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North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, February 17, 2010
NEW TOWN HALL
40 Main Street, North Stonington, CT
- Call to Order: Chairman M. Donahue called the meeting to order at 7:41 PM. Chairman M. Donahue, Vice Chair G. Herbert, Secretary T. Oswald, and E. Pavlovics were present. E. Bresette and P. Nimirowski were absent.
- Public Comments and Questions: None.
- Board of Selectmen: No Selectmen present so no report available. The Board received and reviewed the BOS Updated Revenue Report of February 17, 2010.
- Management Reports/Board of Finance as Audit Committee/GASB 45 OPEB
- Accept Annual Report: G. Herbert motioned the BoF accept the Annual Audit performed by Marcia Marien and Co., CPAs for the year ending June 30, 2009. E. Pavlovics seconded and the motion passed 4-0-0.
- GASB 45 Survey: Chairman Donahue reported that he requested the Connecticut Conference of Municipalities to conduct a survey of municipalities with similar bond ratings as North Stonington as to the method they are using to fund GASB45 OPEB liabilities.
- Auditor Invoice: The Board received an invoice for the final amount due in the auditor’s preparation of the audit report. Payment approval will be scheduled for next meeting.
- 2010/11 Budget/Budget Spreadsheet: Discussion, no action.
- Board of Finance Strategy: Discussion, no action.
- Town Report for June 30, 2009: No new input received since last meeting.
- Previous Minutes:
- G. Herbert moved to approve the BoF Regular Meeting minutes of January 20th, as amended. M. Donahue seconded and the motion carried 4-0-0.
- G. Herbert moved to approve the BoF Regular Meeting minutes of February 3rd, as amended. E. Pavlovics seconded and the motion carried 3-0-1 with T. Oswald abstaining.
- CCM Legislative Update, February 5, 2010.
- Marien & Co Audit Bill dated January 31, 2010.
- An anonymous e-mail complaining about tricky budget reporting by the North Stonington Volunteer Fire Department being used to fund another, third, 'Jaws of Life'.
- Reply from North Stonington Volunteer Fire Department Pres. Shabunia addressing concerns identified in an anonymous e-mail.
- Future Agenda Items Identification:
- BOE Request to Add Line Item to Capital Non-Recurring Fund
- Adjournment: A motion to adjourn was made by G. Herbert and seconded by T. Oswald. The motion carried 4-0-0 and the meeting adjourned at 9:21 PM. Next meeting will be March 3, 2010 at 7:30 PM.
Respectfully Submitted,
Tom Oswald/Mark Donahue Approved: 3-10-10
Secretary/Chairman
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