HomeMy WebLinkAboutFinance Comm 01/28/1986FINANCE COMMITTEE MEETIN(
JANUARY 28, 1986
Called to Order by Chairman Ed McQuaid
5 Members Present
Purpose - To discuss and review section #2 of the proposed town
budget "Revenue and Expenditures". Department heads in
attendance:
1) Town Accountant - Barbara Haig
2) Town Treasurer - Joan Cutillo
3) Town Clerk - Judy Scott
4) Town Assessor - Al Turinese
A) Assessor's Office Manager
Town
Accountant -
Prior to addressing the budget overview, Barbara Haig
pointed out that the state has advised the town that if
we used a Hotel/Motel tax, the maximum estimate had to
be $173,000 (not $200,000 as shown).-
hown):Growth
Growth-
Barbara Haig is using $200,000. This is between last
year and the year before.
Receipts -
Receipts of $1,259,538 - as a solid figure. The Cherry
Sheet is an estimate - the solid figure should be in by
Saturday, 2/1/86: Barbara sees little change.
Town
Accountant -
Salary represents +6%. Clerical represents clerical
union wages. Town Accountant salaries are also split
between water and electric.
Expenses -
Town Accountant expenses are up 6.7%.
Town Treasurer -
Joan Cutillo - Among revenues - motor excise should be
approximately $500,000 - do not anticipate the
aberration of last year: Fees, sewer fees, sewer
betterments Gatra. etc.
V
Insurance - Joan - is "hoping" insurance doesn't go up. No real
basis for projection of no increase (water and electric
is not represented in this expense, it is a receipt).
Debt and Interest - Sole reason slip in Bond Rating is investment in
Seabrook. Our borrowing power doesn't seem to be hurt
in the state.
Town Treasurer
Expenses - Joan is holding the line on expenses, however, because
of the crunch, they are adding a Junior Clerk -
(part-time, no benefits.)
-2 -
Town Assessor -
Al Turinese - asked about new growth - he doesn't know,
however, he will get it for us. It's based on housing
completions as of January 1, 1986 and unlike some
rumors, new growth will not be astronomical. $200,000
is OK to use for now.
Expenses -
$26,390 up from $9,090. This year outside assessors are
charging for legal fees: In addition, Al is putting an
article in for $30,000 for town's legal fees for
defending their decisions.
Salaries -
Office Manager wants $17,000. $522 more, feels she is
underpayed - compares her level with Assistant Assessors
from other towns. Says she needs this especially since
she is going full time.
Town Clerk -
Judy Scott - will be asking clerks to work overtime to
help with paper crunch adding $1,000 for printing. In
addition, Judy is requesting cap improvements for $4,000
for voting booths. Suggestion made for machines at
$25,000: Payback time may be less than last anticipated
however, this still has to be determined. This will be
subject for cap improvement committee.
Minutes as of 10:20 PM
Clerk K. Sullivan