Parashar Patel

“Mr. Patel”

“Mr. Patel provided a brief introduction regarding the nature of the meeting”

“Mr. Patel called the meeting to order at 7:00pm.”

“Chair Patel began the discussion with a chart of topics and status of progress. He invited suggestions for improvements for the Committee to consider for future years.”

“Mr. Patel called the meeting to order at 7:01 p.m.”

“Mr. Patel informed the Committee that this Article has been withdrawn.”

“Mr. Patel suggested he share his questions, comments, and thoughts with the Town Manager.”

“Mr. Patel explained that the School Committee is not going to meet our guideline number (roughly $125K difference).”

“Mr. Patel adjourned the meeting at 9:33 p.m.”

“Mr. Patel reviewed his cover letter.”

“Mr. Patel encouraged the CPC to engage in joint long-term planning with the Town and the Schools.”

“Mr. Patel seconded”

“Mr. Patel called the meeting to order at 7:02 p.m. with a brief presentation of the budget/guidelines process used by the Finance Committee.”

“Mr. Patel called the meeting to order at 9:13 p.m.”

“Mr. Patel adjourned the meeting at 9:41pm.”

“Mr. Patel called the meeting to order at 9:45pm.”

“Mr. Patel called the meeting to order at 9:45pm.”

“Mr. Patel called the meeting to order at 9:45pm.”

“Mr. Patel called the meeting to order at 9:45pm.”

“Call to Order of the Finance Committee Meeting at 7:00 pm by Parashar Patel, Chair.”

“Mr. Patel gave a brief overview of the three public hearings this month.”

“Mr. Patel began the discussion on this Article”

“Mr. Patel asked with $2 million, how many FTEs did we end up hiring?”

“Mr. Patel asked about the Facility Study and the plan for taking the recommendations there and developing a true 10-year Capital Plan that includes Tier One, Two and Three for the CPS.”

“Mr. Patel motioned to close the meeting”

“Mr. Patel asked how the risks discussed over the past several months have been addressed and mitigated.”

“Mr. Patel asked at what point those items go onto the 10-year plan.”

“Mr. Patel asked with $2 million, how many FTEs did we end up hiring?”

“Mr. Patel asked if you are not required to do what?”

“Mr. Patel closed the meeting at 10:00 p.m.”

“Mr. Patel”

“Mr. Patel”

“Mr. Patel appreciated the drop from $900,000 thousand to $446,00 thousand. Mr. Patel asked for clarification for the $156,000 in the original because the comment implies that it was the study itself.”

“Mr. Patel appreciated the drop from $900,000 thousand to $446,00 thousand. Mr. Patel asked for clarification for the $156,000 in the original because the comment implies that it was the study itself.”

“Mr. Patel gave an overview of the conversation he had with Ms. Mudge.”

“Mr. Patel asked, "what were the biggest changes that brought you within the guidelines"”

“Mr. Patel asked, "what were the biggest changes that brought you within the guidelines"”

“Mr. Patel adjourned the meeting at 8:58pm.”

“Mr. Patel gave an overview of topics to be discussed at the meeting.”

“Mr. Patel gave an overview of topics to be discussed at the meeting.”

“Call to Order ... by Parashar Patel, Concord Chair”

“Call to Order of the Finance Committee Meeting at 7:00 pm by Parashar Patel, Chair.”

“Mr. Patel gave an overview of topics discussed at the meeting.”

“Mr. Patel mentioned that there are 53 Articles on this year's Warrant and scheduled to start on Monday, April 29th”

“Mr. Patel adjourned the meeting at 9:05pm.”

“Mr. Patel provided comments to Vice Chair Dahlberg”

“Mr. Patel adjourned the meeting”

“Mr. Patel stated that the Finance Committee can provide that.”

“Mr. Patel adjourned the meeting at 9:10pm.”

“Mr. Patel will have an update on the Capital Plan on Monday the 27th.”

“Mr. Patel called the meeting to order at 7:00pm”

“Mr. Patel adjourned the meeting at 9:02pm”

“Mr. Patel”

“Mr. Patel”

“Mr. Patel indicated that this would be a good question for the capital planning meeting”

“Mr. Patel indicated that this would be a good question for the capital planning meeting”

“Mr. Patel indicated that this would be a good question for the capital planning meeting”

“Mr. Patel indicated that this would be a good question for the capital planning meeting”

“Mr. Patel mentioned that we do not have a firm estimate of levy capacity or revenue”

“Mr. Patel opened the discussion by raising a concept to combine three operating budgets into one Town Meeting Article.”

