HomeMy WebLinkAboutFinance Comm 11/25/1986i -- L�(�'[1� UVVJ[=
Combined Budget
Discussions - The selectmen have suggested that the finance committee
and the selectmen discuss the budget together in order
to present a united front at town meeting. E. McQuaid -
that while this had merit, this type of discussion would
have to include the school committee.
All agreed that if the schools which represents 60% of
the budget were not present then very little could be
accomplished insofar as total budget was concerned.
Adjourned 8:52 PM Second K. Sullivan
6-0 in favor
TOWN OF MANSFIELD 4. FFB 5 I9
FINANCE COMMITTEE MEETING'��
NOVEMBER 25, 1986
Called to Order by Chairman
Ed McQuaid 7:30 PM
6 Present
Purpose -
(1) To consider transfers from the reserve fund.
(2) General discussion on upcoming annual town meeting.
Transfers -
#3-A.A.A.R.C. (Attleboro Area Assoc. of Retarded
for special needs
Children. This is a summer program
children. Because of the number of participants is not
known until the summer is over, exact funding is not
available. $3,000 is being requested.
John Pierce - motion to table - second Tom Markt
Discussion - copies of transfer were not available and
the selectmen had not reviewed the request.
6-0 in favor of motion.
#4 - Electrical inspectors fees $1,265.96.
S. Quinn motion to pay
Second J. Pierce
6-0 in favor.
Reserve Fund Status
Total transfers year-to-date
$95,565.03
Balance 434.37
General
Discussion -
Discssomeuofion lebconcernsyforatheaupcomiChirmn Ed inguEd noted
thewas
year.
Town Liabilities -
e.g. Unfunded pension liability, dealing with the bond
the feasibility
rating problem, enterprise accounts and
of maintaining them or putting them back on the tax rate.
We should be prepared to address these as well as an
increase in the reserve fund and the formation of a
Stabilization fund.
Combined Budget
Discussions - The selectmen have suggested that the finance committee
and the selectmen discuss the budget together in order
to present a united front at town meeting. E. McQuaid -
that while this had merit, this type of discussion would
have to include the school committee.
All agreed that if the schools which represents 60% of
the budget were not present then very little could be
accomplished insofar as total budget was concerned.
Adjourned 8:52 PM Second K. Sullivan
6-0 in favor