HomeMy WebLinkAbout2012-11-15Minutes for November 15, 2012, adopted Nov. 29
Town of Nantucket
Capital Program Committee
www.muntucket-ma.gov
Members: Phil Stambaugh (Chair), Carol Damon (Vice- chair), Peter B4
Linda Williams; John Tiffany; Patty Roggeveen
Called to order at 8:31 am.
1. Novemb�i8.'_ 012 — Motion to Approve. (Dunton) Carried
11. GENERAL DISCUSSION tl
la�u Morrison, Dunton, Stambaugh, Tiffany, Williams
1. Question about Airfield equipment and how much money is being requested for approval from the
General Fund: Airport Equipment must come out of the Enterprise Fund. Though the airport has
retained earnings, those have not yet been certified. Regardless of whether or not General Fond
subsidizes them, with Our Island Home, sewer, `Sconset/Wannacomet water, and airport, any capital
they receive is considered borrowing regardless of source.
2. Ms O'Neil stated that only three properly filled -out rating forms were received by close of business
November 14. Discussion about reasons for tardiness/lark of submissions from four members.
3. Estimates of revenue by sources per Town policy: 1 % from local taxes$711,347; revolver funds about
$390,000; re- appropriation $102,240; free cash has approximately $2,643,920. It is possible for all
requests to be covered by revolver funds or free cash. No commitment can happen until the
Department of Revenue (DOR) certifies the free cash. Revolver fund money must be used for
restricted purposes and must be appropriated through Annual Town Meeting (ATM) and then be
approved by DOR.
4. Discussion about how to rate capital projects and upon what to base priorities.
(willi.s wnri m)
5. Assignment of write ups: Williams —Schools; Dunton —DPW & Town; Tiffany— Fire, IT /GIS, OIH
& Planning; Morrison — Marine, Natural Resources & Water Company; Stambaugh — Airport &
Sewer. The drafts need to be to Ms O'Neil no later than December 3. Ms O'Neil will send out samples
to all members doing write -ups.
Page 1 of 2
MIN 111 En.
Thursday, November 15,2012
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4 Fairgrounds Road, Second -floor Meeting Room —
8:30 an°
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Staff:
Diane O'Neil, Project Manager /CPO; Debbie Weiner, Treasurera-
erifsNotn, Town
Minutes Taker
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Co
Attending Members:
Stambaugh, Dunton, Morrison, Williams, Tiffany
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Absent Members:
Boynton, Roggeveen
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Late arrival times:
Williams 9:14 p.m.
Called to order at 8:31 am.
1. Novemb�i8.'_ 012 — Motion to Approve. (Dunton) Carried
11. GENERAL DISCUSSION tl
la�u Morrison, Dunton, Stambaugh, Tiffany, Williams
1. Question about Airfield equipment and how much money is being requested for approval from the
General Fund: Airport Equipment must come out of the Enterprise Fund. Though the airport has
retained earnings, those have not yet been certified. Regardless of whether or not General Fond
subsidizes them, with Our Island Home, sewer, `Sconset/Wannacomet water, and airport, any capital
they receive is considered borrowing regardless of source.
2. Ms O'Neil stated that only three properly filled -out rating forms were received by close of business
November 14. Discussion about reasons for tardiness/lark of submissions from four members.
3. Estimates of revenue by sources per Town policy: 1 % from local taxes$711,347; revolver funds about
$390,000; re- appropriation $102,240; free cash has approximately $2,643,920. It is possible for all
requests to be covered by revolver funds or free cash. No commitment can happen until the
Department of Revenue (DOR) certifies the free cash. Revolver fund money must be used for
restricted purposes and must be appropriated through Annual Town Meeting (ATM) and then be
approved by DOR.
4. Discussion about how to rate capital projects and upon what to base priorities.
(willi.s wnri m)
5. Assignment of write ups: Williams —Schools; Dunton —DPW & Town; Tiffany— Fire, IT /GIS, OIH
& Planning; Morrison — Marine, Natural Resources & Water Company; Stambaugh — Airport &
Sewer. The drafts need to be to Ms O'Neil no later than December 3. Ms O'Neil will send out samples
to all members doing write -ups.
Page 1 of 2
Minutes for November 15, 2012, adopted Nov. 29
6. Next year, this committee needs to have a pre -vote refresher meeting. Also need an organizational
meeting before meetings with department heads.
1. Thursday, 8:30 a.m. November 29: project ratings
2. Thursday, 8:30 a.m. December 6: write -ups.
Adjourned: 9:33 am.
Submitted by:
Terry L. Norton
Page 2 of 2