North Stonington Board of Finance
New Town Hall
Minutes of Regular Meeting, May 23, 2007
Call to Order: Vice Chairman Southwick called the meeting to order at
8:01 p.m. Members Borden, Marsh, Pavlovics and Woodward were present.
Chairman Gumprecht was absent. Marsh left the meeting at 8:10 p.m.
Approval of Minutes: The regular meeting minutes of 5/16/07 were
approved as amended 4-0 on motion by Southwick seconded by Woodword
Departure of Marsh: Before the vote to approve the 5/16/07 minutes,
Marsh commented that because of Southwick's comments in the 5/16/07
minutes under the paragraph Other, he was leaving and would return when
Nick Gumprecht returns as chairman.
Draft Audit: Acceptance of 6-30-06 draft audit and payment of Auditor's
invoice was deferred pending member review.
Surplus Estimate; A 5/22/07 surplus estimate for 6/30/07 was received.
The estimate is $1,044,921.
Little League: First Selectman Mullane gave a status update.
Budget for 07-08 and Financial Liability Forecast:
Review and preparations for the May 29th annual budget hearing were
discussed. Woodward and Southwick will verify any remaining data and
prepare 150 copies along with distribution to press and websites.
Tabled:
Tax collector report
Board of Selectmen 06-07 fiscal year reports.
Correspondence:
Town annual report for 2005-2006 fiscal year.
E-mail of 5/18/07 from Chuck McCarty to Robin Roohr re magnet
school transportation reimbursement from the State of Ct for fiscal '06
-07..
Assessor letter of 5-17-05 regarding settlement of revaluation
appeals and revised net grand list.
Outstanding Action Items: Southwick to discuss appropriate procedures
with Marien and Co. regarding close out of certain funds.
Next Meeting: Annual budget hearing May 29th at 7:p.m. at elementary
school multi-purpose room.
Adjournment: On a motion by Borden seconded by Woodward, it was voted
4-0 to adjourn at 10:23 p m.
Respectfully submitted,
Bradford P. Borden
Acting Secretary
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