WINDHAM SOLID WASTE MANAGEMENT DISTRICT (WSWMD)
BRATTLEBORO, VERMONT
FINANCE COMMITTEE MEETING
MINUTES OF NOVEMBER 14, 2019
COMMITTEE MEMBERS PRESENT: Merrill Mundell, Chair, Wilmington; Patrick Moreland, Brattleboro; and Russ Hodgkins, Westminster
COMMITTEE MEMBERS ABSENT:James Damato, Readsboro
WSWMD STAFF PRESENT: Bob Spencer, Executive Director
OTHERS PRESENT: Michelle Cherrier, Dummerston
Mr. Mundell called meeting to order at 6:10 p.m.
Changes and/or Additions to Agenda: none
Discussion and Review of FY 21 Budget –Discussed the draft FY 21 budget proposal dated 10/16, including assumptions, expenses, and revenue sources.
Spencer said that the owner of the solar array, Greenbacker Capital, hired David Mann Survey to confirm the acreage of the solar array, something Sky Solar had not done, and determined that there is almost 4 additional acres of solar panels. In accordance with the solar lease, at $4,600 per acre, per year, that will increase the lease payments by $18,290 per year, for a total of $120,290. The finance committee decided to add that amount to the budget revenue, and that amount to capital reserve expenditure.
Voted unanimously to recommend the Board of Supervisors approve the 10/16 budget proposal with the two modifications.
Executive Session (if needed): none
Other Business as Legally Allowed: none
Adjournment: 6:40 p.m.
-Minutes by Bob Spencer