CITY OF WORCESTER

Finance Committee Meeting

Tuesday, May 8, 2007

Council Chamber

Convened: 4:14 P.M.

Recessed: 6:36 P.M.
Reconvened: 8:59 P.M.
Adjourned: 9:55 P.M.


Mayor
Konstantina B. Lukes

 

www.ci.worcester.ma.us

 

Clerk of the City Council
David J. Rushford

Committee Members

Chairperson Konstantina B Lukes
Councilor Paul P Clancy Jr
Councilor Barbara G Haller
 
Councilor Dennis L Irish
Councilor Philip P Palmieri
Councilor Michael C Perotto
Councilor Joseph M Petty
Councilor Gary Rosen
Councilor Frederick C Rushton
Councilor Joffrey A Smith
Councilor Kathleen M Toomey

City Hall - 455 Main Street Worcester, Massachusetts


Present Were:All members present - Mayor in the Chair
 
Also:City Manager Michael V. O'Brien
Chief Financial Officer John P. Pranckevicius
City Auditor James A. DelSignore
City Clerk David J. Rushford, clerk
 
1.

FY2008 Budget

1a.

Communication of the City Manager recommending City Council's approval of the attached Fiscal Year 2008 Budget.
# 9.30B CM April 24, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

2.

Communications of the City Manager

2a.

Transmitting information communication relative to results of the Hiring Freeze instituted in March 2007 and the subsequent vacant positions.
# 9g CC May 01, 2007

Attachments

Recommend Hold

2b.

Transmitting informational communication relative to the legality and process for the sale of the Green Hill Municipal Golf Course.
# 9h CC May 01, 2007

Attachments

Recommend Hold

2c.

Transmitting informational communication relative to the status of the City's Bond Rating.
# 8.30A CM April 03, 2007


In Committee May 1, 2007 - Held


Attachments

Recommend Hold

2d.

Respectfully requesting City Council's approval to present FY 2008 Solutions to Achieve Structural Balance and Fiscal Stability.
# 10.30A CM March 27, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

2e.

Transmitting informational communication regarding an update on the Fiscal Year 2008 Budget.
#10.30B CM March 06, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

2f.

Regarding a presentation on the status of the Fiscal Year 2007 budget at the Finance Committee meetings on January 23, 2007 and February 27, 2007.
# 5b CC January 23, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

2g.

Transmitting Informational communication regarding the Five-Year Financial Plan for the Worcester Public Schools.
# 9.37A CM November 28, 2006


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3.

Communications of the City Auditor

3a.

James A. DelSignore, City Auditor, transmitting communication relative to a financial analysis of the City's General Fund and Enterprise Funds as of March 31, 2007.
# 9e CC May 01, 2007

Attachments

Recommend Hold

3b.

Transmitting communication relative to March 2007 Auditor's Report.
# 10a CC April 24, 2007


In Committee May 1, 2007- Held

Attachments

Recommend Hold

3c.

ransmitting communication relative to a financial analysis of the City's General Fund and Enterprise Funds as of February 28, 2007.
# 13c CC March 27, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3d.

Transmitting communication relative to February 2007 Auditor's Report.
# 13b CC March 27, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3e.

Transmitting communication relative to a financial analysis of the City's General Fund and Enterprise Funds as of January 31, 2007.
# 12a CC March 06, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3f.

Transmitting communication relative to the schedule of the City's authorized and unissued bonds gross and net of bond anticipation notes as of January 31, 2007.
# 10b CC February 27, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3g.

Transmitting communication relative to January 2007 Auditor's Report.
# 10a CC February 27, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3h.

James A. Delsignore, City Auditor, transmitting communication relative to the December 2006 Auditor's Report.
# 12b CC January 23, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3i.

Transmitting a financial analysis of the City's General Fund and Enterprise Funds as of December 31, 2006.
# 5a CC January 23, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3j.

Transmitting communication relative to the Reports on Federal Award Programs - the City's Single Audit - for the Fiscal Year ended June 30, 2006.
# 11a CC January 16, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3k.

Transmitting communication relative to November 2006 Auditor's Report.
# 12e CC January 02, 2007


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3l.

Transmitting communication relative to the City's fiscal 2006 Management Recommendation Letter.
# 11b CC December 19, 2006


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

3m.

Transmitting communication relative to the City's Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2006.
# 11a CC December 19, 2006


In Committee May 1, 2007 - Held

Attachments

Recommend Hold

4.

Motions

4a.

Councilor Dennis L. Irish - Request City Manager and WPS split 50/50 any additional revenue that comes into the City on the condition that these funds be utilized solely to reduce the teacher/student ratio in the average class room size. Further, request City Manager make recommendations to accomplish this new policy.

Attachments

Motion Perotto - Request to Hold Councilor Irish's Motion until a report on the impact of new policy would be on the Budget. Approved on a roll call 9-2 (Yeas -Clancy, Haller, Palmieri, Perotto, Petty, Rushton, Smith, Toomey, Lukes) (Nays - Irish, Rosen)