 |
North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, March 24, 2010
NEW TOWN HALL
40 Main Street, North Stonington, CT
- Call to Order: Chairman M. Donahue called the meeting to order at 7:30 PM. Chairman M. Donahue, Vice Chair G. Herbert, Secretary T. Oswald E. Pavlovics, and E. Bresette were present. P. Nimirowski was absent.
- Public Comments and Questions: None.
- Board of Education – Financial Repots of January and February: Electronic versions of the BOE report had been forwarded to BOF members prior to the meeting but hard copies were not available for review. Copies will be available at next week’s meeting.
- Board of Selectmen:
- 2011/11 Budget Estimate – Capital Plan: There is no change to the 2010/11 proposed capital expenditures but the 2011-2020 plan is being revised. Mr. Mullane did not have this available at this time and promised to bring that to the BoF at the next meeting.
- Follow-up on Budget Presentations of March 3rd and 10th: First Selectman Mullane fielded a number of follow-up inquiries from Chairman Donahue.
- The Board requested that Town Highway Department Foreman Steve Holiday attend the April 7th BOF meeting for additional review of Town Departments and present justification for the three new trucks being requested in the proposed General Government budget.
- The BOF requested that the NSAA be invited to attend the April 7th meeting for additional review of Town Departments.
- School Heating Boilers: Mr. Mullane agreed to provide in 2 weeks basic cost parameters for renovating the school boilers at the Elementary and High schools considering the 50 year old condition of the existing boilers and to take advantage of the economies of heating with gas as opposed to oil. The proposition was discussed from the perspectives of:
- replacing the existing boilers;
- circumventing and obviating the existing installations with additional add-on systems;
- to obviate the existing installations with a separate independent central installation to deliver heat via underground pipe for all school buildings.
- 2011/11 Budget/Budget Spreadsheet:
- Revision A Review: Based on proposed revenues and expenditures to date, the initial budget calculation has a shortfall of about $82,750. This estimate is not firm because additional review of the capital plan and accounting for vehicle leases is needed, as well as additional departmental reviews must be conducted. Also, insofar as the Legislature is still deliberating on the 2010/11 budget, the values used for Intergovernmental Revenue estimates in the Town budget are considered preliminary and may be subject to decrease, which would exacerbate the shortfall. Next week the Assessor’s and BOF budget must be considered. Secretary Oswald apologized for needing to leave before adjournment and departed at 9:47 PM.
- Management Reports/Board of Finance as Audit Committee/GASB 45 OPEB: Deferred.
- Town Report for June 30, 2009: No new input has been received since last meeting. Assistance has been requested from the First Selectman to gather the outstanding departmental input to complete the report.
- Previous Minutes: Deferred.
- Correspondence:
- Letter from Marien & Co., Quotation for Audit Services for 2010/11, March 22, 2010.
- Future Agenda Items Identification: No additional items.
- Adjournment: A motion to adjourn was made by G. Herbert and seconded by E. Bresette. The motion carried 4-0-0 and the meeting adjourned at 9:57 PM.
Respectfully Submitted,
Mark Donahue Approved: 3-31-10
Chairman
| |
