302 Main Street Old Saybrook, Connecticut 06475-1741
BOF MINUTES REGULAR MEETING DECEMBER 3, 2013 7:00 P.M. First Floor Conference Room |
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BOF Attendant Members Absent Members
David LaMay, Chairman Barry O’Nell
Brad Thorpe, V. Chairman Greg Gernhart
Tom Stevenson
John O’Brien
Breck Lindley
In Attendance
Carl Fortuna, First Selectman
Lisa Carver, Finance Director
Bob Fish, Treasurer
Jan Perruccio, Superintendent of Schools
Julie Pendleton, Director Finance/Operations
Michael Spera, Chief of Police
Mr. LaMay called the meeting to order at 7:00 p.m.
Mr. LaMay led in the pledge. There was a moment of silence for the passing of Velma Thomas.
None
IV. APPROVAL OF MINUTES 11/19/2013
Mr. LaMay asked for a motion to approve the minutes.
A Motion was made and seconded to approve the November 19, 2013 minutes.
Motion passed: 5-0-0.
V. BOARD OF EDUCATION REPORT
The off budget account was discussed as was the Teacher’s Contract.
VI. FINANCE DIRECTOR REPORT
Ms. Carver noted the following:
The Kate bonds savings is $137,267.10 at a rate of 3.25%. This is approximately
$42k less debt this year and will be $95k less debt next year.
Ms. Carver also noted that the Worker’s Compensation insurance is up approximately $22K this year.
Mr. LaMay thanked Ms. Carver.
VII. TREASURER’S REPORT
Mr. Fish gave his report. He noted that the finances were on plan with the 13-14 budget.
A motion to approve the Treasurer’s Report was made by Mr. LaMay and seconded by Mr. Thorpe and motion passed unanimously.
VIII. EXECUTIVE SESSION
At 7:55 p.m., the Board of Finance went into Executive Session and came out of Executive Session at 9:10 p.m.
IX. ADJOURNMENT
A motion to adjourn was made by Mr. Thorpe at 9:11 p.m. and seconded by Mr. Stevenson and it was so voted unanimously.
By: Mr. Thorpe
Notes transcribed by Ms. Lewis, Clerk
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