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North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, April 20, 2011
NEW TOWN HALL
40 Main Street, North Stonington, CT
- Call to Order: Chairman M. Donahue called the meeting to order at 7:36 P.M. Chairman M. Donahue, Vice Chairman D. Spring, P. Nimirowski, E. Pavlovics, M. Ratib and E. Bresette were present.
- Public Comments and Questions: None.
- Department Budget Reviews – Economic Development Commission:
In response to a Board of Finance request, representatives of the Economic Development Commission attended to answer questions concerning the proposed EDC budget for 2011/12. EDC Chairman B. Currier and L. Pershaec provided background and status of EDC activities. They explained that the emphasis of this year’s budget request is for fact finding concerning what the Town can offer to new or expanding businesses as well as what businesses are looking for when they are trying to locate. Vice Chair B. Woodward and M. Mackay also attended and provided input on the proposed marketing and survey plans.
- Board of Education – Financial Statements: The Board reviewed the February and March 2011 BOE Financial Reports. M. Donahue will request an explanation regarding the increase in expenditure for Line Item 730 Replacement Equipment.
- Board of Selectmen: No discussion.
- Board of Finance Strategy: The Board briefly discussed the impact of a potential reduction in Formula Grant intergovernmental revenue should the Governor’s “Plan B” budget be approved. Connecticut Conference of Municipalities estimates the potential reduction to North Stonington might be over $1.4 million. The Board also discussed the implications of the pending referendum concerning the execution of a lease for Buono Appetito restaurant and whether the Board should take a formal position regarding approval or rejection of the resolution.
- Previous Minutes: D. Spring moved to approve the BOF Regular Meeting minutes of April 13th as written. M. Ratib seconded and the motion carried 5-0-1, with P. Nimirowski abstaining.
- Correspondence: E-mail, G. Rafael (Connecticut Conference of Municipalities) to R. Roohr (Town of North Stonington), Analysis of Reduction of Proposed FY12 Formula Grants to North Stonington under “Plan B”, April 14, 2011.
- Future Agenda Items Identification: No new items.
- Adjournment: E. Pavlovics moved to adjourn. P. Nimirowski seconded and the motion carried 6-0-0. The meeting adjourned at 10:15 PM.
Respectfully Submitted,
Mark S. Donahue Approved: 4-27-11
Chairman, Board of Finance
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