302 Main Street Old Saybrook, Connecticut 06475-1741
BOARD OF FINANCE MINUTES REGULAR MEETING JUNE 21, 2016 at 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, Vice Chairman John O’Brien
Tom Stevenson
Barry O’Nell
Carol Rzasa
In Attendance
Carl Fortuna, First Selectman
Bob Fish, Treasurer
Norman Wood, Tax Assessor
Jan Perruccio, Superintendent of Schools
Julie Pendleton, Director of Finance & Operations
Larry Hayden, Director of IT
Call to order
Mr. LaMay called the meeting to order at 7:00 PM
Pledge of Allegiance
Mr. LaMay led the Pledge of Allegiance.
Minutes:
A motion to approve the minutes of June 7, 2016 was made by Mr. O’Nell, seconded by Mr.
Thorpe and motion passed unanimously.
Board of Education Report
Ms. Perruccio noted the following:
- FY not closed as of this meeting
- Additional paving at Goodwin School
- Sinking fund projects noted in Capital Plan; one of them, boilers
- Down to 2 finalists for Athletic Director
- 2016-2017 - 2 substitutes
- 2016 – 2017 - 2 clerical positions
Mr. Stevenson inquired about roofing issues. It was noted that the Middle School roof has been replaced as well as High School roof replaced.
- Goodwin oil tank going in on June 29th
High School oil tank will be next year
Mr. Thorpe inquired about Flood Insurance. A rider will be added this Fiscal Year.
Mr. LaMay thanked Ms. Perruccio and Ms. Pendleton.
Assessor Report
Mr. Wood reported on the following:
- Building permits – Assessor’s office gearing up to enter these in the system
- 19 and 21 Bridge Street (Saybrook Point Inn guest houses)were added to Grand List
- Reval 2018
- Mr. Fortuna noted that he was working on refunding of bonds with Assessor
Mr. Thorpe inquired about solar systems. It was noted that they are exempt.
Mr. LaMay thanked Mr. Wood for coming in.
Harbor Management Budget 2016-2017
A handout of the Harbor Management budget expenditures, revenues and 5 year Capital Plan was given to the board.
At this time, Mr. LaMay called upon Mr. Goduti to report on Harbor Management budget and Capital Plan.
Mr. Goduti explained the budget as follows:
Beginning Balance 720 Acct. |
411,673.26 |
Revenues |
59,665.00 (see below revenues detail) |
BOF 720 budget |
8,500.00 |
Ongoing 720 Expenses |
11,685.00 |
Proposed Capital Plan |
25,000.00 |
Ending Balance 720 |
426,153.26 |
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Contingency |
5,000.00 |
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421,153.26 |
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Revenue |
Taxes |
Net Revenue |
NC Invoice Total |
$35,255.03 |
$2,105.03 |
$33,150.00 |
Flats, Etc. Invoice Total |
$4,626.23 |
$276.23 |
$4,350.00 |
Total Other Mooring Invoice |
$1,914.30 |
$114.30 |
$1,800.00 |
Total Clothesline Invoice |
$2,791.69 |
$166.69 |
$2,625.00 |
Total Ferry Dock Invoice |
$17,547.75 |
$1,047.75 |
$16,500.00 |
NC Wait List Total |
$940.00 |
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$940.00 |
Clothesline Wait List Total |
$190.00 |
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$190.00 |
Ferry Dock Wait List Total |
$110.00 |
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$110.00 |
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Gross Mooring Fees: |
$63,374.99 |
$3,709.99 |
$59,665.00 |
A motion to transfer $8,500 from the 720 account to HMC operating was made by Ms. Rzasa, seconded by Mr. Thorpe and was so VOTED unanimously.
Harbor Management Capital Budget
Mr. Goduti went on to explain the proposed Capital Plan as follows:
Proposed Capital Plan* |
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North Cove Sheffiedl Street Dock Replacement |
12,500.00 |
Ferry Road Dock Replacement |
12,500.00 |
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FY 2017 Capital Plan |
25,000.00 |
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A motion to approve the Harbor Management proposed Capital Plan in the amount of $25K for engineering and permitting was made by Mr. O’Nell, seconded by Mr. Thorpe and was so VOTED unanimously.
Mr. LaMay inquired about dredging in North Cove. It was noted by Mr. Goduti that the target date is the Fall of 2017. Mr. Stevenson inquired about electricity for the Fire and Police boats. Mr. Goduti noted that there is 200 amp service to Ferry Dock.
Finance Director – No Report
Selectman Report
Mr. Fortuna reported on the following:
- Moody’s has rated us AA2
- Fiscal position better than 2-3 years ago
- Economic Development Commission – going to be a reasonable amount of growth in 2017-2018
- North Main Street project will increase grand list
- Dock & Dine property; investors are looking
- Bokum Road house approved by ZBA; town will put on market/auction
Mr. LaMay thanked Mr. Fortuna.
Public Comment
It was asked if money can be moved from an off budget account to operating; answer is yes. The Inquiry about the Police boat; Police boat will start operations July 1st.
Comments from the Chair
Mr. LaMay thanked everyone for attending and noted that WPCA will be coming possibly to the July 19th meeting. He told the board to be thinking of questions for WPCA.
Our July 5th meeting will take place in the 2nd floor conference room at the Town Hall.
This meeting in its entirety was recorded on CD in Town Clerk’s office.
A motion to adjourn was made by Mr. O’Nell, seconded by Mr. Thorpe at 8:01 p.m. and so VOTED unanimously.
Submitted, Gerri Lewis
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