|
 TOWN OF OLD
SAYBROOK Board of Finance |
302 Main Street Old Saybrook, Connecticut 06475-1741
MINUTES REGULAR MEETING SEPTEMBER 2, 2008 at 7:30 P.M. PASBESHAUKE PAVILION |
|
|
I. CALL TO ORDER Chairman, Carl Fortuna, called the September 2, 2008 regular meeting of the Board of Finance to order at 7:31 p.m.
Attendant Members Absent Members
Carl Fortuna, Chairman John O’Brien
George Whelen, Vice Chairman
Robert Finch
Lee Sparaco
David LaMay
John O’Brien
Glenis G. Caouette
ATTENDANT STAFF: Robert Fish, Treasurer
COMMENTS FROM THE PUBLIC: Jean Castagno inquired about the KHCAC.
MINUTES: Mr. Fortuna asked for a motion on the minutes of July 15, 2008.
Motion: To approve the “amended” minutes of July 15, 2008 as presented.
Moved: D. LaMay Second: C. Fortuna
Discussion: Treasurer Fish noted that the $48K came from the “Capital Outlay Sinking Fund CD interest” bottom of Pg. 2 of the 7/15/08 minutes.
Motion withdrawn.
|
Motion: To amend the previous motion to read: To correct the paragraph on page 2 of the 7/15/08 minutes to read “Treasurer Fish noted that the $48K came from the “Capital Outlay Sinking Fund CD interest” and approve these amended minutes as presented in this motion.
Moved: R. Finch Second: L. Sparaco
Discussion: Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette; D. LaMay
Abstained: G. Whelen 5-1-0
|
Motion: To approve the minutes of August 5, 2008
Moved: L. Sparaco Second: C. Fortuna
Discussion: Treasurer Fish noted that at the top of page 3, the funds being discussed are the “Capital Outlay Sinking Fund CD interest,” not “uncommitted fund” and August 5th minutes should be amended as such. The Chairman noted that the first paragraph of the minutes should read “a BOS initiative, not a police initiative.”
Motion withdrawn.
|
Motion: To approve the minutes of August 5, 2008 as amended.
Moved: C. Fortuna Second: D. LaMay
Discussion: Treasurer Fish noted that at the top of page 3, the funds being discussed are the “Capital Outlay Sinking Fund CD interest,” not “uncommitted fund.”
Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette; D. LaMay
Abstained: G. Whelen 5-1-0 |
Selectman’s Report: None
Board of Ed Report: None
Treasurer’s Report: Mr. Fish handed out the month ending August 31, 2008 General Fund Operating Budget report including the Fund Expenditures. After further discussion of this report, Ms. Caouette inquired of Mr. Fish re Suspension of taxes. Mr. Fish said that Tax Collector Barry Maynard suspends back 6 years. A discussion followed re the KHCAC appropriation and questions were answered by Mr. Fish regarding the sound and lighting infrastructure. Questions were asked by Ms. Castagno and Mr. Goduti as to:
1. The amount of the funding of the entire project; and
2. Why was the Town pahing for upgrades as requested by the Trustees.
Mr. Sparaco inquired as to when the auditors were coming back and referred to a letter received by the BOF. Mr. Fish commented that they would be back in September.
It was noted that Founders Park will open September 22, 2008.
Mr. LaMay is representing the BOF at the BOE negotiations. Mr. LaMay noted that the negotiations were for the administrator contract.
Public Comment: Mr. Goduti discussed the KHCAC appropriation.
Motion: To adjourn.
Moved: R. Finch Second: D. LaMay
Discussion: None
Approved: C. Fortuna; L. Sparaco; R. Finch; G. Caouette; D. LaMay; G. Whelen 6-0-0 |
Respectfully Submitted,
Gerri Lewis, Clerk
| 
