Skip Navigation
This table is used for column layout.
 
Board of Finance Minutes 03/23/2011 Draft
North Stonington Board of Finance
DRAFT Meeting Minutes
Wednesday, March 23, 2011
NEW TOWN HALL
40 Main Street, North Stonington, CT


  • Call to Order: Chairman M. Donahue called the meeting to order at 7:34 P.M.  Chairman M. Donahue, Vice Chairman D. Spring, P. Nimirowski, E. Pavlovics and M. Ratib were present. E. Bresette was not present initially.
  • Public Comments and Questions: None.
  • Previous Minutes: E. Pavlovics moved to approve the BOF Regular Meeting minutes of March 16h as written. D. Spring seconded and the motion carried 4-0-1, with E. Pavlovics abstaining.
E. Bresette joined the meeting at 7:37.

  • Board of Selectmen:
  • 2011-12 Budget Revenue Estimate – No additional update available regarding Intergovernmental revenues. The CIRMA equity distribution of $8,972 will not be received until July 2011 and will need to be reflected in the proposed 2011/12 budget.
  • Additional Appropriation to Capital Non-recurring Account for Main Street Bridge Repairs: FEMA has accepted the responsibility to obtain concurrence from the State Historical organization regarding the acceptability of a single arch design for the Main Street bridge replacement.
  • 2011-12 Proposed General Government Budget: First Selectman N. Mullane distributed a proposed General Government budget for 2011/12 along with a 10 year Capital Plan. Backup documentation for the proposed General Government budget was not available but will be in the BOF mailbox by Friday March 25th. Mr. Mullane provided an overview of the differences in the proposed budget versus last year’s budget and answered questions from the Board. The Board requested that an updated LOCIP Plan be provided next week. Additional review will be conducted following the BOE proposed budget presentation next week after the backup documentation is provided. M. Donahue will incorporate the budget proposals and revenue estimates into a draft budget spreadsheet for initial review at next week’s meeting.
  • Board of Finance Strategy: The Board needs to decide the nature of funding/financing to use for planned capital expenditures in the proposed 2011/12 budget.
  • Correspondence: Letter, CIRMA to N. Mullane, Re: Members’ Equity Distribution, March 16, 2011.
  • Future Agenda Items Identification: None.
  • Adjournment: D. Spring moved to adjourn. M. Ratib seconded and the motion carried 6-0-0. The meeting adjourned at 10:00 PM.

Respectfully Submitted,



Mark S. Donahue
Chairman, Board of Finance