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Finance Committee Minutes 05/18/2006
Finance Committee Minutes
Thursday, May 18, 2006

Guidance Room, placePlaceNameNorth PlaceNameReading PlaceTypeHigh School

Present: Mr. Mastascusa, Ms. Hurlbut, Mr. Kelliher, Mr. Casazza, Mr. Wolpin, Mr. Westervelt, Mr. Jones, Sr. and Mr. Johnson

Members discussed the three Articles before Town Meeting.  Members were unanimously in favor of Article 3 - Amend Code - Add Zoning By-law Article XX - Berry Center Residential Smart Growth Overlay District and Article 28 - Accept MGL Chapter 32B, Section 18 (Medix insurance for retirees).  Article 13 - FY2006 Budget Transfers had some changes to the Sanitation Budget and the Surplus Fuel Reserve.

MS. HURLBUT MOVED TO APPROVE UNDER ARTICLE 13, THE TRANSFER OF $130,000 FROM THE SANITATION BUDGET TO THE STABILIZATION FUND.  MR. KELLIHER SECONDED THE MOTION.  VOTED: UNANIMOUSLY.

MS. HURLBUT MOVED TO APPROVE UNDER ARTICLE 13, THE TRANSFER OF $127,535 FROM THE SURPLUS FUEL RESERVE TO THE STABILIZATION FUND.  MR. KELLIHER SECONDED THE MOTION.  VOTED: UNANIMOUSLY.

Chair advised members that Ms. Ralph has given her resignation.

At 7:00 PM members moved into Town Meeting.  Town Meeting adjourned at 8:30 PM

The next Finance Meeting is scheduled for Tuesday, May 30, 2006, at 7:30 PM.


Approved ______________________ dated _________


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