FINANCE COMMITTEE
MINUTES – February 23 , 2004
TOWN HALL – 7:35 P.M.
Members present: Pietal, Goodman, Miller, Tuck, Hitter, Feldman, Sydney
Absent: Members absent: Heitin, Hearne, Goldberg, Fixler, Rose,
Approved Minutes of Meeting February 2, 2004 7-0-0
Reviewed Board of DPW’s Budget – Ben Puritz and Eric Hooper
1. Plus 5.9% Budget
2. Areas to Note
a. Snow and Ice Budget
i. $136,000 spent to date of $107,000 budgeted for ‘04
ii. may receive some reimbursement from FEMA/MEMA for the 24hr storm where we spent $86,000
b. Gas and Fuel – Gas and Diesel Budget
i. FY ’03 actual high due to high snow and ice removal in FY ‘03
c. Salary increases
d. 2% step increase and 3% merit increase
i. last year – nothing but contracted increases were budgeted
e. Positions in budget but currently vacant
i. Town Engineer
ii. Building/Construction Manager
f. Total Number of Employees (DPW and Water Depts.) = 43
Reviewed Board of Water Department Budget – Ben Puritz and Eric Hooper
1. Areas to Note
a. Revenues are generated from sale of water to town residents
b. Expenses allocated to the water department must be for water department expenses only (not other DPW expenses)
c. Excess revenues stay in Water Dept. for future projects
d. Discussed the use of consultants vs. funding the Town Engineer and Building/Construction Manager positions
e. Looked at 5781 Account – Water Division System Rehabilitation and Improvement
a. FY ’04 - $966,000
b. FY ’05 - $1,710,000
a. Mr. Hooper quoted a balance as of 7/1/03 to be approx. $2,100,000
b. Mr. Goodman noted that as of 6/30/03 the balance was $3,400.000
c. Mr. Puritz suggested that he and Mr. Goodman check with the Accounting Department to determine why the difference exists between the 2 figures
5. Morse Street Water Main Replacement of A/C Pipe
6. 5460 Account – Construction Materials and Tools Account
a. Mr. Hooper commended for not bundling these items and submitting a capital request
Reviewed Street Lighting Budget – Ben Puritz and Eric Hooper
Next Finance Committee Meeting