Thetford Select Board Meeting


THETFORD SELECTBOARD MINUTES

Emergency Meeting

Sunday August 31, 2003

Present: Mark McMahon, Mary Spata, Sara Ferguson, Rick Barrows, Paul Raymond

Guest: Martha Howard, Town Treasurer

Meeting called to order at 10:10 am.

Martha Howard reported on Friday that the bank notified her that the school accounts were significantly overdrawn. Martha has transferred money to cover the school accounts. ($25,000 on 6/30 and $125,000 on 8/29)

The town does not typically advance money to the school district until October.

Ms. Howard anticipates increasing the line of credit (loc) due to the anticipated flood damage costs and school board needs. (Current loc is $500,000, with $50,000 remaining. Ms. Howard recommends increasing loc by $400,000.

So moved (Barrow/Ferguson) Unanimous.

Motion to approve check warrant #35.1 (town) in the amount of $49,539.12 (Ferguson/Spata) Unanimous.

Motion to approve check warrant #35.2 (highway) in the amount of $31,427.79 (Ferguson/Spata) Unanimous.

Motion to approve check warrant #35.3 (special) in the amount of $5,399.67 (Ferguson/Spata) Unanimous.

Motion to adjourn at 10:51 am (Spata/Ferguson) Unanimous

Last Modified 10/2003 by Bill Weyrick