 were
approved,
.,.
Motion: to close meeting at 9:06 p,m,
Signature of Clerk
at; ~ &01/
Date of Approval
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