 |
|
 TOWN OF OLD SAYBROOK
Board of Finance |
302 Main Street Old Saybrook, Connecticut 06475-1741
MINUTES REGULAR MEETING JANUARY 17, 2012 FOLLOWING JOINT MEETING WITH BOE BOARD OF ED CENTRAL OFFICE SHEFFIELD STREET |
|
|
|
|
I. CALL TO ORDER Chairman David LaMay called the meeting to order at 7:10 p.m.
Attendant Members Absent Members
David LaMay
Grant Westerson
John O’Brien
Tom Stevenson
Brad Thorpe
Barry O’Nell
Derrik Kennedy
In Attendance
Scott Giegerich, Selectman
None.
Motion: to approve the minutes of the January 3, 2012 Regular Board of Finance meeting,
Moved: D. Kennedy Second: G. Westerson
Discussion: B. Thorpe asked that the discussion on $24,000 appropriations to “unknown funds” that belong in the Police Department budget be included in the minutes. J. O’Brien corrected his quote on page four to read, “20% in median price for the year ending 2011.” T. Stevenson corrected “Mr. Pendleton” on page three to read, “Ms. Pendleton.”
All members voted in favor of the minutes as amended.
MOTION CARRIED.
|
Selectman S. Giegerich reported that First Selectman Fortuna is still not feeling well and could not attend tonight’s meeting. Fortuna has asked all departments for a zero percent increase for next year’s budget. He is meeting with each department to discuss budgetary issues. Fortuna had a radio address on Monday to discuss the State of the Town. There was a discussion by the Board on revenue from fees for services and other sources and its use. Discussion ensued on revenues from Police Services and donations that go to a special fund which is out of the purview of the First Selectman and Treasurer and questions on accountability of fund. Selectman Giegerich discussed his research on town profiles and per pupil costs of education. He reported that
the current general government costs are high and bonded indebtedness is high – compared to similarly-sized towns. Discussion by the Board on the AT&T building and belief that the front building (abutting Main Street) will not be available, while the building in the back would be for possible municipal space needs. Fortuna has discussions with various companies regarding purchasing card.
Chairman D. LaMay presented to the Board a five-year budgetary trend spreadsheet. Discussion ensued on net assets to mill rate ratio. Discussion on bonded indebtedness and what constitutes the current debt service for the Town. Auditor will be coming to the next Board of Finance meeting and the Police Chief will be coming to the February 21 Board of Finance meeting. Discussion on process of presentation of Police budget. B. Thorpe has a question to the Board regarding personnel overages and action taken by the Town and Boards to address this issue. D. Kennedy discussed the idea of instituting a transfer request process whereby departments would need to request inter- and intra-fund transfers necessary within a fiscal year to the Board of Selectmen and Board of Finance
as an internal control mechanism. T. Stevenson updated the Board on the Hazard Mitigation Plan and discussed possibilities of distributing food/supplies to areas that would become “islands” in town if a Category 2 or 3 hurricane were to hit.
Motion: To Adjourn at 7:55 p.m.
Moved: G. Westerson Second: B. Thorpe
Discussion: None
All members voted in favor of the minutes as amended.
MOTION CARRIED.
|
Clerk Pro Tem:
D. Kennedy
| |
