Westport News

Present:    Lisa Arnold (LA), Bob McCarthy (BM), Warren Messier (WM), Tony Vieira (TV), Hugh Morton (HM), Jack Baughan (JB), John Miller (JM), Charles Baron(CB)
Absent:    Tracy Priestner (TP)

TV, Chair, opened the meeting at 6:30 pm.

1. TV handed out a snapshot of the FY11 finances from the Town Accountant.  It shows two revenue options.  Option 2 is the most logical way to balance the budget.  WM made a motion and LA seconded it to accept option 2 as the balanced budget for FY11 and the one that the town will use.
2. Mary Ellen Gomes, COA Director, was in attendance to ask the Fincom for their support in increasing the spending cap on the Transportation Revolving account up to $70,000.  The limit is currently $30,000, which does not allow them to spend what they have accumulated in the fund.  The BOS had voted previously to allow this but it did not make it to the warrant for the town meeting.  HM made a motion and WM seconded it to increase the revolving fund limit to $70,000.  The vote was unanimous in favor of this.
3. The transfer from the reserve fund from the Highway Department in the amount of $1,500 was again presented to the Fincom with the entire necessary backup.  The Fincom felt that it was not the right time to do this and asked Michel Coughlin if the BOS were aware of this and he said they were not.  TV decided, with the agreement of the committee, to handle this at a later date.
            
The meeting then sat in recess until Annual Town Meeting at 7:00 p.m.

Adjournment and next meeting:    There being no further business to come before this meeting, a motion was made and seconded to adjourn the meeting at 9:15pm.  At this time there is no other scheduled meeting.
                            

Respectfully submitted,


Nicole Botelho
Recording Secretary