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North Stonington Board of Finance
Draft Meeting Minutes
Wednesday, May 11, 2011
Senior Center, North Stonington, CT
- Call to Order: Chairman M. Donahue called the BOF meeting to order at 7:36 P.M. Chairman M. Donahue, Vice Chairman D. Spring, P. Nimirowski, E. Bresette, and E. Pavlovics were present. M. Ratib was absent.
- Public Comments and Questions:
- First Selectman N. Mullane briefed the BOF on the cost of the 2011 winter blizzard. Mr. Mullane indicated that the cost to the Town for this storm was $33,915.03 and that FEMA will reimburse the Town 75% of the cost or $25,436.28.
- Mr. Mullane also informed the BOF that an accurate summary of Town Tax Refunds will be presented to the BOF at the next scheduled meeting.
- Additional 2011-12 Budget Input: N. Mullane recommended a change to Schedule C of the Draft 2011-12 Budget. Mr. Mullane recommended an increase to the Plan of Conservation and Development line item from $30,000.00 to $50,000.00.
- In conjunction with Mr. Mullane the BOF reviewed the line item changes to the Selectman’s budget for accuracy.
- Board of Finance Strategy:
- 2011-12 Budget: The BOF reviewed data contained in a graph titled 2010/11 Revenue vs. Expenditures. The data showed that Actual Total Revenues from July 2010 to April 2011 tracked very closely to the Projected Total Revenues for the same period. The graph also showed both Actual BOE Expenditures and Actual Total Expenditures for the same period.
- The BOF reviewed various parts of the Draft 2011-12 Budget including projected revenues and expenditures and the impact on the Budget if the Town’s sweeper were to be purchased in full vice leased over a three year period.
- The BOF set a goal to finalize the Draft 2011-12 Budget, including Redemption of Debt, with the intention of releasing the Budget on May 18, 2011 and a holding a Budget Hearing on May 23, 2011.
- Previous Minutes: The BOF reviewed the Regular Meeting minutes of May 4, 2011. P. Nimirowski moved to approve the minutes as amended. E. Bresette seconded and the motion carried 4-0-1 with D. Spring abstaining.
- Correspondence: The BOF received a letter from Marien & Company, LLC dated May 9, 2011 that quoted the fees for the June 30, 2011 Town audit. The quote is for a total of $35,071.00 and reflects the third year in a row with no increase in the audit fees. M. Donahue moved to appoint Marien & Company, LLC as the Town Auditor for Fiscal Year 2010-2011. D. Spring seconded and the motion carried 5-0-0.
- Future Agenda Items Identification: The BOF determined that additional work on the Draft 2011-12 Budget would be required at the next scheduled meeting.
- Adjournment: P. Nimirowski motioned to adjourn the BOF meeting at 9:25 P.M. D. Spring seconded and the motion carried on a vote of 5-0-0.
Respectfully Submitted,
Mark S. Donahue
Chairman, Board of Finance
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