HomeMy WebLinkAbout2009-02-03
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Town of Nantucket
County Finance Review Committee
Minutes - County Finance Review Committee Meeting, held February 3rd, 2009
[Approved May 14th, 20091
A duly noticed meeting of the County Finance Review Committee was held in the
conference room at #2 Fairgrounds Road on Tuesday, February 3rd, 2009, commencing
at 4:38 PM.
Present: Chairman Jim Kelly, Christy Kickham, Steve McCluskey, Peter Morrison,
Matthew Mulcahy, Michael Rosen, Tim Soverino, and John Tiffany
Absent: Charity Benz
Also present: Rick Atherton, C. Elizabeth Gibson, Michael Kopko, Irene Larivee, and
Craig Abernathy.
Call to Order:
Chairman Kelly called the meeting to order at 4:02 PM.
Announcements/Updates:
None
Review of Nantucket County Budget:
Explaining the process for approving the Nantucket County Budget, Ms. Gibson
highlighted three steps: approval by the Board of Selectmen, approval by the Finance
Committee and approval by the County Government Finance Review Board (CGFRB).
Chairman Kelly asked if it was the expectation that the Finance Committee would
approve the budget at the meeting; to which Ms. Gibson responded in the affirmative.
Minutes - County Finance Review Committee
February 3rd, 2009
Page 2 of2
Ms. Gibson stated that the Nantucket County Budget is comprised of three
departments: the Registry of Deeds, the Sheriff, and County Administration. Chairman
Kelly asked if the County is assessed an amount for indirect costs. Ms. Gibson
responded that the County is not assessed as there is not enough money to allocate an
amount for this item. Mr. Rosen asked if Ms. Gibson could estimate the amount. Ms.
Gibson stated that it is not a small amount.
Turning to revenue sources, Ms. Gibson cited a Town assessment, deeds excise
fees, copy fees and license fees as sources. In examining projected revenues, she stated
that there should be sufficient Deeds Excise funds to cover expenses, but noted that this
funding source cannot be used for maintenance of effort. She added that by law
funding must increase by two and a half percent each year. Ms. Gibson commented
that the methods of funding the County budget may change if the State takes over the
Sheriff's budget.
Ms. Gibson then turned to expense items citing funding for the FY 2008 Audit, an
appropriation for a new police station, and an additional ongoing appropriation for debt
service. She again cited pending legislation as a factor affecting the final outcome.
Mr. Mulcahy moved to approve the Nantucket County budget; seconded by Mr.
Rosen. So voted unanimously.
New Business:
None.
Date of Next Meeting:
The date of the next meeting is to be determined.
Adjournment:
Chairman Kelly asked for a motion to adjourn that was "so moved" by Mr.
Mulcahy. The meeting was adjourned at 5:00 PM.
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Prepared by Craig Abernathy