“Mr. Patel called the meeting to order at 7:00pm”

“Mr. Patel requested support from other Finance Committee members to send a formal letter asking the School Committees for an update on FY23 and FY24 year-end reports.”

“Mr. Patel reviewed the Finance Committee calendar.”

“Mr. Patel”

“Mr. Patel”

“Mr. Patel announced the meeting adjourned at 9:10pm”

“Mr. Patel called the meeting to order at 7:06pm”

“Mr. Patel informed the Finance Committee members of current activities being undertaken by other Committees.”

“Mr. Patel announced the meeting was adjourned at 9:02 pm.”

“Mr. Patel”

“Mr. Patel called the meeting to order at 7:00pm”

“Mr. Patel suggested putting Mr. Daly’s PowerPoint presentation of the Finance Committee Website.”

“Mr. Patel provided additional information on the workplan. Would like to get the Deliverable/Objectives approved.”

“Mr. Patel provided additional information on follow-up items.”

“Mr. Patel provided additional information on follow-up items.”

“Mr. Patel provided additional information on follow-up items.”

“Mr. Patel noted that Hilltop is coming to review the Town's financial position.”

“Mr. Patel adjourned the meeting at 9:25 pm”

“Mr. Patel reviewed follow-up items as follows: check on the Town Website and make sure things go out automatically; send a letter to the planning board plus other committees that we talked about.”

“Mr. Patel called the Finance Committee meeting to order”

“A letter from the Finance Committee to the schools supporting this approach will be sent by Mr. Patel.”

“Mr. Patel provided additional information on follow-up items.”

“Mr. Patel specifically commented on the proposed Baker Avenue apartment project”

“Mr. Patel specifically commented on the proposed Baker Avenue apartment project”

“Mr. Patel”

“Mr. Patel adjourned the meeting at 9:58pm.”

“Mr. Patel called the meeting to order at 7:00pm”

“Mr. Patel talked about the draft Communications Cadence”

“Mr. Patel circulated the updated calendar highlighting a joint meeting with the schools July 20th”

“Mr. Patel gave an overview on the Work Plan 2023/24.”

“Mr. Patel”

“Mr. Patel”

“Mr. Patel announced meeting was adjourned at 9:32 pm.”

“Mr. Patel proposed a capital plan primer on how the process works.”

“Mr. Patel proposed a capital plan primer on how the process works.”

“Mr. Patel noted that the Letter to the editor did not receive any feedback.”

“Mr. Patel”

“Slate of nominations include Parashar Patel – Chair, Eric Dahlberg – Vice Chair, Lois Wasoff – Guidelines Chair, and Lyndsey Lis - Guidelines Vice Chair, Dee Ortner as Clerk and Don Kupka – Vice Clerk.”

“Mr. PateI provided a quick summary of the reports from the various committees.”

“Mr. Patel seconded the motion”

“Mr. Patel had a couple of questions and concerns”

“Parashar Patel - Chair”

“Parashar Patel: no”

“acting as Chair, called roll as noted”

“seconded by Parashar Patel”

“Parashar Patel amended the motion to a lower amount”

“Mr. Patel started the meeting at 7pm and provided a summary of the agenda for the public hearing”

“Mr. Patel wanted to understand if the estimated fixed cost debt service included CPS debt?”

“Mr. Patel asked if using an independent advisor is new for the Town and wanted clarity on how associated fees would be accounted for going forward.”

“Mr. Patel asked if any other Towns or the State will contribute to funding.”

“Mr. Patel asked how much of the $600K requested would be spent in FY24.”

“Mr. Patel opened the meeting at 9:57. He proposed that the Committee do a combined vote on all the articles”

“Mr. Patel opened the meeting at 9:57. He proposed that the Committee do a combined vote on all the articles”

“Mr. Patel volunteered to take minutes for this meeting.”

“Mr. Patel will chair the Finance Committee hearing on March 1st”

“Ms. Briggs indicated that Mr. Patel will chair the March 1st hearing because she will not be available.”

