HomeMy WebLinkAboutFin Comm Minutes 4/1/2004/ Town of Mansfield
Finance Committee
April 1, 2004
Presiding: Andres Gazzolo
Present: James Lazzara, Jack Goldberg, Charlene Lavin, Michael Sams, David
McCarter and John D'Agostino Bea Kearney, Richard Boucher, Steve
MacCaffrie, Jesse Aptowitz
Chairman Gazzolo called the meeting to order at 7:12 p.m.
The town treasurer distributed a report that summarized all of the Town's long -term
obligations. It was noted that there are some projects that have not yet been audited by
the state and that some might produce a reimbursement to the Town. It did not seem that
there was any opportunity to refs any existing debt because related costs to do so would
not make it worthwhile.
Andy reported the current budget gap is around $3.9 million. If we get the health care
split and some additional state revenue, we may be at $3 million.
Mike reported a $500 -600k circuit breaker is available for the schools and was part of the
school's $2 million reduction. Currently, the schools are about $2 million down from the
( original budget. There was discussion on the need to examine administrative personnel
and controllable expenses.
Andy addressed the Selectmen that were present and requested they be more vocal at
their meeting regarding what they believe the schools must do. A summary of current
budget information will be prepared by the frncom and sent to the Selectmen to serve as a
basis for that discussion.
Andy distributed a FTE report from the schools.
John D'Agostino discussed an anticipated '04 shortfall for healthcare, snow & ice deficit
and employee benefit costs. He is working on a solution and will report back to frncom.
On a motion duly made and seconded, it was:
VOTED: to adjourn the meeting at 9:05 p.m.
Res ectfully sub fitted,
Ja B. Qoldbe ,
Secretary