FINANCE COMMITTEE MINUTES

April 1, 2008

John Doe, Vice-Chair, called the meeting to order at 7:05 P.M.

MEMBERS PRESENT: John Doe, Paul Lawrence, George Allen, Kelly Springfield, Eric Clapton and Charlie Heath

MEMBERS ABSENT: Christopher Columbus, Ben Folds, and Susan Lane

OTHERS PRESENT: Don Lipton and Tom Poe

NOTE: This is a fictitious document.  Any resemblance to a real town finance committee’s minutes is coincidental.

MINUTES:

The minutes for March 12th were approved as amended with George Allen not attending the meeting as stated.  Also, to delete “all” and change to “more” pertains to nominating a new chair for the committee.  Motion EC/Second BP.  PL and KS abstained.

NEW BUSINESS:

RSFT: $331.73 for vehicle fuel as requested from Dewey Cheetham, as the new account was under-funded.  Motion EC/Second GA.  Passed unanimously.

Discussions:  Revenues and Expenses

Adjustments – (1) Motor Vehicle Excise Taxes decreased to $420,817.00 (2) Fines and Forfeits decreased to $15,000.00 (3) Earnings on Investments increased to $39,000.00 and (4) Miscellaneous Non-recurring decreased to $27,000.00.  Total Taxes and Local Revenue equals 4.7 million.

SCHEDULED MEETINGS:           

April  15^th is scheduled to discuss expenses before meeting with town departments and other committees.  John will notify members if this meeting is to be cancelled.  The April schedule changes to Thursday’s until further notice.  Paul will check with CRLSs availability for April 23^rd, the Highway, Fire and Police Departments for April 1^st  and the Local School and Library for April 8^th.

ADJOURNMENT:  Meeting adjourned at 8:10 P.M.  Motion GA/Second EC.  Passed unanimously.

Respectfully Submitted,

Linda Ronstadt