BOARD OF FINANCE
TOWN OFFICE BUILDING
40 OLD FARMS ROAD
WILLINGTON, CT 06279
MEETING MINUTES
Thursday, January 21, 2010
Members Present:
Ken Schoppmann, Chairman (arrived 7:25)
Ann Marie Brown, Vice-Chair
Chopeta Lyons
Alan Ference
Peter Latincsics
Elizabeth Marco
Richard Littell - Alternate
Mark Wiggins – Alternate (arrived 7:30)
Also Present: First Selectman Mailhos; John Patton; Teri Gareau, Rec. Director; Donna Latincsics, Business Manager; Tish Ignatowicz, Treasurer; Robert Campbell and members of the Housing Authority.
Vice-Chairman Brown called the meeting to order at 7:01 P.M.
SEATING OF ALTERNATES –
Alan Ference motioned to seat Butch Littell for Ken Schoppmann. Peter Latincsics seconded. All were in favor, motion carried.
PRESENT TO SPEAK – no one
APPROVAL OF MINUTES
Motion to approve the minutes of the December 17, 2009 was made by Alan Ference with the following amendment. Butch Littell seconded. Discussion followed.
Chairman Schoppmann was wrongly referred to as Vice-Chair
NEW BUSINESS
Housing Authority Transfer Request
First Selectman Mailhos presented the Board with the transfer request for the Housing Authority. She explained that the Housing Authority is at a stand-still in the Senior Cottage project at the moment because one of their consultants needs to be paid. There is money available in account 03-3037-341-10 (they came in under budget on the septic project) however, because this money been ear-marked for "infrastructure" the consultant cannot be paid with it. We are recommending that the BOF transfer
$15K out of this line to the Housing Authority line (03-0034-000-00).
Board of Finance -2- January 21, 2010
Lisa Marco motioned that the Board of Finance approves a transfer of $15,000 from the "cottages Infrastructure" account (03-307-341-10) to the "housing authority" account (03- 0034) for the purpose of covering housing authority administration costs. Butch Littell seconded. Discussion followed. All were in favor, motion carried.
(Chairman Schoppmann arrived after the motion was made and seconded).
Revenue Presentation
Donna Latincsics presented the Board with the revenue presentation. The following facts were discussed:
- General Fund Balance as of June 30, 2009 was $1,599,726
- 60.77% tax collection rate as of 12/31/09
- Estimates for FY10 and FY11 published on 11/09/09 by OPM
- State currently has a $400 million budget deficit
- ECS Grant commitments to be met
- Pequot Funds – impact on towns
- Interest Income rate not expected to improve
- Licenses, Fees and Permits still impacted by downturn in economy
- Willington most likely to end year with a budget shortfall
Discussion followed.
OLD BUSINESS – none
CORRESPONDENCE – none
GOOD & WELFARE –
Our next meeting will begin the “Budget Season” with the Board of Education presenting their budget request next Thursday, January 28, 2010.
ADJOURMENT
The meeting was adjourned at 9:20 p.m.
Respectfully submitted,
Debra Hlobik
BOF Recording Secretary
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