Finance Committee - Agenda - Dec 6, 2016

The Finance Committee is scheduled to meet on Tuesday, Dec 6 at 7:00 PM in the Council Chambers. The full agenda document is attached below with the key items highlighted here:

• Technology – E Permitting Purchase
• Technology – Google Applications Purchase
• Turf Field Design and Development

Items for Discussion:

Town Administrator Updates 

• FY 17 Capital/FY 18 Budget, 
• Multi-units development in Town

the new artificial turf field at FHS has good softness with its new infill although it is 
crumb rubber and is controversial

Worthy of note is the balance of the budgetary savings accounts. These accounts are used to plan for actual or emergency expenses.

The "Rec Fields Stab" is money set aside to replace the FHS and Beaver St artificial turf fields. Coincidentally, one of the action items on this agenda is to use some money from the "Free Cash" to fund the design for those fields. The design is needed to put the work out to bid with an expectation to have the fields replaced during the period June-July 2017.

Balances update 09/30/16

• Gen Stab 4,987,740
• PW Stab -0- 
• Rec Fields Stab 870,105
• Traffic Stab 4,611 
• Fire Truck Stab 486,407
• Property Acquis Stab 255,527 
• Open Space 1,085,668
• Budget Stab 1,345,759 
• OPEB Trust 2,262,251
• Free Cash 3,516,586

OPEB Obligation: Pay as you go 93,975,598 as of 6/30/15