BOARD OF FINANCE MINUTES
JUNE 4, 2013
7:00PM
OLD SAYBROOK TOWN HALL
Others present: Lisa Carver, Bob Fish, Julie Pendleton, Joann Sullivan, Carl Fortuna (arrived at 7:20pm)
Chairman David LaMay called the meeting to order at 7:00PM
Chairman David LaMay led the Board in the pledge of allegiance.
All members of the Board of Finance are present.
None.
B. O’Nell moved to approve the minutes of the May 7, 2013 Regular Board of Finance meeting, seconded by B. Thorpe. Unanimously approved. MOTION CARRIED.
D. Kennedy moved to approve the minutes of the May 8, 2013 Special Board of Finance meeting, seconded by J. O’Brien. All voted in favor, with D. Kennedy abstaining. MOTION CARRIED.
- Board of Education Report
J. Pendleton reported there is a state grant available for school safety upgrades that we are applying for and safety and security upgrades are being installed throughout the school system. Discussion on security upgrades. Further reported on the placement of student outside of state (due to lack of program in-state) was approved by state, working on possible building projects, and discussion on maintenance of school facilities.
L. Carver reported that the state budget has allocated funds for municipal aid, updates to the town website with financial documents being added to a new finance department section, the Town has received its insurance check for rehabilitation of the Pavilion, a supplemental claim will be filed for the Pavilion due to differences between Hurricane Sandy and Hurricane Irene claims, a bid is out for rubbish collection, negotiations are starting soon for a new Police collective bargaining agreement, the P-Card is still working well, COBRA is offered to “aging-out” children of employees, and obligatory pension payments have been made more accurate.
B. Fish reported that the auditors will be coming in next week to start. The Board reviewed the monthly report. Questions on debt, expenditures. Discussion on fund balance projections and investment policy. No action taken.
C. Fortuna reported that he has been working on Hurricane Sandy reimbursements, police building, and WPCA activities. He further commented on making an offer to hire a WPCA program manager, the police building went with a design-build, negotiations with the police union will commence shortly, lease agreement with probate court, Hunters has opened, Big Y and Kohls will be breaking ground soon, Saybrook Village is starting construction soon, North Cove will bring forward plans to Zoning Commission soon, and Dock n’ Dine will be opening for the summer.
Chairman LaMay commented that the WPCA will be at the next Board of Finance meeting.
D. Kennedy moved to adjourn at 8:29pm, seconded by J. O’Brien. Unanimously approved. MOTION CARRIED.
| 
