Finance Committee Meeting

Minutes – August 13, 2007

Town Hall, Lower Level Hearing Room – 7:30 P.M.

Members Present:  Joel Alpert, Maria Anderson, Brian Fitzgerald (late), Gordon

                               Gladstone, Charles Goodman, Josh Kiernan, Joel Lessard, Laura

                               Nelson (Hamilton)

                Absent:   Jonathan Hitter, Ira Miller, Edward Philips, Gregory Sydney

1. The first item on the agenda was to approve the minutes of July 30.

2. A MOTION was made by Joel Lessard and SECONDED by Gordon Gladstone to approve the minutes of July 30, 2007, as written.

3. VOTED:  6-0-1.  Abstain:  Anderson.

4. There was some discussion on the next article of “It’s Your Money”.

5. The next item on the agenda was the explanation of Revolving Funds by Ben Puritz.

6. Ben Puritz presented information on some lower value and some higher value Revolving Funds and how they work.  Every year they come up for vote at the Sharon Town Meeting.

7. There was much discussion held regarding some of the different Revolving Funds, their purpose and use.

8. There was some discussion regarding trash collection and recycling.

9. OTHER BUSINESS

10. Joel Alpert stated he would like to have a sub-committee to refine points regarding the future revenues and to come back with a recommendation.  Gordon Gladstone, Maria Anderson, Josh Kiernan and Brian Fitzgerald will work on this sub-committee.  Three things to focus on:  (1)  Gilligan Financial Model.  (2)  Maria Anderson’s spread sheets.  (3)  My own spread sheet.

11. There was considerable discussion regarding revenue projections and possible fees involved.  Also discussion regarding Priorities, what percentage budget could go up, and Finance Director to be involved with FY’09 budget process.

12. It was MOVED and SECONDED to adjourn.

13. VOTED:  8-0-0.

14. The meeting was adjourned at 9:40 p.m.