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North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, April 28, 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. M. Donahue, G. Herbert, E. Pavlovics, T. Oswald, E. Bresette and P. Nimirowski were present. M. Donahue moved to move Agenda Item 8 Previous Minutes to Agenda Item 2.A. E. Pavlovics seconded and the motion carried 6-0-0.
- Public Comments and Questions: None.
2.A Previous Minutes:
a. E. Pavlovics moved to approve the BoF Regular Meeting minutes of April 7th. P. Nimirowski seconded and the motion carried 5-0-1 with T. Oswald abstaining.
b. E. Bresette moved to approve the BoF Regular Meeting minutes of April 14th. G. Herbert seconded and the motion carried 5-0-1 with T. Oswald abstaining.
- Board of Selectmen: N. Mullane, First Selectman, presented an updated assessment and estimate of storm damage to the Town. The current estimate is $1,672,450 with $20,553 actually expended to date.
Mr. Mullane also provided the following:
- three financing and cash flow estimates for proposed capital expenditures
- a copy of the 2010 School Building Study and Recommendations recently presented to the BOS by the Ad Hoc School Building Committee
- an example Request for Proposal for a school facilities study
- a draft budget resolution format which meets Bond Counsel’s recommendations for budget recommendation protocol
Mr. Mullane offered comment regarding the BOE Request for a Line Item in Capital Non-Recurring Account into which any BOE surplus could be transferred at the end of a fiscal year for the purposes of funding school building repairs, other extraordinary maintenance or other non-curriculum related items not currently funded. Although the BOS had not discussed it in session, his preference is that the normal budget process be used for budgeting for capital expenditures; or to use a request for additional appropriation after the fiscal year closes. Mr. Murphy, Selectman, offered that he saw no need for the BOE to have an open bank account.
T. Oswald left the meeting at 8:47 pm.
In response to the BOE request for a tri-partite meeting at which the Ad Hoc School Building Committee would present their recommendations, the Board identified May 19th as a possible date for holding the review. M. Donahue will respond to D. Robert, BOE Chair, with the proposed date. The BOS expects to resolve the difference in budget expectations between the BOS and the Ambulance Association by next BOF meeting. N. Mullane clarified that Freightliner, a possible source for new vehicles, is currently offering financing at rates of 3 to 3-1/2%.
- 2010/11 Budget/Budget Spreadsheet:
- Revision A Review – Need to confirm FEMA reimbursement process and determine if the Town needs to pay all flood damage expenses up front. The Board agreed to request the BOS to review the General Government proposed budget and identify opportunities to reduce it by $97,000. Any expected consequences should the budget be reduced by that amount should also be identified.
- BOE Request for Line Item in Capital Non-Recurring Account – Deferred.
- Board of Finance Strategy: Deferred.
- Management Reports/Board of Finance as Audit Committee/GASB 45 OPEB – Deferred.
- Town Report for June 30, 2009: Deferred.
- Previous Minutes: moved to Agenda Item 2.A
- Correspondence:
- Email, Donahue, BOF Chair to Board of Selectmen, Opinion on BOE Request, April 26, 2010.
- Email, Robert, BOE Chair to Board of Finance, Ad Hoc Presentation, April 27, 2010.
- Letter, State of Connecticut Office of Probate Court Administrator, Scanning Index Cards and Record Books for Merging Courts, April 27, 2010.
- Letter, Shoreline Diving Services to N. Mullane, First Selectman, Bridge Inspections, April 22, 2010.
- Future Agenda Items Identification: None.
- Adjournment: G. Hebert moved to adjourn. E. Bresette seconded and the motion carried 5-0-0. The meeting adjourned at 10:34 PM.
Respectfully Submitted,
Mark Donahue Approved: 5-19-10
Chairman
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