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North Stonington Board of Finance
Meeting Minutes
of
Wednesday, April 23, 2014
New Town Hall
North Stonington, CT
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- Call to Order: Chairman Dan Spring called the meeting to order at 7:34 PM. Brent Woodward, Charlie Steinhart, Emile Pavolvics and Tim Main were present. Mustapha Ratib arrived at 7:48 PM.
- Public Comments and Questions: No comments or questions.
- BOE: School Building Project Proposal Update; Calendar: Preparation for the April 28, 2014 Town meeting to discuss the school building project with specific emphasis on the financial impacts to the taxpayer if the project is approved at the referendum scheduled for May 5, 2014 continues. Key elements are:
- Mill rate projection
- Bonding rates and duration
- Impacts of the approval of the EMS/Firehouse
- Life cycle costs
- BOS and BOE: Budget Prep for FY 2014/2015: Both the BOE AND BOS have been requested to evaluate reductions in their respective budgets. Budget amendments are needed by the April 30, 2014 finance meeting to support the budget schedule. First Selectman Nick Mullane provided backup material supporting the Government budget request.
- Future Strategies: Fiscal Policies; Alternates: Formulation of fiscal policies continues to be developed.
- Previous Minutes: Dan Spring moved to approve the minutes of April 16, 2014 as amended. The motion was seconded by Charlie Steinhart and carried 6-0-0.
7. Adjournment: A motion to adjourn was made by Dan Spring. The motion was seconded by Charlie Steinhart and carried 6-0-0. The meeting was adjourned at 9:58 PM.
Respectfully Submitted,
\ BBW \
Brent B. Woodward
Acting Secretary, Board of Finance
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