Minutes
Finance Committee
Sept. 16, 2009
7:30 PM
Present: Peter Braun, Karl Geiger, Sanj Kharbanda, John Koenig, Robert Steinbrook
Absent: Ellen Meyer Shorb, Laura Sander
Bob Davidson, Mike Durand, Isabel Evans and Dan Stroka of Longwood Asset Management
presented a Colorado College chair in memory of John D. “JR” Robinson, a member of the
Committee from 1998 to 2008 and chairman of the Committee from 2004 - 2006.
The Committee approved the minutes of its September 1, 2009 meeting.
Tim Higgins, Town Administrator, and Colleen Wilkins, Town Finance Administrator, presented
a summary of the model used to build the town’s annual budget, and also discussed in particular
the uncertified ending budget from FY ’09, with its effect on FY ’10 and a variety of
assumptions that they made in starting to build the budget for FY ’11.
Ellen Meyer Shorb arrived to the meeting.
The Committee then discussed possible approaches to close the deficit for FY ’10. Discussion to
continue at the October 1 meeting.
The Committee discussed a request to field a representative to the School Committee’s small
joint fact finding working group regarding the RFP for the space occupied by Magic Garden. It
was the Committee’s consensus that the Committee should not field a representative at this time,
but that the Lincoln Schools should be advised of the Committee’s position that the Schools
should not subsidize any unrelated tenant in school buildings without specific budgeted
authorization from the Town Meeting. It was also the consensus of the Committee to request
clarification as to the legal limitations on the School Committee’s discussion of the RFP with
Magic Garden. Robert Steinbrook to follow up with Julie Dobrow.
The Committee discussed a request to field a representative to the 9/24/09 HATS meeting which
will include a discussion of FY ’11 budget preparations. John Koenig to follow up with Sara
Mattes.
The Committee scheduled its next meetings for:
Thursday, October 1, 2009
Thursday, October 8, 2009
Thursday, October 15, 2009.
Ellen Meyer Shorb provided an update on the housing troika activities.
There being no further business, the meeting was adjourned at 9:35 PM.
Submitted By: John L. Koenig
Approved: October 1, 2009
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