 |
|
 TOWN OF OLD
SAYBROOK Board of Finance |
302 Main Street Old Saybrook, Connecticut 06475-1741
MINUTES SPECIAL MEETING APRIL 14, 2009 at 7:30 P.M. OS Town Hall Conference Rm. |
|
|
I. CALL TO ORDER Chairman, Carl Fortuna, called the Special Meeting of the Board of Finance to order at 7:30 p.m.
Attendant Members Absent Members
Carl Fortuna, Chairman Robert Finch
George Whelen
Lee Sparaco
David LaMay
Glennis Caouette
John O’Brien
In Attendance
William Peace, Selectman
Barry Maynard, Tax Collector
Julie Pendleton, Director of Finance
Joseph Onofrio, Superintendent
Deputy Chief Michael Spera
Minutes
Motion: To approve the minutes of the March 17, 2009 Public Hearing and Regular Meeting Minutes of March 17, 2009.
Moved: C. Fortuna Second: G. Caouette
Discussion: None
Approved: C. Fortuna; D. LaMay; J. O’Brien; G. Caouette;
Abstained: S. Whelen; L. Sparaco |
Motion: To approve the minutes of the March 17, 2009 Regular Meeting.
Moved: C. Fortuna Second: G. Caouette
Discussion: None
Approved: C. Fortuna; D. LaMay; J. O’Brien; G. Caouette;
Abstained: S. Whelen; L. Sparaco |
Motion: To approve the minutes of April 7, 2009
Moved: D. LaMay Second: G. Caouette
Discussion: None
Approved: C. Fortuna; D. LaMay; G. Caouette; S. Whelen; L. Sparaco
Abstained: J. O’Brien; |
Fire Department Boat
Chairman Fortuna explained that he had discussions with Town Council, Attorney Cronin, regarding funding of the Fire Boat. Both the Treasurer and the Auditors were consulted and it was agreed that the money could be borrowed from the Capital Outlay Sinking Fund (COSF) without re-designation of funds within the COSF and without having to identify the funds within the COSF from which the Town is borrowing. The exact amount of the funding needed was then ascertained by JT Dunn. Including the insurance proceeds of $181,004.43, it was determined that the Board of Finance would need to borrow $237,378.57 to purchase the boat for a total price of $418,383.00.
Motion: That the B of F appropriate the sum of $418,383.00 for the purpose of purchasing a new fire boat for the Fire Department of the Town of Old Saybrook, said purchase price to be paid for as follows:
A. The sum of $181,004.43 from insurance proceeds paid to the Town as the result of damage and destruction of the fire boat previously owned by the Town.
B. To borrow the sum of $237,378.57 from the Town of Old Saybrook Capital Outlay Sinking Fund, said monies to be repaid to this fund from the Town’s annual budget in three yearly installments: $77, 378.57 for the fiscal year beginning July 1, 2009, $80,000.00 for the fiscal year beginning July 1, 2010 and $80,000.00 for the fiscal year beginning July 1, 2011.
Moved: S. Whelen Second: L. Sparaco
Discussion: None
Approved: C. Fortuna; D. LaMay; G. Caouette; S. Whelen; L. Sparaco; J. O’Brien 6-0-0 |
Budget Discussion
Mr. O’Brien had several questions concerning Ferry Road and Chip sealing roads. Mr. O’Brien suggested that the monies for these two projects could be put towards a capital project, such as Goodwin School windows. Mr. Bonin explained that he believes an engineer came up with the suggested Ferry Road investment number. Mr. Bonin also explained that there is no money in the budget for “overlay,” ie, asphalt paving, and that the money set aside for chip sealing is a Town infrastructure investment. Mr. Peace explained the Ferry Road site was basically a Superfund site and now that we have it, we should use it for the fields for our youth. Mr. Sparaco questioned whether this was the time to spend the money at Ferry Road. Mr. Whelen defended the Ferry
Road expenditure.
A discussion was had on elected official salaries. Chairman Fortuna suggested he was inclined to add 2% raises to the elected officials’ salaries. It was agreed that perhaps a survey of CT towns and their salary structures would be a good idea.
Mr. O’Brien commented that he was disappointed that the reduction in expenditures on the Town side was primarily due to reduction in bonded indebtedness and a reduction in monies to capital projects. He suggested a $19k reduction (in addition to his Ferry Road and Chip seal suggestions) in the Town Budget, said reduction to be achieved through various departments which he will outline and make part of the record. He also recommended a reduction to the B of E budget of $90k. Deputy Chief Spera defended any further reduction to the Police Department and handed out a fleet inventory to the Board.
Ms. Caouette asked Ms. Pendleton what population of the staff at the schools lives in OS. She replied that 46% live here and 25% have children in the system.
Mr. O’Brien asked Ms. Pendleton about the reductions the Board of Education made from the Superintendent’s proposed budget. There was then a discussion about fees paid by Middletown Adult Education and adult enrichment courses. Mr. LaMay was not supportive of Mr. O’Brien’s call for a decrease in the B of E budget.
JT Dunn explained fuel costs incurred by the Fire Department.
Motion: To adjourn Special Meeting 8:45 p.m.
Moved: Mr. Whelen Second: Mr. Sparaco
Discussion: None
Approved: C. Fortuna; S. Whelen; ; D. LaMay; J. O’Brien, G. Caouette, L. Sparaco 6-0-0
|
Respectfully Submitted,
Carl Fortuna, Jr. Chair
| |
