Remarks by Tim Reed
113 remarks on the record, newest first · Page 2 of 5
- Play at 2:43:07
“Yeah, I think we're establishing minimums. It doesn't mean we can have more, right? And so, right, then that we're categorizing and establishing a minimum in those categories, so.”
Town Commission · Sep 16, 2026
- Play at 2:43:47
“I had a couple of questions or comments relating to the withdrawal and replenishment part. So I was looking for something that where for any withdrawals that we're doing from the reserve funds for whatever reason, right? that we also part of the process is that we also have to have a vote yes or no on whether those funds would would be replenished and if there's a yes vote then you know the terms of that replenishment would need to be you know codified and Perhaps that's it will be done through a resolution”
Town Commission · Sep 16, 2026
- Play at 2:44:36
“We decide we're going to do, we vote on to pull it out of reserves. At the same time we vote, are we going to replenish those? Do we want to replenish those funds? And if we say yes, then we decide, you know, when and how much, and if we're going to charge ourselves interest or not, just to, you know, so that it's in there and then it's, Because this identity becomes a part of the budget action then.”
Town Commission · Sep 16, 2026
- Play at 2:45:23
“Yeah, I'm sorry If it that would be a resolution that seems I'd be away. Yeah, I can know what we did And then so just just so there's the formality of yes, we decided we're gonna tap reserves Yes, or no, we're not gonna we're gonna pay ourselves back. And if yes What is what is the plan for doing that?”
Town Commission · Sep 16, 2026
- Play at 2:46:34
“So you have the I'm sorry, we have in the draft here, we have you have a total fund balance reserved. AND THEN YOU HAVE AN UNASSIGNED PORTION OF THAT TOTAL BALANCE. AND THEN THERE'S THE EMERGENCY RESERVE. AND THEN A THIRD, A CAPITAL RESERVE. WE DON'T NECESSARILY HAVE TO DO THAT STRUCTURE. WE WOULDN'T NECESSARILY HAVE TO HAVE A CAPITAL RESERVE. OR IS GFOA SAY, YES, YOU HAVE A CAPITAL RESERVE IN YOUR PLAN?”
Town Commission · Sep 16, 2026
- Play at 2:49:11
“CAN WE, THIS IS MAYBE A SUGGEST, MAYBE WE BRING THIS BACK AS A, IN OUR WORKSHOP FOR FURTHER WORKING. I didn't get a chance to see this in the last few days, so that we have the time to give you know, look at what other municipalities do and how that's structured or whatever. But I would suggest maybe perhaps we table it. Thank you for getting this in front of us and getting us on the path. I think it's important that we do this and that we schedule it for our upcoming workshop in October here.”
Town Commission · Sep 16, 2026
- Play at 2:52:36
“Okay. I'll make a motion that we schedule further discussion of the reserve policy at the upcoming October workshop date.”
Town Commission · Sep 16, 2026
- Play at 2:56:55
“Right. So the finance report, page 65 here in the package, so actually 66, where we're talking about the FEMA reimbursement. So we get a very curt, vague update here on the status of that. So I see in the conversation I had with them, or at least emails, Basically, I thought the ball was back in our court to answer questions or whatever, and that was as of a few weeks ago. I'm assuming we've returned that to them, their questions?”
Town Commission · Sep 16, 2026
- Play at 2:58:29
“So it says we have a meeting scheduled with them?”
Town Commission · Sep 16, 2026
- Play at 2:58:52
“So there's not another meeting planned right now?”
Town Commission · Sep 16, 2026
- Play at 2:59:24
“I just don't have that that handy right now, okay, yeah so to continue on then in the Department 22 the fire department on page 73 the stipend doesn't look like it's been used yet is so That's happening next month or it is I”
Town Commission · Sep 16, 2026
- Play at 3:00:05
“YEAH I MEAN I'D LOVE TO SEE THE I MEAN THE SNIPEN IS THERE TO COMPENSATE THE VOLUNTEERS I SURE LIKE TO.”
Town Commission · Sep 16, 2026
- Play at 3:00:15
“IT'S YOU KNOW ONE MORE MONTH IN THE IN THE THE FISCAL YEAR SO. Right down on page 77, in the Fund 122, which is the police ICE Fund there. I guess I was looking at, if my math is correct there, for the dollars in and then the dollars spent there. It looks like we overspent by a grand there. Is that accurate? For the ICE funds? Yeah.”
