302 Main Street Old Saybrook, Connecticut 06475-1741
BOARD OF FINANCE MINUTES REGULAR MEETING FEBRUARY 2, 2016 at 7:00 P.M. |
BOF Attendant Members Absent Members
David LaMay, Chairman Greg Gernhardt
Brad Thorpe, Vice Chairman
Tom Stevenson
John O’Brien
Barry O’Nell
Breck Lindley
In Attendance
First Selectman Carl Fortuna
Bob Fish, Treasurer
Lee Ann Palladino, Interim Finance Director
Michael Spera, Chief of Police
Gerri Lewis, Clerk
CALL TO ORDER
Mr. LaMay called the meeting to order at 7:00 PM
PLEDGE OF ALLEGIANCE
Mr. LaMay led the pledge.
MINUTES
A motion to approve the minutes of the January 19, 2016 meeting was made by Barry O’Nell and seconded by John O’Brien and the minutes were approved with one abstention.
MAHONEY & SABOL AUDITORS
Jennifer M. Hawkins, CPA, Partner, Amanda L. Backhaus, CPA, Manager and Samantha A. Thomas, Senior Associate presented the 2015 audit results to the Board of Finance. The scope of work presented included the following:
- Audit of Financial Statements performed in accordance with the auditing standards issued by the American Institute of Certified Public Accountants;
- Federal and State Single Audits performed in accordance with the OMB Circular A-133 compliance supplement;
- Agreed-upon procedures on end of year school reports.
A complete copy of the review of the 2015 audit results can be seen in the Finance Director’s Office or the Treasurer’s Office at the town hall.
FINANCE DIRECTOR REPORT
Ms. Palladino reported that there have been ongoing budget workshops and so the first phase of the budget process is complete. The next phase is the BOS will review the department budgets and the budget will then be presented to the BOF March 1, 2016. Ms. Palladino noted that there are some challenges such as the water system. The water bill will increase 7.6% due to the fire hydrants; Street Lights increase of 10%; Employee benefits will increase; Fire Department pension contribution will be 26% higher than last y ear. She noted that the town hall budget will remain flat; CRAHD will remain unchanged. Ms. Palladino noted that they are getting quotes on health insurance.
Mr. LaMay thanked Ms. Palladino
TREASURER’S REPORT
Mr. Fish noted that the expenditures are approximately as expected. The tax collections continue to be strong. He went on to say the revenue from the State of Connecticut is low relative to the budget at this time of the year. He noted that local revenues and total revenues continue to be strong. He commented that total expenditures and total revenues are nearly the same as last year, and we finished last year with a good surplus.
SELECTMAN’S REPORT.
Selectman Fortuna reported on the following:
- The Kate had no heat; head of facilities looking into heating system; also roof;
- Senior Housing received $2M grant;
- 199 spaces at the train station will open soon;
- Letter from DEEP doing damn inspections; made 16 recommendations;
- DMV computer system went haywire so tax bills may be going to the wrong towns;
- Chief Spera: Update on Police Building; renting back at Custom Drive for the detention facility due to floor being torn up in the detention wing at new PD;
- No change in Dispatchers talks;
- Town’s fixed assets;
At this time, the following motion was made:
A motion was made by Mr. Stevenson to approve an expenditure of funds from the Town Hall personnel line item, in the amount of $7,995 to hire a firm for the purpose of inventorying the Town’s fixed assets, seconded by Mr. Thorpe. Discussion: Mr. LaMay inquired if there was a chance that this cost could change. It was noted that there was a contract. Motion passed unanimously.
PUBLIC COMMENT
There was a comment about The Kate roof repair.
ADJOURNMENT:
Motion to adjourn made by Mr. Thorpe second by Mr. O’Brien at 8:50 p.m.was unanimously approved.
Submitted:
Gerri Lewis, Clerk
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