HomeMy WebLinkAbout2018-03-19 Finance Committee Minutes
FINANCE COMMITTEE MINUTES
March 19, 2018
(Immediately Following Government Operations Committee)
Councilors in Attendance: Tremble, Sprague, Nichols, Graham, Weston, Nealley
School Committee Members in Attendance: Hawes
Staff in Attendance: Cyr, Conlow, Wardwell, Little, Webb, Kochis
1. Bids/Purchasing
a. Request to Extend Contract with New England Salt for FY 19 Rock Salt
Staff reviewed the offer from its current supplier to extend the current price for rock salt for
FY 2019. The supplier price is very competitive when compared to what other entities are
paying. New England Salt is the nearest vendor providing this product.
Motion was and made seconded to recommend extension of the contract to the City Council,
motion passed unanimously.
2. Presentation of FY 17 Audit – Runyon Kersteen & Ouellette
Representatives of the City’s Independent Auditors provided an overview of the result of FY
2017 to the Finance Committee. The overview consisted of a review of the types of reports
issued; financial statements, Federal and State reports as well as the letter of
recommendations. They reviewed their presentation of the City’s general fund balance
sheet and income statement and addressed questions from the Committee. A complete
copy of the presentation as well as all the reports reviewed are available on the City’s
website. The reports can be accessed via the Finance Department page. In addition, the
reports are available on the City’s public document portal.
An order to accept the annual financial report will be presented at the next Council meeting.
Meeting adjourned 6:42 pm