Town Commission · Sep 16, 2026
- Play at 3:00:58
“I JUST DID THE MATH HERE IN THIS REPORT AND IT SEEMS LIKE IT'S AN OVERSPENDING, WHICH I ONLY BRING UP BECAUSE THE PREVIOUS”
Town Commission · Sep 16, 2026
- Play at 3:01:39
“I don't know that they're, yeah. In Fund 341 down on page 80 and 81, there kind of bleeds across there. So this is the... this is largely basin one, right? Basis is what's in showing here. And again, I'm just doing the math here. I don't believe we're expecting them any more billing from the the contractor i mean they finished in in march right so that's atlantic i think yeah we are actually expecting one more billing from them um it's going to be 449 river uh riverview yeah that shouldn't be coming out of 341 that should be coming out of 141 which is a that's a repair i think that's where it…”
Town Commission · Sep 16, 2026
- Play at 3:02:44
“Right. But I, that's so, yeah, I think that was, that's, that's, that's a repair they're doing there. This was the capital project for basin one. Um, I know we were contractually wise using them since we had a contract with them instead of having to go out to rebid or whatever, so they could allow them to do the work, which is good. And they gave us a good price. and all that, but I think the actual dollars should be coming out of one 41 for, for doing that.”
Town Commission · Sep 16, 2026
- Play at 3:03:14
“But this, this, I think this should, we're talking about the, the, collapsed pipe in that residence yard, I think, on the cul-de-sac at the end of Riverview Lane. I get the name of that road from?”
Town Commission · Sep 16, 2026
- Play at 3:03:29
“All right. Yeah, so it's looking like there's probably we we can expect like 136 000 left in this fund at the end of the year maybe more i don't know that seemed i don't know how that's aligned with what was shown in the budget for carryover 341 you said 341 yeah okay so i'm just looking at the math i'm just looking at the numbers here in the report um so again and then 351 which is right below that on page 81 um So, I mean, there is a carry forward of nine grand and then transfers in of 156. Anyways, so the math here, if I'm doing it correct, it looks like, it's because the only expenditure…”
Town Commission · Sep 16, 2026
- Play at 3:04:33
“Is Rhoads. THE ROADS YEAH I DON'T I DON'T KNOW I'LL HAVE TO GET BACK TO YOU ON THAT ONE YEAH SO I MEAN IT'S LOOKING LIKE WE WERE HAVING WE WOULD POTENTIALLY HAVE LIKE $290,000 LEFT IN THIS FUND AT THE END OF THE YEAR AND AGAIN I DON'T KNOW HOW IF THAT ALIGNS WITH THE CARRY FORWARD YOU WERE SHOWING IN IN THE BUDGET SO I GUESS I'D LIKE TO UNDERSTAND THAT PERHAPS THERE'S MAYBE IT'S JUST I'M LOOKING AT THESE THESE NUMBERS INCORRECTLY UM Yeah, I mean, that's a significant amount, especially when we're going out for bond money to do stuff that we would have funding to do. All right, I'll check that…”
Town Commission · Sep 16, 2026
- Play at 3:06:30
“Talking 24 to 25 for October. We already went through the October at the beginning of the fiscal year.”
Town Commission · Sep 16, 2026
- Play at 3:07:02
“I'll get back to I'll get back to him on it.”
Town Commission · Sep 16, 2026
- Play at 3:07:06
“It's not critical. I mean, the numbers seem to carry us aside when they cut and pasted it into the report or whatever. Yeah. OK, we're scrolled over. OK, whatever.”
Town Commission · Sep 16, 2026
- Play at 25:40
“Sure. So the comment on the updated budget message. So thank you for meeting with me. And the items that we discussed and were in there are captured in there now. So I'm satisfied with that at this point.”
Town Commission · Sep 9, 2026
- Play at 26:16
“So the package that we got for the budget for tonight to 4.6 point that is the same package that we got but last week, that's the same, it's the same budget, same numbers, okay. All right. All right, so for, in addition to the updates we've made in the budget message there, the other part of this, the actual budget aspect of it that I'm interested in seeing is that, so a large part of how A large part of how the 4.6 budget came about is that we're really not funding stormwater. We're funding it at a much less level, right? So we're really not significantly funding stormwater. So that's how...…”
Town Commission · Sep 9, 2026
- Play at 32:41
“Are you asking me, or who are you asking?”
Town Commission · Sep 9, 2026