Minutes

Finance Committee

715 Old King’s Hwy, Conference Room

7:00 PM Wednesday March 6, 2019

Meeting Minutes

Members Present: Janet Loewenstein, Chair; John F. Magee, Vice Chair; Kathy Granlund, Stephen Polowczyk, Robert Wallace, Ira Wood, Jeff Tash (7:06pm)

Members Absent: Linda Pellegrino

Others Present: Dan Hoort, Town Administrator; (7:07pm) Rebekah Eldridge, Committee Secretary

Minutes

• February 27, 2019; Polowczyk moved to accept the minutes, Wood seconded the motion, Motion carried 7-0

Unfinished business regarding 2019 Annual Town Meeting:

Moved to recommend Article 17 Paramedic training $10,000

Motion: Wood                       Second: Polowczyk             Passed: 7-0-0

Capital Budget – Article 3

            Discussion about the bandstand awning (Article 18) is being checked to see If this can wait for another year.

            Hoort explained to the committee that the capital budget comes to approximately 1.66 million not including debt services. Discussion continued about the budget.

Raises and appropriate = $445,342.00

Borrowing and other = $1,215,690.00 (includes transfers from the beach fund, transfers from the ambulance fund, and transfers from the shellfish fund)

Marina enterprise fund gas tanks were discussed. $525,000.00 was the quote for the tanks. Hoort explained to the committee that this number has moved around greatly.

Hoort explained that the capital budget doesn’t include the individual borrowing items, he explained they were only approving the items that were raised in appropriate which totals, $620,857.00

Transferring from the shellfish fund = $26,015

Transferring from the ambulance fund to replace portable radios = $65,000

Beach Fund replacement for pickup truck = $35,000

Parking Kiosk = $19,500 White Crest beach parking (Beach Fund)

Beach access vehicle in case of an emergency = $30,000 (Beach Fund)

Moved to recommend Article 3 – Capital Budget

Motion: Polowczyk                          Second: Tash                        Passed: 7-0-0

Committee discussed and decided to keep original Vote to recommend Article 13

Committee discussed and decided to keep original vote to wait on recommendation for Article 18 – Bandstand

Committee discussed and decided to keep original vote to wait on recommendation for Article 23 – Marina Gas Tanks

Committee discussed and Moved to recommend Article 34 – Universal Preschool

Motion: Polowczyk                          Second: Granlund               Passed: 7-0-0

Committee discussed and decided to keep original vote to wait on recommendation for Article 36 – Water Resource Director

Committee discussed and moved to recommend Article 11 – Chapter 90, Repairs $243,219

Motion: Wood                                   Second: Tash                        Passed: 7-0-0

Hoort discussed Article 15. The fire chief asked if the town could fund one of the articles for additional staff through the ambulance fund and the other article for an override, which would equal two separate articles. This would equal $79,000 for each. He informed the committee that the fire chief has applied for a SAFER grant. If he is successful, the grant would pay for 75% of the cost of new firefighter for year one and two and 35% in year three, and the fourth year the town would take on the full pay.

Committed discussed and decided to wait on a recommendation for these articles.

Strategic Planning

Liaison Reports

Correspondence

Other Business

Polowczyk motioned to adjourn the meeting at 7:50PM Granlund seconded the motion

Motion carried 7-0