North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, 9 June, 2010
North Stonington Senior Center
1. Call to Order: Chairman M. Donahue called the meeting to order at 7:30 PM. Chairman M. Donahue, Vice Chair G. Herbert, E. Pavlovics, E. Bresette, and P Nimirowski were present. Secretary T. Oswald was absent.
2. Public Comments and Questions: There were no public comments or questions.
3. Tax Collector’s Report: The BOF reviewed the June 2010 Tax Collector’s report. The report indicated a Grand Total of taxes paid at $12,517,261.64 and a Grand Total of uncollected taxes of $606,724.85. This represents a 95.3% tax collection rate to date.
4. Board of Selectman Financial Report:
a. N. Mullane submitted the Profit and Loss Budget vs. Actual and the Profit and Loss Previous Year Comparison reports for the BOF to review. These reports covered the period of July 2009 through May 2010.
b. N. Mullane provided a report dated 9 June, 2010 on the Storm Damage Assessment and Estimates. The report showed that $60,036 has been spent so far and that the overall repair estimate is now $2,239,150 with Town’s portion estimated at $574,823. This represents an increase in all areas, as compared to the 20 April, 2010 report that reflected $19,153 spent, $1,672,450 total estimate, and $425,402 as the Town’s estimated portion.
5. 2010/11 Budget/Budget Spreadsheet: Since Revision B of the 2010/2011 Budget passed by referendum, Revision B will be marked as approved and provided to the BOF at the next regular meeting.
6. Setting the Mill Rate: E. Pavlovics motioned that the BOF set the Mill Rate for the period of 1 July, 2010 to 30 June, 2011 at 20.19 mills. P. Nimirowski seconded the motion and the motion passed 5-0-0.
7. Board of Finance Strategy: The BOF will start discussing the use of Results Based Accountability (RBA) in future meetings. In addition, the BOF will look into hiring a Recording Secretary to assist the BOF in the future.
8. Previous Minutes: G. Herbert motioned that the BOF minutes of 19 May, 2010 be approved as amended. P. Nimirowski seconded the motion which passed on a vote of 5-0-0.
9. Correspondence: Legislative Update from the Connecticut Conference of Municipalities and a Preliminary Planning Letter from Marien and Company, LLC on the upcoming Town Audit.
10. Future Agenda Items Identification: Future agenda items include discussion on RBA for Town solar projects and a BOE request for a CNR line item. Also, the Connecticut Municipal Consortium for Fiscal Responsibility will make a presentation to the BOF.
11. Adjournment: E. Bresette motioned to adjourn at 9:23 PM. The motion was seconded by G. Herbert and passed on a vote of 5-0-0.
Respectfully Submitted
Gary Herbert
Vice Chairman
Approved at the 18 August, 2010 BOF meeting.
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