East Windsor Board of Finance
Minutes of Regular Meeting of October 15, 2008
Chairman DeSousa called the meeting to order at 7:30 p.m. in the Town Hall Conference Room.
Present: Chairman DeSousa and Finance Board Members Bowsza, Floyd, Kubick, Little, Mannette and First Selectman Menard. Absent: Alternates Pippin and Szemanski
APPOINTMENT OF ALTERNATES
None
PUBLIC PARTICIPATION
Upon motion by Mr. Mannette, seconded by Mr. Bowsza, it was unanimously
VOTED: To move Public Participation to the No. 2 place on the agenda from here on.
PREVIOUS MINUTES
Regular Meeting – September 18, 2008
Mr. Bowsza moved, and Mr. Mannette seconded a
MOTION: To approve the minutes of September 18, 2008, as presented.
Voting for the motion: Bowsza, Floyd, Little, Mannette,
Abstaining: Kubick
The motion passed.
COMMUNICATIONS
Legal Bills
Information distributed
B. State of Connecticut General Assembly Letter
Chairwoman DeSousa presented a letter which assured towns that the legislature would extend public housing Pilot funds to 2009.
C. Audit Meeting - E-mail Update
Distributed
D. Annual Report Procedures
Ms. DeSousa presented an E-mail from Selectwoman Menard in which she stated that Judith Rajala is waiting for the material so she can get started . She said that all information should be in to Ms. Rajala in a short time. Ms. DeSousa presented annual report procedures and timelines.
E. Town Treasurer Position Job Description and Posting
The job description was presented.
F. Foreclosure Sale - Wells Road
The Wells Road property now belongs to the Town.
TREASURER’S REPORT
A report from Linda Sivitsky was presented. She reported that the audit is scheduled to start November 3. Mr. Mannette asked if in November, the Board could include a discussion regarding unassigned balance.
Upon motion by Mr. Bowsza, seconded by Ms. Kubick, it was unanimously
VOTED: To put this item on the November agenda.
MONTHLY REPORT
None
OLD BUSINESS
Warehouse Point Fire District – Proposed Replacement of Engine 238 Financial Options
Chris Caruolo from Webster Bank presented options to consider in purchasing a new engine truck. She explained the mill rate impact of a five year serial note and a 10 year serial note. With the economy the way it is, the Board should be aware that the fire truck companies could
become unstable. Ms. Caruolo commented that the Board could borrow the money before it needs to be spent. Ms. Caruolo left the meeting.
The Board agreed that it has received all the information it needed to make a decision on purchasing the engine.
Mr. Mannette was concerned that this would have an effect on the mill rate. Some townspeople have asked him not raise the debt. He'd like to wait to see how the economy does. Mr. Little wants to wait. Chairwoman DeSousa said that if businesses begin to close up in East Windsor we could have trouble paying for the engine. Selectwoman Menard stated that the current engine is unfit and should something happen while it was moving the Town would be liable. The Board discussed the cost now and what it could be later. The exact bonding amount will be calculated for the Town Meeting based on current banking trends.
Mr. Bowsza moved, and Ms. Kubick seconded, a
MOTION: To put forth to town meeting the principal cost of $641,000 in appropriations for the replacement vehicle for the Warehouse Point Fire Department under a five year plan. The interest would be $96,500. zThe interest was calculated at 5% subject to market trend.
Voting for the motion: Bowsza, Floyd, Kubick
Opposing: Little, Mannette
The motion passed.
Mr. Dean Saucier from the Fire Commission said that he would like to work with the person putting the facts together for the vote. Ms. DeSousa told him to bring his PowerPoint presentation and all handouts that he has.
Ms. Sivitsky will be at the next Board of Finance meeting.
B. Explanation of the CNR Account
A clarification will be presented at next months Board meeting.
C. Annual Report for FY 2007-2008 Update
Ms. Judith Rajala will type set the report then it will be edited. More than 500 will be ordered.
D. Discussion of Financial Disclosures from all Town Agencies Requesting Funding from the Town
The Board discussed financial statements for those agencies that aren't required to do an audit. The board discussed whether it will expect financial statements from every town agencies. The Board will not entertain a request for money until the Board receives a financial statement.
E. Compensation Time Liability
Ms. Menard is working on this and will have a report at the next Board meeting.
VII. NEW BUSINESS
A. Budget 2009-2010 Process Discussion
The joint Board of Finance/Board of Selectmen joint meeting will be held at 7:00 p.m. on November 19, at the Town Hall Conference Room. The
Board would like to see a 10 year history of grand lists and mill rates and another page comparing East Windsor with other towns.
VIII. RECOMMENDATIONS FROM THE BOARD OF SELECTMEN
None
IX. PUBLIC PARTICIPATION
None
X. ADJOURN
Upon motion by Mr. Floyd, seconded by Mr. Mannette, it was unanimously
VOTED: To adjourn at 9:04 p.m.
Respectfully submitted,
Linda Nolan
Recording Secretary
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