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HomeMy WebLinkAboutFin Comm Minutes 2/3/2005Town of Mansfield Finance Committee February 3, 2005 Presiding: Andres Gazzolo Present: Jess Aptowitz, Jack Goldberg, Charlene Lavin, Jim Lazzara, Michael Sams Chairman Gazzolo called the meeting to order at 7:10 P.M. �i. Discussion was held regarding the governor's budget with the possibility of an additional 500,000 in revenue($297,000 of which would be chapter 70 money). This is based on a 5% income from the state and if the tax were higher we may be able to realize an additional $500,000. Committee agreed to send John D'Agostino a reminder about a time line for implementation of a combined town and MMED audit. Discussion was held regarding the wastewater capital depreciation account and the possibility of establishing an enterprise account. We decided to send the selectmen a letter asking for a presentation of a waste water facility and the financial impact of such. Mike and Charlene met with John Moretti on January 24, 2005. The feasibility impact for building a new building should be in by May. 80% of the entire town/municipal budget relates to salaries and benefits. We agreed unanimously to ask the selectmen to schedule an executive with FINCOM, selectmen, and school committee regarding the negotiation of all union contracts, goals etc.. On a motion that was duly made and seconded, it was Voted (6 -0): to accept the minutes of the January 27, 2005 meeting. On a motion that was duly made and seconded, it was Voted: to adjourn the meeting at 8:55 P.M.