“Mr. Patel indicated that he was disappointed at what we heard. While we received historical and comparative data, he does not understand what CPS plans to do to reduce future cost growth, estimated now to be about 4% per year over the next five years.”

“The Finance Committee Guidelines Chair, Parashar Patel, noted a desire to clarify the future rate of CPS cost growth and cost offsets.”

“The Finance Committee Guidelines Chair, Parashar Patel, noted a desire to clarify the future rate of CPS cost growth and cost offsets.”

“Mr. Patel noted that Minuteman Tech has reported a surplus from rental of their facilities.”

“Mr. Patel made a motion to adjourn”

“Mr. Patel reported that there is still a gap between the current CPS budget and the Guidelines.”

“Parashar will be doing the Finance Committee presentation on Article 5 at STM.”

“Mr. Patel mentioned that an update and corrections to the numbers discussed at the November 17th meeting had been distributed to all FinCom members over the past weekend.”

“Mr. Patel mentioned that an update and corrections to the numbers discussed at the November 17th meeting had been distributed to all FinCom members over the past weekend.”

“Mr. Patel mentioned that an update and corrections to the numbers discussed at the November 17th meeting had been distributed to all FinCom members over the past weekend.”

“Mr. Patel mentioned that an update and corrections to the numbers discussed at the November 17th meeting had been distributed to all FinCom members over the past weekend.”

“Parashar Patel made a motion to adjourn the public hearing”

“Seconded by Parashar Patel.”

“Parashar Patel provided a preview of the guideline discussion that he expects to happen at the Monday, November 21st meeting.”

“Parashar Patel also welcomed Dr. Dawson and asked for an update on Minuteman's plan to rent out facilities for community events.”

“Parashar Patel made a motion to recommend affirmative action on Article 5: Concord Middle School Building Project.”

“Parashar Patel stated that he intends to vote in favor of affirmative action on the article, acknowledging that he is sympathetic to the tax impact.”

“Parashar Patel asked how one of the example towns in the building committee's presentation, Westwood, was able to rely on ARPA funds.”

“Mr. Patel requested that when the Town next presents on this topic it provide a schedule of how much should be put away to cover anticipated needs in this area.”

“Mr. Patel noted that an Excel file showing various scenarios for the guidelines will be circulated before the next meeting.”

“Mr. Patel noted that there is probably a smaller percentage of owner-occupied houses in the lower income brackets, meaning that the tax impact might not be directly on those households, but indirectly through possibly increases in rents imposed by the landlords paying the property taxes.”

“Parashar reviewed Preliminary Budget Guidelines numbers that had already been set.”

“Lois will lead the task of writing the Finance Committee Report for STM with help from Parashar, Peggy, Christine, Amrith, and Bob.”

“Lois will lead the task of writing the Finance Committee Report for STM with help from Parashar, Peggy, Christine, Amrith, and Bob.”

“Lois will lead the task of writing the Finance Committee Report for STM with help from Parashar, Peggy, Christine, Amrith, and Bob.”

“Parashar suggested a simple presentation of 3 choices: original design with smaller gym & auditorium at today's costs, current design at $108.7M, what changes would be needed to build the school for $102.8M.”

“Mr. Patel felt that because the project had been withdrawn, he's not sure why the Finance Committee should be asked for our opinion. However if the project were to be revived, he would oppose any additional funding from the town given that Grantham has continuously asked for additional funding after assuring the town that they would not ask for additional funding.”

“Mr. Patel asked whether the building committee was operating under the understanding from an earlier meeting”

“Mr Patel presented the Sustainable Growth Rate”

“Mr Patel, co-FinCom observer to the Building Committee, noted that two or three approaches may be required.”

“Mr. Parashar Patel made a motion to adjourn the meeting”

“Parashar Patel called the meeting to order”

“Mr. Patel noted that there were several new members attending their first meeting. At his suggestion, each member of the committee introduced themselves.”

“Mr. Parashar presented.”

“Mr. Patel agreed to discuss that with Ms. Briggs.”

“Parashar Patel called the meeting to order”

“Mr. Patel noted that there were several new members attending their first meeting. At his suggestion, each member of the committee introduced themselves.”

“Mr. Patel agreed to discuss that with Ms. Briggs.”

