302 Main Street Old Saybrook, Connecticut 06475-1741 BOARD OF FINANCE MINUTES REGULAR MEETING SEPTEMBER 1, 2015 7:00 P.M. First Floor Conference Room Town Hall |
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BOF Attendant Members Absent Members
David LaMay, Chairman Breck Lindley
Brad Thorpe, V. Chairman Greg Gernhardt
Tom Stevenson
John O’Brien
Barry O’Nell
In Attendance
Bob Fish, Treasurer
Gerri Lewis, Clerk
Mr. LaMay called the meeting to order at 7:00 p.m.
Mr. LaMay led in the pledge.
III. MINUTES 8/18/15
A motion to approve the minutes of August 18, 2015 was made by Mr. O’Nell, seconded by Mr. O’Brien. Motion passed 4-0-1.
IV. FINANCE DIRECTOR REPORT-NONE
V. TREASURER REPORT
Mr. Fish noted that general government expenditures appear high because of early requirements, but they are approximately the same as last year. Bonded Indebtedness payments also look high at this time of the year because many of our bond payments have been deliberately scheduled for July and August.
Tax collections are running slightly ahead of last year. As usual, the only revenue from the State of CT through August is the first Town Aid Road payment. Local revenues continue to be strong.
Mr. Fish noted that activity is normal.
Mr. O’Nell inquired about the KHCAC. Mr. Fish noted that Selectman Fortuna was better informed and could answer that question.
Mr. Stevenson asked about a final accounting of departments who are over budget. Mr. Fish noted that he will give a report at the next meeting. Mr. Fish informed the BOF that the auditors will be coming mid October.
Mr. LaMay thanked Mr. Fish.
VI. SELECTMAN REPORT - None
VII. PUBLIC COMMENT –
There were questions and comments about the town hall roof. Mr. O’Brien noted that he is on the building committee and he will have answers to issues raised. He commented that there is a contingency fund.
VIII. CHAIRMAN’S COMMENTS:
Mr. LaMay thanked everyone and noted that the Finance Director’s email will be discussed at the next meeting. Mr. O’Brien commented that in the last several months issues have occurred in town that may have been the responsibility of the Board of Finance. He noted that tax money cannot be used to pay a bill without going through the Board of Finance. He questioned as to whether or not any department has the right to use money that is not already in the budget.
These minutes are recorded in their entirety on CD in the Town Clerk’s Office.
IX. ADJOURNMENT
Motion to adjourn was made by Mr. Thorpe and seconded by Mr. O’Nell at 7:16 p.m.
Submitted:
Gerri Lewis, Clerk
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