BOARD OF FINANCE
TOWN OFFICE BUILDING
40 OLD FARMS ROAD
WILLINGTON, CT 06279
SPECIAL BUDGET MEETING MINUTES
Thursday, February 4, 2010
Members Present: Members Absent:
Ken Schoppmann, Chairman Richard Littell - Alternate
Ann Marie Brown, Vice-Chair Mark Wiggins – Alternate
Alan Ference
Peter Latincsics
Elizabeth Marco
Chopeta Lyons
Also Present: Donna Latincsics, Business Manager; Tish Ignatowicz, Treasurer; First Selectman Mailhos; Lynn Nichols, Public Works
Chairman Schoppmann called the meeting to order at 7:02 P.M.
SEATING OF ALTERNATES – none
PRESENT TO SPEAK –
Selectman Mailhos and Public Works Supervisor Nichols were present to give the Board a heads up on the need for reconditioning the sweeper or replacing it. It will cost approximately $18,000 to have is reconditioned. The purchase a reconditioned machine it would cost $50,000, to purchase used it would be $160,000 or $260,000 new. Discussion followed. They will be discussing this at the next Selectmen’s meeting and at the CIP meeting that is immediately following.
APPROVAL OF MINUTES
Motion to approve the minutes of the January 28, 2010 Special Budget Meeting was made by Ann Marie Brown. Alan Ference seconded. All were in favor, motion carried, Chopeta Lyons abstained.
NEW BUSINESS
Auditor’s Report
Walter O’Connell, C.P.A. and Albert Celentano, C.P.A. of O’Connell, Pace, & Company, P.C. were present to review the audit results of June 30, 2009. Discussion followed.
Board of Finance -2- February 4, 2010
The auditor’s offered the following suggestions and information:
- Need for accountability of disposal of assets. Form must be filled out and signed off on.
- Ambulance Grant should have better reporting
- Library budget needs a balance sheet
- Red Flag regulations on keeping employees personal information secure
- FDIC risk, need to protect cash
- Investment policy for anyone who has control of money
The auditor then offered the following cost containment suggestions:
- Motion detector lights
- Benefits of Town Employees
- Look for intern from UConn for possible free labor
- Set back thermostats – funds available from State.
- Income advancement – cell phone tower
- Credit cards with 3% back
OLD BUSINESS – none
CORRESPONDENCE – none
GOOD & WELFARE –
Our next meeting will be next Thursday, February 11th with Public Safety presenting their budgets.
ADJOURMENT
The meeting was adjourned at 9:02 p.m.
Respectfully submitted,
Debra Hlobik
BOF Recording Secretary
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