HomeMy WebLinkAboutFin Comm 12/13/1983FINANCE COMMITTEE
MINUTES OF THE MEETING
TUESDAY, DECEMBER 13, 1983
Present: S. Quinn, R. Dotson, V. Forte, T. Markt, J. Brunelli
Chairman Quinn called the meeting to order at 7:40 P.M. Chairman Quinn
stated he was pleased to have all the attendees present to provide input
into. the projected revenue for 1984-1985 fiscal year.
Those in attendance representing the School System were: John Gorman, Asst.
Superintendent, Joanne Begley, Chairman - School Committee, David Clemmey,
School Committee and Benjamin Hampton, Business Manager.
Those in attendance representing the Municipal Government were: W. Chadwick
Maurer, Jr., Town Manager, Barbara Hagg, Town Accountant, Joan Cutillo, Town
Treasurer.
A letter was read from Stephen Quinn, Chairman of the Finance Committee to
the Supt. of Schools and Town Manager, outlining the purpose of the meeting
(see copy attached). Briefly this letter requested input into anticipated
revenue for FY 85.
In response to this letter, the Town Manager wrote a letter to the Finance
Committee outlining his proposed revenues for FY 85 (see attached).
Briefly, Mansfield shows a FY 85 growth allowance of $187,510 (1.7%) over
estimated receipts for FY 84, and $74,000 is committee to new benefits. It
was noted that there is $120,000 in Free Cash, $190,000 in Revenue Sharing
and $160,000 in the Stabilization Fund.
There was debate over the potential usage of the above listed Funds, and it
was also noted that the Town Manager had projected -0- for new real estate
growth. It was noted also that the Governor has proposed that the Cherry
Sheet will be out no later than the end of February.
After much debate, Chairman Quinn, as he stated in his opening remarks, noted
that we will have to reduce operating expenses in order to meet the anticipated
budget for FY 85. He stated we should go into a Town Meeting in the fall --
not as we had in the past to further cut our budget and transfer funds to
meet operating needs -- but to state where the extra funds will be placed.
The meeting adjourned at 8:40 P.M.