Finance Committee, October 14, 2015

Meeting date: 
Wednesday, October 14, 2015

Holden Finance Committee, October 14, 2015, HMLD

Reorganization Meeting

 

Members Present: Joe Dolak, Paul Challenger, Karl Makela, John Lambert, Bill Randell, Dave White, Marilynn Foley

Member Absent: Al Berg

Also Present: George Balko, Town Moderator (left at 8:35)

 

The meeting was called to order at 7:07 by Moderator Balko.

 

George thanked the members of the Committee for their time and dedication.  George then called for nominations for Finance Committee Officers

 

A motion made by Joe 2nd by Bill to nominate John for Chairman. A motion made by Paul 2nd by John to nominate Dave for Chairman.  Discussion followed.  John thanked the Committee for the nomination, but does not have the time to be Chairman. The election of  John for Chairman was defeated unanimously.  The motion to elect Dave as Chairman was voted unanimously (abstained Dave).

 

A motion by Joe 2nd by Bill to nominate John for Vice Chairman was voted unanimously (abstained John).

 

A motion by Paul 2nd by John to nominate Marilynn for Clerk was voted unanimously (abstained Marilynn).

 

The Committee discussed with George the Town’s by-laws, roles and responsibilities, Town Meeting procedures and the IIF.  George asked the Committee to keep him informed of any difficulties we encounter during budget deliberations.

 

Paul had suggestions for the budget meetings.

 

Dave thanked Joe for serving as Chairman.

 

Paul and Dave reported on the progress of the Mountview School construction. The project is on budget and is expected to be completed by the target date .

 

The Committee discussed procedures for the upcoming budget deliberations and the annual town meeting.

 

Paul and Dave have met with the Town Manager, Jacquie and BOS Chairman, Jeremy to discuss the various financial accounts the town has.  We would like to have correspondence from Bond Counsel concerning the IIF.

 

Dave would like suggestions or goals for the next years budget deliberations.

 

The next meeting is on October 28, 2015

A motion by Paul 2nd by John to accept the minutes of July 8, 2015 was voted unanimously.

 

The meeting adjourned at 9:10.

 

 

Respectfully Submitted,

Marilynn Foley, Clerk