← Appropriations & Oversight Committee · 2015-08-24 · Appropriations and Oversight Committee Meeting
ORDER-2016-18 : Amending Something Previously Adopted Order No. 2015-154 - City of Melrose Operating Budget for Fiscal Year 2016 be amended by striking the sum of "$72,485,826.66" and inserting in place thereof: "$72,435,826.66 as set forth in the attached document.
Agenda original PDF
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ORDER-2016-18 Amending Something Previously Adopted Amending Something Previously Adopted Order No. 2015-154 - City of Melrose Operating Budget for Fiscal Year 2016 be amended by striking the sum of "$72,485,826.66" and inserting in place thereof: "$72,435,826.66 as set forth in the attached document. Recommend Passage Board of Aldermen
Transcript
▶ 15:33 Peter D. Mortimer: We have a motion to close public participation by Alderman Forbes, duly seconded by Alderman Boycelle. All in favor, please say aye. Aye. Any opposed, hearing none, public participation is now closed. The first order we have before us is order 2016-18. It is amending something previously adopted. Order 2015-154, City of Melrose Operating Budget for fiscal year 2016, to be amended by striking the sum of $72,485,826.66 and inserting in place thereof $72,435,826.66 as set forth in the attached document. I would welcome a motion to suspend the rules because we have our chief financial officer, our city auditor, Patrick De La Russo, in the room with us. So moved. Second. We have a motion to suspend the rules from Alderman Forbes, duly seconded by Alderman Byrd. All in favor, please say aye. Aye. Any opposed, hearing none, the motion to suspend the rules passes. And I would invite you, Mr. DellaRusso, to please join us.
▶ 17:00 Speaker 11: Good evening, sir. Thank you, good evening.
▶ 17:04 Speaker 11: The request that we're asking this evening under order number 2016-18 is to actually reduce projected debt interest by $50,000 for upcoming fiscal year 16 and the central
▶ 17:20 Speaker 11: focus is that that's $50,000 that was applicable to the funding for the cemetery capital improvements they have asked that we modify the financing plan from the four years that they had hoped to achieve this past year back to the the original five year program, so that's all this is, it's period.
▶ 17:46 Peter D. Mortimer: Thank you sir, and just for the people at home, Mr. De La Russo has been joined by Mr. Arthur Flavin, our city treasurer, sitting to Mr. De La Russo's right. First in queue, I saw President Kahn's hand. President Kahn, please.
▶ 18:02 Speaker 12: Yeah, Mr. Chairman, this motion order requires us to cut budget 752 projected debt and temporary interest and we need to reduce line 017522 by $50,000. So that the new line would be $233,912.33 and I would move that please.
▶ 18:29 Peter D. Mortimer: President Khan has aptly and correctly pointed out the line item in our budget from which the reduction would be taken. And he has made a motion that this order be recommended for passage. Second. That motion was duly seconded by Alderman Boycelle. On discussion? Seeing none, all in favor of the motion to recommend this order for passage, please say aye. Aye. Any opposed? Hearing none, this order will be recommended for passage at our next full bid board meeting at the Monday meeting in September.