MINUTES
BOARD OF FINANCE
JULY 19, 2011
A REGULAR MEETING of the Board of Finance was held in the City Hall Auditorium on Tuesday, July 19, 2011.
Present were Mayor Ryan Bingham, Corporation Counsel Ernestine Yuille Weaver, Board of Finance members Mark Bushka, Laurene Pesce, Brian Paganini and Wendy Traub, and Comptroller Alice Proulx. Board of Finance members Thomas Scoville and Daniel Farley were absent.
Mayor Bingham called the meeting to order at 5:00 p.m.
MINUTES
On a motion by Mrs. Traub, seconded by Mr. Paganini, the Board voted unanimously to approve the minutes of the regular meeting held on June 21, 2011.
OPEN TO THE PUBLIC
On a motion by Mrs. Traub, seconded by Mr. Paganini, the Board voted unanimously to open the meeting to the public. There was no one who wished to speak.
PENDING CONTINGENCY FUND PMT
Mayor Bingham explained that this agenda item has been taken care of without the use of contingency funds. There was no vote.
ADOPTED EQUIP. MAINT. BUDGET & CHARGEBACK TRANSFERS
On a motion by Mrs. Traub, seconded by Mr. Bushka, the Board voted unanimously to approve the Adopted Equipment Maintenance Budget and Equipment Maintenance Chargeback Transfers for fiscal year 2011/2012, after having been approved by City Council on July 18, 2011.
Ms. Proulx reported that the Equipment Maintenance Chargebacks are based on history and are running close to a net zero.
BUDGET TRANSFERS
On a motion by Mrs. Pesce, seconded by Mr. Paganini, the Board voted unanimously to authorize the budget transfers per Comptroller's memo of July 13, 2011, after having been approved by City Council on July 18, 2011.
Mrs. Pesce asked if the EOC will be requesting much more money from the City. Mayor Bingham said it shouldn't be significant.
POLICE INTERCEPTOR COST INCREASE
On a motion by Mrs. Traub, seconded by Mr. Paganini, the Board voted unanimously to approve an
additional cost ($1300.00) for the Police Interceptors, having been approved by City Council on July 5, 2011.
Mrs. Traub recommended future votes be worded to include "up to" certain amounts.
BUSINESS: MAYOR & BOARD MEMBERS
On a motion by Mrs. Traub, seconded by Mr. Paganini, the Board voted unanimously to consider business by the Mayor and the Board of Finance.
Mayor Bingham said a $79,000 hole remains in the budget, and that the potential savings from union concessions are diminishing as time delays go on.
No other business was presented from the Board.
ADJOURNMENT
On a motion by Mrs. Pesce, seconded by Mr. Traub, the Board voted unanimously to adjourn at 5:08 p.m.
ATTEST: JOSEPH L. QUARTIERO, CMC
CITY CLERK
Respectfully Submitted,
Carol L. Anderson, CCTC
Asst. City Clerk
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