North Stonington Board of Finance
Regular Meeting Minutes
Wednesday, May 6, 2009, 7:30 PM
NEW TOWN HALL
40 Main Street, North Stonington, CT
1. Call to Order Chairman M. Donahue called the meeting to order
at 7:39 PM. Vice Chair L. Southwick, Secretary T. Oswald, E. Bresette
and E. Pavlovics were present. G. Herbert was absent.
2. Public Comments and Questions
a. Kristy Williams expressed her wish that the BoE budget not be
cut. She stressed how we all have an obligation to provide high quality
education for the children of our town.
b. Pete Fribance spoke with some questions about the budget meeting
material presented last Monday evening.
3. Town Budget Hearing Results/Feedback Discussion. No action.
4. BOS: Financial Reports N. Mullane presented the General Fund
financial report and fielded questions from the BoF.
5. Management Reports/Board of Finance as Audit Committee/GASB 45
OPEB.
a. Moody's Report Update No new information available from Moody's
according to Mr. Mullane.
b. Status of Cash Register Integration Mr. Mullane reports on
behalf of Mr. Tate:
1. A final review of the 'Point of Sale' system has been
successfully performed
2. A final review of the Quickbooks configuration has been
successfully performed and the verified categories needed to link are
setup.
3. The final step is to test the backup copy of the data for
integrity and accuracy.
6. 2009/10 Budget Preparation Schedule The Selectmen advise that:
a. A Town meeting will be held on the 18th of May at 7:00 PM in
the Elementary School.
b. The Budget Referendum is scheduled on the 26th, from 12 - 8 PM
at the New Town Hall.
7. 2009/10 Budget/Budget Spreadsheet L. Southwick motioned the
BoF further reduce the Board of Education budget to the level of the
current year (FY 2008-09) total of $11,902,560, a reduction of $178,612.
The motion went without second and died.
a. Revision B Chairman Mark Donahue made a motion recommending
that the Board of Selectmen present to the Town for their consideration,
a budget of $17,560,838 consisting of the following including redemption
of debt and capital in the amount of $5,479,666 and BoE $ 12,081,172.
E. Bresette seconded. The motion passed 3-2, with L. Southwick and E.
Pavlovics opposing.
b. Webpage/Survey Efforts will be made by the BoF to make the
survey ready for the May 18th
8. Town Report (June 30, 2008) E. Bresette moved to accept Town
Report. E. Pavlovics seconded. The motion carried 5-0-0. The Chairman
will forward the report to the Selectmen for distribution.
9. Previous Minutes L. Southwick moved to approve the 29 April
2009 BoF Regular Meeting minutes as amended. E. Bresette seconded. The
motion carried 5-0-0.
10. Correspondence
a. Memo from N. Mullane, First Selectman, to N. Pukas, School
Superintendent, re New Fiscal Policies.
b. Revised Economic Development Commission budget.
11. Future Agenda Items Identification None.
12. Adjournment L. Southwick moved to adjourn and E. Bresette
seconded. The motion carried 5-0-0 and the meeting adjourned at 9:57PM.
The next BOF meeting will be held at 7:30 PM Wednesday, 13 May, 2009 in
the Senior Center.
Respectfully Submitted,
Thomas J. Oswald
Secretary, Board of Finance
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