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Board of Finance Minutes 09/07/2011 Approved
North Stonington Board of Finance
Approved Meeting Minutes
Wednesday, September 7, 2011
NEW TOWN HALL
40 Main Street, North Stonington, CT

  • Call to Order:  Chairman M. Donahue called the Board of Finance (BOF) meeting to order at 7:43 P.M.  Chairman M. Donahue, Vice Chairman D. Spring, E. Pavlovics, and M. Ratib were present.  E. Bresette and P. Nimirowski were absent.
  • Public Comments and Questions:  There were no public comments or questions.
  • Tax Collector’s Report: None – will be reviewed at next meeting.
  • Board of Selectmen:
  • Additional Appropriation Request for School Facility Study RFP:  D. Spring moved to approve the request for an additional appropriation of $13,200.00 to Line Item BB14.01 Ad Hoc School Building Committee for the funding of the School Facilities Study and architectural support by Quisenberry Arcari Architects. M. Donahue seconded and the motion carried 4-0-0.
  • Status of Main Street Bridge Replacement: First Selectman N. Mullane indicated that the precast system for the bridge would be ordered tomorrow. AT&T still needs to move the utility pole near the road but have not committed to a completion date. The Town may outsource moving the pole to accomplish it sooner. Bond Counsel is compiling the documentation which the lending agencies require for the Town to obtain the financing for the additional appropriation to rebuild the bridge.
  • Financial Report: The 2010-11 closeout summary will be provided at the next BOF meeting.
  • Board of Education Financial Report: None – will be provided at next BOF meeting.
  • Auditor
  • Audit Invoice: M. Donahue moved to pay the invoice of $7,849.00 from Marien & Co. against Line Item B3.01 Auditing.  E. Pavlovics seconded and the motion carried 4-0-0.
  • GASB 54 Fund Balance Reporting: The newest GASB Accounting Statement addressing Fund Balance Reporting has been provided by the auditor for reference by the BOF.
  • Board of Finance Strategy:  No discussion.
  • Previous Minutes:  D. Spring moved to approve the BOF Regular Meeting minutes of August 17th. M. Ratib seconded and the motion carried 4-0-0.


  • Correspondence:
  • Marien & Co. to Board of Finance, Fund Balance Reporting and Fund Type Definitions, August 10, 2011.
  • Letter, N. Mullane, First Selectman to Board of Finance, Additional Appropriation for DUI Grant, September 7, 2011.
  • Future Agenda Items Identification:
 
  • Additional Appropriation Request for DUI Grant
  • Storm Response Feedback
  • Affordable Housing Response to BOS
  • Fire District
  • Adjournment:   M. Donahue moved to adjourn. E. Pavlovics seconded and the motion carried 4-0-0. The meeting adjourned at 9:42 PM.

Respectfully Submitted,

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Mark S. Donahue                                                 Approved: 9-21-11               
Chairman, Board of Finance