Board of Finance
North Stonington CT Town Hall
Minutes of Regular Meeting
April 25, 2007
Call to Order: Vice Chairman Southwick called the meeting to order at
8:02 p.m. Members Borden, Marsh, Pavlovics and Woodward were present.
Chairman Gumprecht was absent.
Public Coments and Questions: None
Minutes The April 18, 2007 regular meeting minutes, as amended, were
approved 5-0. Marsh moved to approve, Pavlovics seconded.
Reviews
Discussed Board of Education conceptual proposal to transfer
certain fiscal 7-01- 07 expenditures to fiscal 7-01-06. First
Selectman Mullane, in audience, was requested to discuss with Town
Attorney Frank Eppinger and report back.
School Building Project was discussed. Mullane was requested to
ask Bond Counsel what the interest rate might be on a $40 million
bond over 20 years. The Board of Finance will also review with
auditor town bonding limits.
Board of Education fiscal 7-01-07 budget was reviewed.
Board of Selectmen Financial Statement for fiscal 7-01-06 was
reviewed.
Tabled
Tax collector's report.
$500,000-$600,000 Little League funding.
Budget hearing presentation and equipment use.
Estimate of 6-30-07 surplus.
Town Report.
Correspondence:
Governor Rell's 4-18-07 letter citing the advantages of the
Governor's proposed budget and its effect on municipal budgets.
North Stonington Assessor's memo of April 23, 2007 on gross
assessments and net assessments as of 10/01./04, 10/01/05 and
10/01/06.
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Outstanding Action Items:
Mullane to clarify nomenclature on fiscal 7-01-07 line item BB
29.
Mullane to report on Homeland Security Grant expenditures.
Marsh to conclude review of legal expenses.
Southwick to report on audit status.
Mullane/Eppinger to report on BoE fiscal transfer 7-01-07 to
7-01-06 proposal.
School Building Project--BoF possible presentation at annual
budget hearing.
Next Meeting: May 2, 2007 at town Hall at 8:00 p.m.
Adjournment: At 11:00 p.m. the meeting was adjourned on a motion by
Borden, seconded by Marsh and approved 5-0.
Respectfully submitted,
Bradford P. Borden
Acting Secretary
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