Finance Committee Minutes
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Meeting date:
Tuesday, January 21, 2020
Town of Shirley
FINANCE COMMITTEE
7 KEADY WAY – SHIRLEY, MASSACHUSETTS - 01464-2812
Tuesday, January 21, 2020
Location: Town Hall, Conference Room 2
Amended Meeting Minutes Submitted by: Aubrey Thomas
- Meeting convened at 7:00pm.
- Announced that the meeting was being recorded and may be shown live on the local broadcast channel by Shirley Media and recorded for internet access.
- NOTE: Any audience member recording or video-taping must notify the chair.
- Members present
- John O’Keefe, Chair
- Brian Hildebrant, Vice Chair
- Aubrey Thomas, Secretary
- Diane Parker
- Bruce Somes
- Jason Beauvais
- Members not present
- Mike Swanton
- Other Attendees
- Michael McGovern, Town Administrator
- Heather Varney, Town Accountant
- Michael Gibbons, Executive Assistant
- Review and Approve Prior Meeting Minutes
- Diane Parker moved to approve the October 22, 2019 meeting minutes, Brian Hildebrant seconded, all approved.
- Diane Parker moved to approve the November 12, 2019 meeting minutes, Brian Hildebrant seconded, all approved.
- Town Manager’s Report: Update on Contract Negotiations and Ambulance Enterprise Fund issues
- Town Accountant’s Report:
- First Six Months YTD Financial Report [Revenues and Expenses]
- Documents submitted:
- Expense sheet for general fund and enterprise funds
- Revenue sheet for general fund and enterprise funds
- Proposed Fund Balance and Fund Availability Report
- Five Year Capital Improvement Plan
- Town of Shirley FY2021 Capital Request Forms
- Total General Fund YTD Expenses is ($6,984,355.74)
- Total Sewer Enterprise YTD Expenses is ($972,500.36)
- Total Ambulance Enterprise YTD Expenses is ($77,262.95)
- Total SW&R Enterprise YTD Expenses is ($155,083.43)
- Total YTD Expenses is ($8,189,202.48)
- Total YTD Revenues is $7,553,407.12
- Total YTD Sewer Enterprise Revenue is $1,246,459.46
- Total YTD Ambulance Enterprise Revenue is $233,391.63
- Total YTD SW&R Enterprise Revenue is $47,465.00
- Lower revenue amount mostly due to October-December bills not having been mailed yet
- Heather Varney presented proposed fund balance and fund availability report for the period of 7/1/2019 to 12/31/2019
- The total FY20-FY24 Capital Plan amounts:
- FY20: $577,023
- FY21: $304,305
- FY22: $213,356
- FY23: $411,087
- FY24: $342,306
- Total 5 Yr CIP Plan: $1,848,078
- Confirmed with accountant that the Town Meeting will be May 11, so the Warrant must be approved by April 13. It must be posted by Thursday, April 9th.
- Documents submitted:
- FY 21 Budget Schedule and Process
- Proposed dates for budget reviews:
- Police: February 4
- COA & Veterans: February 6
- Fire/Ambulance: February 11
- Town Revenue: February 13
- Schools: February 25
- DPW: March 5
- BOH: March 10
- Conservation Commission: March 12
- Library: March 17
- Sewer: March 19
- Administrative: March 24
- First Six Months YTD Financial Report [Revenues and Expenses]
- Update on involvement with Marijuana Subcommittee fiscal matters
- Next Meeting
- Questions
- Meeting was moved to adjourn by Diane Parker, seconded by Brian Hildebrant at 8:22pm.
*FOR SIGNED MINUTES, PLEASE SEE TOWN CLERK*
John O’Keefe, Chair | _________________________________ |
| Date | _______________ |
Brian Hildebrant, Vice Chair | _________________________________ |
| Date | _______________ |
Aubrey Thomas, Secretary | _________________________________ |
| Date | _______________ |
Diane Parker | _________________________________ |
| Date | _______________ |
Bruce Somes | _________________________________ |
| Date | _______________ |
Jason Beauvais | _________________________________ |
| Date | _______________ |