Budget and Finance Subcommittee

RECEIVED By City Clerk at 9:51 am, 5/23/22 City of Amesbury Office of the City Clerk 62 Friend St. Amesbury, MA 01913 MEETING NOTICE POSTED IN ACCORDANCE WITH THE PROVISIONS OF M.G.L. CHAPTER 30A §§18-25 Version 7.1.10 City Council Budget and Finance Committee Meeting Monday, May 23, 2022 at 7:00 PM City Hall Auditorium Topics for Discussion / Agenda: Roll Call Election of Committee Chair Approval of Budget and Finance Committee Schedule Minutes for Approval: March 22, 2022 Communications & Updates · Monthly Financial Reports · Free Cash Review · Review/Update on Past Actions · Workshop - Other Municipal Finance: Public Comment 2022-058 An Order to transfer $107,000 from Department of Public Works Salaries & Wages to Department of Public Works Other Expenses. -Mayor Sponsor Summary: This order requests a budget transfer in the amount of $107,000.00 from Department of Public Works Salaries & Wages to Department of Public Works Other Expenses to cover overruns in the DPW Repairs & Maintenance Vehicles. 2022-060 An Order to request the City Council vote to authorize the Mayor to enter into five-year or less lease purchase Agreements for the purchase of replacement copiers. -Mayor Sponsor Summary: The City seeks to enter into five-year or less lease purchase agreements for replacement copiers. 1 2022-061 An Order to establish spending limits for departmental revolving funds pursuant to the provisions of M.G.L .c. 44, § 53E1/2. -Mayor Sponsor Summary: This order proposes to establish spending limits for departmental revolving funds pursuant to the provisions of M.G.L. c. 44, § 53E1/2 for the fiscal year beginning July 1, 2022. 2022-063 An Order to authorize a transfer of $179,953.50 from Water Enterprise Retained Earnings to Water Enterprise Operating Budget. Summary: This order requests a budget transfer in the amount of $179,953.50 from Water Enterprise Retained Earnings, which has a balance of $611,870.00 to Water Enterprise Operating Budget. This transfer will be used to cover escalated chemical costs due to global supply chain issues. Alum and Sodium Hydroxide have increased more than 25% over CY 2020 and continue to increase. Sodium Hypochlorite has increased 50% in the same period. Two Carbon Changes were required this year to make up for the change that was missed last year due to supply chain issues. Adjourn Respectfully Submitted by, Ellie Andersen, May 17, 2022 2