Thursday, October 2, 2008

Live reporting - Financial Planning Committee 10/2/08

Attending: Jim Roche, Roberta Trahan, Steve Whalen, Doug Hardesty, Jeff Nutting, Wayne Ogden, Miriam Goodman, Mike D'Angelo, Brutus Cantoreggi, Gwynne Wilschek,

Not Attending: Shannon Zollo, Matt Kelly,

Roche - let's publish an agenda prior to meeting, Steve has been good getting the meeting reminders out. We need to figure out a timeline to determine our financial model, build some assumptions, we are not here to arrive at the right number, we need to determine and understand the cost drivers, set the assumptions for the model.

Whaelen - without assuming we will go for an override, if there is one needed, we are going to need to start earlier, the work product will need to be good, explanable, etc.

Roche - next three months, build the model, start telling our story, circulate it for feedback

Bartlett - the Council will need to prepare in February that if no money is coming across, we are going to need to make some hard decisions

Nutting - the Town budget will need to come together, it likely will come out in the same time frame, one driver will be the School budget

Let's start - DPW will go first

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