North Stonington Board of Finance
Regular Meeting Minutes
Wednesday, April 2, 2008 6:00 PM
Elementary School Multi-Purpose Room
North Stonington, CT
1. Call to Order: Chairman M. Donahue called the meeting to order at
8:35 PM after a informational workshop with the BOE. Secretary T. Oswald
and members E. Pavlovics, N. Gumprecht and G. Herbert were present.
Member L. Southwick was not in attendance.
2. Public Comments and Questions: M. Donahue reported on the BOF
citizen meeting last Saturday morning.
3. BOE: Presentation of annual Budget Much discussion went on.
4. Previous Minutes:
1. N. Gumprecht motioned to approve the minutes of the regular
meeting of Wednesday 26 March 2008 as amended. G. Herbert seconded the
motion, which carried 5-0-0.
5. Budget Website/Communications:
1 The webpage went live last Sunday night. Marc Tate advises
there are opportunities to add documents, text, and graphics. Access is to
be had from the Town website of the right side of the splash page.
2 M. Donahue spoke of the attendance and content of last Saturday's
Citizen's BOF outreach event. Plans are to repeat the event April 12 and
19. Results based accountability (RBA) came up and M. Donahue mentioned
the idea of having Rep. Diana Urban come do a presentation on the topic for
the town.
6. Treasurer's Report: Additional information will be requested from
the Town Treasurer.
7. BOS: Follow-Up Questions on Budget Presentation/Identification of
Selected Departments for Further Review: The Chairman will request that
representatives of the Fire and Highway Departments come to the next BOF
meeting to respond to BOF inquiries about their capital equipment requests.
8. Management Reports/Board of Finance as Audit Committee/GASB 45 OPEB:
1. Discussion about should the BOF fund 100% of the suggested
funding, $136,000, from the currently available Capital Non-Recurring (CNR)
funds?
2. The BOF discussed this issue at length and agreed to make a
vote on this matter a the next BOF meeting to finally resolve this issue.
3. The cash register is not yet connected to QuickBooks: the
time line really looks to be 12-18 months. G. Herbert will brief us
further.
9. Management Letter: The letter was reviewed by the BOF, signed by
the Chair, and ordered to be delivered to the BOE and BOS by the Secretary.
10. Correspondence:
1. Fax from the CT Conference of Municipalities: progress to
increasing the combined BOS, BOF, and BOE letter asking citizens to
participate in the school building committee.
11. Town Report Status 6-30-07: This issue was discussed briefly - no
action taken.
12. Future Agenda Items Identification:
1. Rate Book report discussion.
13. Adjournment: Next BOF meeting will be held at 8 PM, at the Senior
Citizen's Center. G. Herbert moved for adjournment with N. Gumprecht
seconding. The motion carried 5-0-0. The meeting was adjourned at
10:48 PM.
Respectfully submitted,
Thomas Oswald
Secretary, Board of Finance
North Stonington, CT
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