Minutes of the Board of Finance meeting held on Monday, May 18, 2015 at 7:30 p.m., directly following the Annual Town Meeting at the Lyme-Old Lyme Middle School Auditorium.
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Present:~~~~~~~ Regular Members:~ Andrew Russell, H. P. Garvin, III,
Christopher Kerr, Janet Sturges, David Woolley
Alternate Members:~ Bob Jose, David Kelsey, Gil Soucie
Bonnie A. Reemsnyder, ex-officio
Nicole Stajduhar, Finance Director
Mary Jo Nosal, Selectwoman UNAPPROVED
Skip Sibley, Selectman
Absent: Regular Members: Bennett Bernblum
Alternate Members:
Guests:
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Mr. Russell called the meeting to order at 9:30 p.m, and stated that there is one regular member who could not attend this evenings meeting. Therefore, a motion was made by Mr. Kerr, seconded by Mr. Garvin to have Mr. Kelsey vote in Mr. Bernblum absence. Motion carried.
Minutes of March 17, 2015 Regular Meeting
The minutes of the March 17th minutes were reviewed.
There being no corrections noted, a motion was made by Mrs. Sturges, seconded by Mr. Kelsey to approve the minutes as written. Motion carried.
Minutes of April 07, 2015 Special Meeting
The minutes of April 7th Special meeting were reviewed.
There were no further corrections noted, therefore, a motion was made by Mr. Woolley, seconded by Mr. Kelsey to approve the minutes as written. Motion carried.
Minutes of April 27, 2015 Special Meeting
The minutes of the April 27th Special Meeting were reviewed. Mrs. Sturges noted a correction to the last paragraph, which is to remove the following, “as recommended by the Board of Finance to Town Meeting” as it was stated at the beginning of that paragraph.
There being no further corrections noted, a motion was made by Mrs. Sturges, seconded by Mr. Kelsey to approve the minutes as modified. Mr. Kerr abstained. Motion carried
Setting the mill rate for FY 2015-2016
Mr. Russell stated that the mill rate for FY2015-2016 will be 20.62 as outlined during the Town Meeting earlier this evening.
A motion was made by Mr. Kelsey, seconded by Mrs. Sturges to accept 20.62 as the Town’s mill rate for the 2015-2016 fiscal year. Motion carried.
Financial Reports
Mrs. Stajduhar reported that Surplus money was moved into higher yielding CD’s.
Old Business
Nothing to report.
New Business
Nothing to report.
A motion was then made by Mrs. Sturges, seconded by Mr. Kelsey to adjourn the meeting at 9:35 pm. Motion carried.
Respectfully Submitted,
Michele E. Hayes
Secretary
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