BOARD OF FINANCE
TOWN OFFICE BUILDING
40 OLD FARMS ROAD
WILLINGTON, CT 06279
MEETING MINUTES
Thursday, January 19, 2012
Members Present: Members Absent:
Ken Schoppmann, Chairman
Ann Marie Brown, Vice-Chair
Alan Ference, Secretary
Elizabeth Marco - arrived 7:10 pm
Peter Latincsics - arrived 7:25 pm
Robert Wiecenski
Annemarie Poole - Alternate
Elizabeth Treiber - Alternate
Also Present: Donna Latincsics, Business Manager; Tish Ignatowicz, Treasurer; Christina Mailhos, First Selectman; Tyler Millix, Chief Willington #1; and members of the public.
Chairman Schoppmann called the meeting to order at 7:03 P.M.
SEATING OF ALTERNATES
Motion to seat Annemarie Poole for Lisa Marco and to seat Elizabeth Treiber for Peter Latincsics was made by Alan Ference and seconded by Ann Marie Brown. All were in favor, motion carried.
APPROVAL OF MINUTES
Motion to approve the Regular Meeting minutes of December 15, 2011 was made by Alan Ference, Ann Marie Brown seconded. All were in favor, motion carried.
PRESENT TO SPEAK - no one
NEW BUSINESS
CCR Audit Presentation FY 2010-2011
Robert Howard, Jr. CPA and Jenna Krzesicki, Sr. Assoc. were present to review their findings of the Audit and to answer questions from the Board. Distributed prior to the meeting was the Comprehensive Annual Financial Report, Federal And State Single Audit Report and Communication with those charged with Governance.
Board of Finance -2- January 19, 2012
Elizabeth Marco arrived 7:10pm.
Robert Howard reviewed the Scope of Work, Auditor's Reports, Financial Highlights, Required Communications with the Audit Committee and answered questions from the Board.
Peter Latincsics arrived 7:25 pm
Fuel Island Request for LoCIP Appropriation
First Selectman Mailhos presented the Board with a request to call a Town Meeting for the purpose of considering an appropriation of $10,000 for the removal of the unleaded gas tank and installation of a new diesel pump at the Public Works garage. Discussion followed.
Ken Schoppmann motioned that the Board of Finance recommends that the Board of Selectmen call a Town Meeting for the following purpose: to appropriate $10,000 from Capital Projects Fund-LoCIP-Fuel Island for the purpose of replacing the fuel island with a new diesel pump to be reimbursed by the State of Connecticut Local Capital Improvement Program. Alan Ference seconded. All were in favor, motion carried.
Revenue Presentation
Tish Ignatowicz presented the Board with a Revenue Budget Estimate. If the expenses remain flat at $15,623,924 there will be a shortfall of $29,079. The forecast of the FY 12/12 budget shows a shortfall of $204,224. She then answered questions from the Board.
Fund Balance Summary
Donna Latincsics presented the Board with a Summary of the Fund Balance Reserve Fund 04. Discussion followed.
OLD BUSINESS – none
CORRESPONDENCE - none
GOOD & WELFARE
Chairman Schoppmann thanked Donna Latincsics and Tish Ignatowicz for all their hard work, congratulated them on winning an award for the Town's reporting.
ADJOURMENT
The meeting was adjourned at 9:30 p.m.
Respectfully submitted,
Debra Hlobik
BOF Recording Secretary
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