HomeMy WebLinkAboutFinance Comm 02/19/1991TOWN OF MANSFIELD FINANCE COMMITTEE
Minutes of Finance Committee Meeting ofi . !,.1 Vin; J
Held on February 19, 1991 f(r.-1
Pursuant to notice duly posted in accordance with the
Massachusetts Open Meeting Law, a meeting of the Mansfield
Finance Committee was held on February 19, 1991 at 7:30 p.m. at
the Mansfield Town Hall. Present at the meeting were Charles
Joseph, Chairman, Joseph Pasquale, Ed McQuaid, Phil Smith, Gordon
Penman and Barbara Hagg. Also in attendance throughout the
meeting were Joan Cutillo, Acting Town Manager, and Lawrence
Gallagher, Town Accountant.
Ms. Cutillo first informed the Board that she had asked the
various Town departments to redo their budgets based on what belt
tightening needed to be accomplished.
The Committee next reviewed the current draft of the summary
of revenues and appropriations for fiscal 1992.
Next, the Committee discussed the need to centralize the
Town's expenditures for legal fees and add tighter controls in
order to better budget for the expenditure of outside counsel.
The Committee next discussed the proposed bond expenditures
that would be made by the Town over time in connection with
building the school. The Committee also discussed the potential
of issuing bonds for the expansion of the sewer system and the
need for adopting a plan for betterment assessments.
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Next, the Committee held a lengthy discussion of the pros and
cons of whether to support changing the water and sewer accounts
of the Town to "Enterprise Funds". The Committee decided to
table any motion on whether or not to support enterprise accounts
or to withdraw the warrants from the Town meeting.
The Committee next reviewed old matters, mail and the status
of the current budget to date.
The Committee then considered Transfer Request No. 3 to cover
the costs for the Town Manager search. These costs totalled
$8,781.68. Upon motion by Ms. Hagg, duly seconded by Mr. Smith,
it was unanimously:
VOTED: To approve Transfer Request No. 3.
The Committee next considered Transfer Request No. 2, which
concerned legal expenses incurred by the Board of Selectman.
These expenses totalled approximately $10,000. After discussion,
Mr. Pasquale moved to approve such request, which motion was
seconded by Mr. Smith. After further discussion this motion was
withdrawn. Mr. McQuaid then moved to transfer $3,000 to cover
only current expenditures, which motion was seconded by Mr.
Smith. After further discussion it was unanimously:
VOTED: To approve Transfer Request No. 2 in the amount of
$3,000.
The Committee next considered the proposed quarterly billing
of taxes. Ms. Cutillo brought to the Committee's attention the
fact that if it were to act now the Town could split the cost of
the necessary computer programming with the Town of Stoneham and
as a result save 50% of the cost the Town would otherwise incur.
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The Committee next held a general discussion as to the best
f. method of working out the final budget. No decision was made in
this regard.
There being no further business upon motion duly made and
seconded it was unanimously:
VOTED: To adjourn.
f i ncom: aU
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. Yennian,'-Secretary