North Stonington Board of Finance
Meeting Minutes
of
Wednesday, September 4, 2013
New Town Hall
North Stonington, CT
1. Call to Order: Chairman Dan Spring called the meeting to order at 7:33 PM. Brent Woodward, Mike Urgo, Peter Nimirowski and Emile Pavolvics were present. Mustapha Ratib was absent.
2. Public Comments and Questions: No comments or questions.
3. BOS: Transfers/ Appropriations Requests; Project Updates; Fire/ EMS Complex Process/Timeline:
Transfers/ Appropriations Requests Superintendent of Schools Peter Nero, in a letter dated July 25, 2013, identified that the workers compensation premium for general government and BOE had been incorrectly apportioned. The 59/41 percent split between general government and BOE should have been 84/16 percent. This discrepancy was noted upon receipt of an invoice from the insurer, Connecticut Interlocal Risk Management Agency (CIRMA). To resolve the issue, a transfer of $43,600 from general government to BOE was requested.
Dan Spring moved to approve the transfer of $43,600 from line item B20.03 (General Government Workers Compensation) to the Board of Education. The motion was seconded by Mike Urgo and was approved 5-0-0.
Project Updates First Selectmen Nick Mullane informed the Board that completion of the Village Green Bridge should occur before the end of September.
Fire/ EMS Complex Process/Timeline Nick Mullane agreed to provide information, at the next BOF meeting, regarding the progress of the project including a summary of cost and schedule.
3. BOS & BOE; Close out for Fiscal Year 2012-2013: General government closeout numbers for FY 2012/2013 are as follows:
Revenue increase over projected $50,701
Under spending of budget $190,992
Close out of the Education budget continues to be worked. Mike Urgo will represent the BOF during the teacher contract negotiations that have commenced.
5. Tax Collector’s Report: The Tax Collector’s Report was reviewed and numerous comments made that will be forwarded to the tax collector for resolution.
6. Budget 2013-2014; Preview Capital Projects: - Nick Mullane agreed to provide a list of upcoming capital projects accompanied by financing considerations.
7. Future Strategies; North Stonington Quarterly News Letter; Annual Report; Fiscal Control Policy: Mike Urgo informed the Board that the Quarterly News letter will be sent, via mail, to the Town’s population by the end of October. Funding will be provided from the Selectmen’s budget.
A letter has been issued to the Town’s various Boards, Commissions and Organizations requesting input for the next Annual Report.
The BOF has tentatively scheduled a workshop on September 25, 2013 to discuss the creation of a fiscal control policy that will be used in an effort to maximize financial accuracy within the Town.
8. Previous Minutes: Dan Spring moved to approve the minutes of July 17, 2013 as amended. The motion was seconded by Peter Nimirowski and passed 5-0-0.
9. Adjournment: A motion was made by Dan Spring to adjourn. The motion was seconded by Brent Woodward and passed 5-0-0. The meeting was adjourned at 9:40 PM.
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Respectfully Submitted,
\ BBW \
Brent B. Woodward
Secretary, Board of Finance
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