North Stonington Board of Finance
Draft Meeting Minutes
of
Wednesday, September 18, 2013
New Town Hall
North Stonington, CT
1. Call to Order: Chairman Dan Spring called the meeting to order at 7:32 PM. Brent Woodward, Mike Urgo, Mustapha Ratib and Emile Pavolvics were present. Peter Nimirowski was absent.
2. Public Comments and Questions: No comments or questions.
3. BOE; Fiscal Year 2012-2013 Close out; RISSA Discussion: As noted in the monthly Profit and Loss statement dated September 18, 2013 a balance of $2,054 for FY 2012/2013 will be returned to the general fund from the BOE budget.
The December 5, 2012 discussion of creating a Repair and Improvement of School Structure Account (RISSA) was continued by the Superintendent of Schools, Chairman of the BOE and the school business manager. Arguments for and against establishing A RISSA were heard and will be taken under advisement by the BOF.
4. BOS: EMS/Fire Building Project: Tribal Recognition Updates; Highway Department Bucket Truck: First Selectman Nick Mullane provided the Board with a proposed schedule for the EMS/FIRE building project that included cost estimates for the initial major steps up through the selection of the contractor.
Nick Mullane updated the Board with the latest actions being taken by Town and State officials regarding potential changes in tribal recognition regulations being proposed by the Bureau of Indian Affairs (BIA). Most likely the effort will result in costs exceeding what is currently allocated in the budget. The Board will be updated with any additional spending requests.
Nick Mullane informed the Board that the cost of procuring the used bucket truck to be used by the highway department for tree management cannot be done with the approved budget of $40,000 as delineated in line item C 1.05. He will recommend alternate funding methods as appropriate.
5. Future Strategies; The Board has scheduled a workshop on September 26, 2013 at 7:00 PM in the new town hall to discuss the creation of a fiscal control policy that will be used in an effort to maximize financial accuracy within the Town.
6. Previous Minutes: Dan Spring moved to approve the minutes of September 4, 2013 as amended. The motion was seconded by Emile Pavolvics and passed 5-0-0.
7. Adjournment: A motion was made by Dan Spring to adjourn. The motion was seconded by Mike Urgo and passed 5-0-0. The meeting was adjourned at 10:50 PM.
Respectfully Submitted,
\ BBW \
Brent B. Woodward
Secretary, Board of Finance
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