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to the increase in population; more tax bills and mailings are being sent. There will be an increase in this line item. Separate accounts have been set up in the postage machine. When special Boards come in, their mailing will be sent to the Committee for approval and then metered under their account. Additionally, the cost of postage in general, Certified Mail, etc. has increased.

35. TELEPHONE – 440

$120,000.00 has been allocated; last year it was $113,500.00.

36. FINANCIAL ADMINISTRATION – 130

CFO, Lily Ann Farley said the only change in salaries is that one clerk was added late in the year and this year, this salary has been allocated for the full 12 months. Line 29 regarding Grants has been budgeted for $77,000.00. Committeeman Krakower said he hoped that before the end of the year, an individual, rather than a firm, would do grant research.

37. AUDIT SERVICES – 135 Mr. Thompson said this account would remain the same.

38. PUBLIC EMPLOYEES RETIREMENT- 371 Length of years discussed.

39. POLICE AND FIRE RETIREMENT SYSTEM – 475 Length of years discussed.

40. PAYMENT OF BOND PRINCIPAL – 920

Committeeman Krakower suggested that with the reduction in interest rates recently that the CFO tries to obtain a reduction in our Bond Rates. The Board of Education was able to save $500,000.00 doing this.

41. PAYMENT OF NOTES – 925

42. BOND INTEREST – 930

43. NOTE INTEREST – 935

44. DEFERRED CHARGES – 875

Administrator Thompson noted a typographical error under this account, which would be corrected. Lily Ann Farley said she would like to also add $640.00 for an outstanding matter that came to her attention today; she said it is for a bill for a doctor from 1999. Additionally, in the amount of $280, transportation had been left off.

47. MAINTENANCE OF TAXES – 187

Administrator Thompson said that the Budget for the Maintenance of Tax Maps, by CME Associates, would remain the same as last year.

48. PLANNING/ZONING BOARD – 183

Seeing Mr. Megill was not yet present, Mrs. Eden pointed out that this was scheduled to be reviewed at 9:30 p.m. that the meeting was running ahead of schedule. Mayor Grisanti asked if anyone had any questions regarding this account to which discussion turned to the proposed appointment of an Administrative Secretary for the Planning Board, a position that is not uncommon in other municipalities. In light of the questions the Board had, this particular line item will be reviewed at the next Workshop on Saturday, April 7. Committeeman Krakower directed Mr. Thompson to contact Mark Troncone, Esq. and CME Associate for more information regarding this. Upon Mr. Megill's arrival, the Committee inquired at to his request