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FINANCE COMMITTEE MEETING MINUTES OF OCTOBER 16, 2008 @ 2:00 Chair Militello called meeting to order at 2:00 p.m. Roll Call: Present Chair Barb Militello, Co- Chair Wayne Polzin, Treasurer Pat Morelli, Administrator John Olson, Citizen Member Kim O’Keefe, Deputy Clerk Laura Dushemin, excused Richard Burnes. Audience approx. 8 Militello declared a Quorum for doing business. Approval of the minutes of 7-23-08 & 9-23-08 was made by Pat with a second by Wayne. Motion carried. Communications: NONE Comments and Suggestions: Several questions were asked regarding different line items on the budget. OLD BUSINESS: a) Discussion/possible action on planning and reviewing 2009 budget. John Olson gave the committee an overview highlighting the revenues and expenditures. Line items that are highlighted still had some concern and the committee reviewed them. Approx an additional $65,000. still needs to be cut from the budget. Budget worksheet pg. 7 Police – Capital Purchases- Motion was made by Kim to remove $7,700. for a total station- measuring devise for accidents, with a second by Barb. No discussion. Motion carried. Worksheet pg. 10 Highway- Storm Water Management- Motion was made by Kim to reduce the $30,000. to 5,000. motion failed lack of a second. Barb made a motion to reduce the $30,000. to $15,000. motion failed lack of a second. No other motions were made. Amount remained the same. Pg 12 Park Maintance- The committee is asking for an additional $3000. be added to take care of some important electrical, the committee did not have an itemized list of what the already $14,000. would be used for and based on the amount used this year, Barb made a motion to increase the line item by $1500. total $15,500. with a second by Kim. Vote was taken 3-1 Motion carried. Pg 13 Tourism- Chamber of Commerce- Motion was made by Kim to re-instate amount to $1500. with a second by Barb. Vote was taken 3-1 Motion carried. Historical Society- Motion was made by Kim to decrease amount from $7,000. to $5,000. Motion failed lack of a second. Motion was made by Kim to decrease amount to $3500. With a second by Barb. Vote was taken 2-2 amount remains $7,000. Pg 13 Lake Maintenance – Wayne made a motion not to place the $25,000. for the dredge project into the debt service, with a second by Kim. Discussion took place that the entire amount would be borrowed at the time it was needed. Vote was taken 3-1 motion carried. NEW BUSINESS: NONE Next meeting date: NONE Motion to adjourn was made by Wayne with a second by Pat @ 3:40 p.m. Minutes submitted by: Barb Militello 10/17/08