TOWN COUNCIL
BOARD OF FINANCE
BOARD OF EDUCATION
SPECIAL MEETING MINUTES
March 22, 2012
I. CALL TO ORDER
The meeting was called to order at 7:30 p.m. at the Avon High School, Community Room by Acting Chairman Evans. Members present: Mrs. Samul, Messrs: May and Pena. Mr. Evans reported that Mr. Zacchio will be attending this meeting very shortly.
Mr. Evans recommended that Item II on the agenda regarding Communications from Audience be moved to Item V. Questions/Answers because there would be an opportunity to ask questions after the presentations.
On a motion made by Mr. Pena, seconded by Mrs. Samul, it was voted:
RESOLVED: That the Town Council approve an amendment to the Agenda to provide for Communication from Audience after the presentations.
Mrs. Samul, Messrs: Evans, May and Pena voted in favor.
Board of Finance members present: Mmes Durdan and Bratton, Messrs: Harrison - Chairman, Gugliotti, Speich, Hamilton and Stoll.
Board of Education members present: Mmes. Roell - Chairperson, Zirolli, Shea and Howard, and Messrs: Stokesbury, Spivak, and Bernetich. Members absent: Messrs. Lowry and Glenn.
III. COMMUNICATION FROM COUNCIL – None
IV. NEW BUSINESS
11/12-62 Review of Fund Account – Power Point - attached slides 3, 4, 5 and 6 made part of these minutes. The Town Manager presented and discussed the various funds used to account for the Town resources.
Mr. Zacchio attended the meeting and assumed the Chairmanship.
11/12-63 Revolving Account and Gross/Net Budgeting – Power Point – attached slides 7, 8, 9, 10, 11, 12 and 13 made part of these minutes.
The Superintendent of Schools distributed a copy of Accounting Change – which is attached and made part of these minutes.
11/12-64 Health Insurance Renewal FY 13
The Town Manager reported that both the Town and Board of Education budgets reflect consultant’s recommended increase of 8.5% for health insurance cost.
V. QUESTIONS/ANSWERS
Ms. Flo Stahl questioned where does surplus funds go i.e. pension, high school boiler or any capital projects that have funds left over after the completion of the project? The Town Manager responded those funds are swept into the General Fund.
Ms. Stahl questioned the proposed $1,400,000 increase in the Board of Education budget what portion of that increase is discretionary and what portion is non-discretionary? The Superintendent of Schools responded that approximately 94% is non-discretionary.
VI. ADJOURN
The meeting was adjourned at 9:00 p.m.
Attest:
Caroline B. LaMonica
Clerk
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