“Mr. Parashar presented.”

“Mr. Patel reviewed a slide presentation about the CPS FY 2023 Budget, the remaining gap from the Finance Committee's budget guideline and the Finance Committee's desire to understand why the guideline could not be met.”

“Mr. Patel reviewed a slide presentation about Concord Public Schools (CPS) FY 2023 Budget.”

“Mr. Patel reviewed a slide presentation about Concord Public Schools (CPS) FY 2023 Budget.”

“Mr. Patel made a MOTION”

“Parashar Patel noted that he plans to come to the next Finance Committee meeting, scheduled for April 24th, with amendment language for committee review and discussion.”

“Parashar Patel noted that he plans to come to the next Finance Committee meeting, scheduled for April 24th, with amendment language for committee review and discussion.”

“Parashar Patel noted that he plans to come to the next Finance Committee meeting, scheduled for April 24th, with amendment language for committee review and discussion.”

“Parashar Patel acknowledged the work of the School Committee and administration in preparing the budget, but stated that it would be helpful to hear from them on trade-offs they have identified that would allow them to meet the guideline, especially given expected budget increases in the future.”

“MOTION to adjourn made by Parashar Patel.”

“Parashar Patel acknowledged that this is a valid point and suggested that Amrith contact the Superintendent of Schools to understand the specifics of the plans for internet at the proposed new Middle School.”

“Motion made by Mr. Patel”

“Patel; Yes”

“Parashar Patel made a MOTION to approve”

“Second by Parashar Patel.”

“Parashar Patel made a MOTION”

“Mr. Patel updated Fin Com on Guidelines including some discussion of 5-year projections with Schools and Town.”

“Mr. Patel made a MOTION that Fin Com approve transfer of $150K to Line 6, $40 K to line 16 totaling $190K from Line 12”

“Mr. Patel became the FinCom liaison. He was also involved in the recommendation as outlined below.”

“Mr. Patel confirmed.”

“Mr. Patel presented a graph comparing Concord's average tax bill as a percentage of per capita income with that of area communities.”

“Mr. Patel expressed concern that we are dipping into our reserves and/or year-end surplus funds to fund operating costs”

“Mr. Patel expressed concern that we are dipping into our reserves and/or year-end surplus funds to fund operating costs”

“Mr. Patel noted that the $5.4 million balance in free cash is not available to be spent—5% is the minimum that must be retained by the Town.”

“Mr. Patel urged the MSBC and School Committee to develop a real needs assessment”

“Mr. Patel urged the MSBC and School Committee to develop a real needs assessment”

“Mr. Patel reported that he will review the proposed zoning amendments to see if there is any financial impact.”

“Mr. Patel noted that a lot has been different under COVID, with some costs up and savings elsewhere. He feels that saving unused funds for future capital needs is warranted.”

“Mr. Patel”

“Mr. Patel inquired about projected enrollment for the lifespan of the building (50 years).”

“second by Mr. Patel”

“seconded by Parashar Patel”

“Ms. Hartman will work with Mr. Patel to finalize language on the slide that summarizes the Sub-Committee's findings”

“Parashar Patel shared a preliminary timeline for the Sub-Committee to prepare its presentation”

“Mr. Patel will chair on November 9, 2020”

“motion made by Parashar Partel”

“Parashar Patel led a detailed presentation of an outline he had prepared with preliminary additions and edits by Kerry Lafleur.”

“Mr. Patel expressed a desire to see a comparison with similar towns.”

“Mr. Patel concurred with Ms. Reynolds' concerns”

“Mr. Patel suggested that we are apt to see another round of federal funding assistance. He supports using the existing CARES Act funding to offset FY21 expenses, which would result in $400,000 less to raise in taxes.”

“The following MOTION was made by Mr. Patel”

“Mr. Patel commented that if the intent is to show the projected tax burden on residents, does it make sense to show the property tax levy, and not include other revenue sources?”

“Mr. Patel asked whether an agreement has already been reached with the developer.”

“Mr. Patel suggested that the wording include something along the following: "At this time we anticipate having a meeting in October and request that you provide your best estimates at that time. We understand that the situation is fluid in these unusual times and circumstances."”

“Mr. Patel asked whether we should be looking at projected CPI numbers.”

“Mr. Patel”