HomeMy Public PortalAbout02-26-2013 BFO committee report_201303041025380897Town of Watertown
Committee of the Budget & Fiscal Oversight
Meeting: February 25, 2013
Report: February 26, 2013
The Committee convened at 7 pm on Monday, February 25, 2013 in the 3rd Floor Louis
Andrews Conference Room. Present at the meeting were Vincent Piccirilli, chair; Angeline
Kounelis, vice -chair; Cecilia Lenk, secretary; Town Manager Michael Driscoll; Town Auditor
Thomas Tracy; Treasurer/Collector Phyllis Marshall; Director of Community Development &
Planning Steven Magoon; Director of School Business Services Jack Loughran; and Director of
School Facilities Jay Francione. The purpose of the meetings was to review the Town's
FY2014-FY2018 Capital Improvement Program (CIP).
At the March 26 Town Council meeting, the Committee will present a full report of the
meetings held on February 11, February 25 and March 4. However, one school -related issue
was discussed on February 25th that is time sensitive and is thus being reported on tonight.
On page 4 of the CIP submitted the Town Manager, under the heading Fiscal Year 2013
Transfer of Funds, it states that the intention was to have the Town Council transfer funds from
previously appropriated monies to purchase the flooring system for high school graduation at
Victory Field.
There is currently a $42,433 balance remaining from the $3,000,000 in capital funds previously
appropriated for the Victory Field project. The cost of the flooring system is $25,000. Because
there is a 60 day lead time for the product, the Manager felt it prudent to order it by March 1st
to insure it is ready in time for the June 7, 2013 graduation.
Councilor Lenk moved that the Committee make a conceptual recommendation to the Town
Council to transfer a portion of the leftover Victory Field capital project funds to purchase the
Victory Field flooring system. The Committee voted 2 to 1 with Councilor Kounelis voting no.
Councilor Kounelis stated that the need for the flooring system was something that should have
been presented as an additional cost before the Victory Field project was presented to the Town
Council for approval, and that the fundraising effort was disappointing.
The meeting continued with other topics and adjourned at 9:05 pm.
Prepared by Vincent Piccirilli