<p> FINCOM MEETING MINUTES</p><p>JANUARY 23, 2014</p><p>ATTENDANCE: ED HOAK; CHAIRMAN, NANCY GAJOLI, BRIAN RUA, MICHELE HAMILTON, DEAN LARABEE, KATHERINE AVILLA; TOWN ACCOUNTANT, PAUL MODLOWSKI; SECRETARY OF THE BOARD OF SELECTMEN, SCOTT LABONTE; POLICE CHIEF AND STEVE CASTELLINA; SELECTMAN.</p><p>MEETING CALLED TO ORDER BY CHAIRMAN, ED HOAK AT 6:37 PM.</p><p>MINUTES: The minutes of the meeting of October 22, 2013 were reviewed and accepted.</p><p>MINIMUM WAGE: The possible minimum wage increase was discussed but determined to be of minimal impact to the town.</p><p>POSSIBLE FY2015 REVENUE SOURCES: Correction to the levy limit will add $ 200,000 and the $ 140,000 PILOT may come on line this year. The Governors proposed budget adds very little to revenues, and most of the additions were school based. </p><p>HIGH SCHOOL STABILIZATION: Will be returned to $ 200,000 in FY2015.</p><p>POSSIBLE FY2015 EXPENSES: Begin to manage funds to allow for the addition of a town manager, continue to encumber $ 20,000 to repair the public safety roof, add a police cruiser so we are back on a one a year cycle, returning turnout gear to the budget and repair to the backup remote communications building. There are no anticipated union negotiations expected at present. The new town hall will require a custodian in March of 2015. Animal control officer is running out of budget.</p><p>REVIEW OF CALENDAR: ACO will be invited to see us on February 11 and we are striking review Governor’s budget. Library will meet with us at 6:30 on March 18. On April 15 we are striking Library. Assessor will be invited to see us on February 11 to discuss revenues. Calendar approved by the committee. </p><p>REVIEW OF FY2015 BUDGET REQUEST LETTER: The FY2015 budget request letter was review and approved after some discussion and a few minor revisions. Chief Labonte questioned the need of disclosing the current year budget usage as many items in the budget cannot be usefully tracked month to month. It was determined that a full disclosure of current year expenditures is not critical. A comment will be added to the email to make this point.</p><p>FINCOM MEMBERSHIP: It may be agreeable to adjust the bylaw to change the requirements for FINCOM membership. The committee will canvas other communities to determine what other towns are doing. It was discussed that the committee would possibly be reduced from 9 members to 5. </p><p>Next meeting is anticipated to be February 11, 2014 at 6:30 PM.</p><p>Motion made and seconded, meeting adjourned at 7:44 PM.</p>