North Stonington Board of Finance
Regular Meeting Minutes
7:30 PM Wednesday, April 22, 2009
NEW TOWN HALL
40 Main Street, North Stonington, CT
1. Call to Order Chairman M. Donahue called the meeting to order at 7:42
PM. Vice
Chair L. Southwick, Secretary T. Oswald, G. Herbert, E. Bresette and E.
Pavlovics
were present.
2. Public Comments and Questions None.
3. BOS: Financials and Budget Proposal Follow-up
a. Transfer Request for Life Insurance Premiums L. Southwick motioned we
approve the requested budget transfer from line item BB 20.00 Town
Insurance to line item BB 20.06 Employee Benefits/Pensions, for $1,510
for
the May June life insurance premiums for Town employees, as requested by
N. Mullane. G. Herbert seconded. The motion carried 6-0-0.
b. Budget Surplus
4. BOE: Financial Statements Discussion, no action.
5. Management Reports/Board of Finance as Audit Committee/GASB 45 OPEB.
a. Moody's Report Update N. Mullane advises he expects the formal bond
rating report from Moody's in the near future.
6. 2009/10 Budget Preparation Schedule N. Mullane estimates at this
point that the
Town referendum might be held on May 26th, the Tues after the holiday.
7. 2009/10 Budget/Budget Spreadsheet
a. Revision A The current tentative version of the Town budget was
discussed.
i. E. Pavlovics motions we reduce line item CC2.01 to $25,850 to cover
total refurbishment costs of the walking floor trailer per the estimate
from
Consolidated Truck and Equipment, Inc.. T. Oswald seconded. The
motion failed 2-4-0 with T. Oswald and E. Pavlovics voting for, with the
other 4 BoF members opposing.
ii. L. Southwick motions we make partial provision to buy a new walking
floor trailer by increasing revenue line item A5.04 by $7,500. G.
Herbert
seconded and the vote passed 4-2-0, with E. Pavlovics and T. Oswald
opposing.
iii. L. Southwick motions we use $70,000 from the un-designated CNR
fund to pay for the walking floor trailer. G. Herbert seconded. The
motion
passed 3-2-1 with M. Donahue and E. Pavlovics opposing, and T. Oswald
abstaining.
North Stonington, Board of Finance, Regular Meeting Minutes of 22 April
2009
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North Stonington Board of Finance
Regular Meeting Minutes
7:30 PM Wednesday, April 22, 2009
NEW TOWN HALL
40 Main Street, North Stonington, CT
iv. E. Pavlovics motions the EDC line item 15.02 be reduced $2,500 to
$1,000 for consulting at least until such time that the EDC make a
formal
proposal of need for such consulting. L. Southwick seconded. The
motion passed 5-0-1 with E. Bresette abstaining.
v. T. Oswald motions the Line Item 3.15 Town Building Maintenance
budget be reduced by $4,150 to $26,850. E. Pavlovics seconded. The
motion passed with 4-2-0 with G. Herbert and M. Donahue opposing.
vi. G. Herbert motions that to help pay for the additional $266,000 of
new
Town debt (Hewitt Land and Firetruck) previously authorized by the
Townspeople, the BoF further reduce the remaining budget shortfall to
$118,043. E. Bresette seconded the motion. The motion passed 3-2-1
with E. Pavlovics and M. Donahue opposing, and T. Oswald abstaining.
vii. G. Herbert motions to reduce the proposed BoE budget by $118,043.
E. Bresette seconded. The motion passed 3-2-1 with L. Southwick (who
wants it to be noted in the minutes that he opposed the motion as the
reduction was not deep enough) and E. Pavlovics opposing, and T.
Oswald abstaining.
b. Webpage/Survey Deferred.
8. Town Report (June 30, 2008) Deferred.
9. Previous Minutes
a. G. Herbert moved to approve the 8 April 2009 BoF Regular Meeting
minutes as
amended. M. Donahue seconded. The motion carried 5-0-1 with E. Bresette
abstaining.
b. G. Herbert moved to approve the 15 April 2009 BoF Regular Meeting
minutes as
amended. E. Bresette seconded. The motion carried 6-0-0.
10. Correspondence
a. Invitation to a DTC/RTC Social
b. CCM Update RE Infrastructure Aid
c. A 14 page info pack from CT Rep. Tom Reynolds on the Republican CT
Budget Proposal.
d. Memo from Gov. Rell RE CT Local Pass Through JAG Program.
e. CT Light and Power memo RE Payment Arrangement for Multi-Month Bill
11. Future Agenda Items Identification None were identified.
North Stonington, Board of Finance, Regular Meeting Minutes of 22 April
2009
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North Stonington Board of Finance
Regular Meeting Minutes
7:30 PM Wednesday, April 22, 2009
NEW TOWN HALL
40 Main Street, North Stonington, CT
12. Adjournment L. Southwick moved to adjourn and E. Bresette seconded.
The motion
carried 5-0-1, with E. Pavlovics abstaining, and the meeting adjourned
at 12:40 AM. The
next BOF meeting will be held at 7:30PM Wednesday, 29 April, 2009 in the
New Town
Hall.
Respectfully Submitted,
Thomas J. Oswald
Secretary, Board of Finance
North Stonington, Board of Finance, Regular Meeting Minutes of 22 April
2009
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