BOARD OF FINANCE MINUTES
SEPTEMBER 26, 2005
Approved October 24, 2005
*Corrected minutes of the September 26, 2005 Board of Finance Meeting, Item #1 was omitted
The meeting was called to order by Chairman Joseph Mooney at 7:30 p.m. Also present were Lorraine Young, Victor Cassella, Jeffrey Vailette and Kenneth Kaminsky. Not present was Charles Shelton, Jr.
Also present were Selectmen Opie and Kinney, Treasurer Bob Denhardt, Finance Director Jim Finch, Human Resources Director Bob Moore and Town Engineer Steve Dudley.
* 1. Ms. Young made the motion, seconded by Mr. Vailette to approve the minutes of the August 29, 2005 Board of Finance meeting. The vote was unanimous.
2. The Board considered the Human Resources Department’s request for the following transfer which was presented by Bob Moore, Director and Steve Dudley, Engineer.
From: 4904-494.59-13 Contingency ($28,080)
To: 4303-433.12-09 Operator IV Wages 28,080
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $28,080 as requested by the Human Resources Department. The vote was unanimous.
3. The Board considered the Police Department’s acceptance of a U.S. Department of Justice Universal Hiring grant, this item was presented by Deputy Chief DeCarlo and Commissioner McGuigan. Discussion followed. The Board would like to review this further.
Mr. Vailette made a motion, seconded by Mr. Kaminsky to table this item and put it on the October 24th Board of Finance meeting. The vote was unanimous.
4. The Board considered the expenditure of funds from an existing Connecticut Department of Homeland Security grant to acquire additional mobile computing devices; this item was presented by Deputy Chief DeCarlo and Commissioner McGuigan.
Discussion followed.
Mr. Cassella made a motion, seconded by Mr. Kaminsky.
RESOLVED: That the Board of Finance approves the acceptance of the 100% grant to purchase two mobile Datalux computers and six laptop computers. The vote was unanimous.
5. The Board considered the Finance Director’s request to transfer unencumbered balances from prior year capital projects into the capital projects fund this item was presented by Jim Finch, Finance Director.
2004-2005
From: 101-0000-304-01-03 Liquidated Encumbrances (286,551.49)
To: 101-5000-500-95-09 Transfer Out BOE System Wide Improvements 187,814.59
101-5000-500-95-10 Transfer Out-Town Projects 98,736.90
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $286,551.49 as requested by the Finance Director. The vote was unanimous.
Mr. Mooney made a request to add #7 to the agenda; this item was requested by the Tax Department.
Mr. Cassella made the motion, seconded by Mr. Vailette to add the item to the agenda.
The vote was unanimous.
6. The Board examined and discussed the concept of using investment managers to manage a portion of the Town’s non-pension assets. Discussion followed. The Board will look into this request further. No action was taken, this item will be on the October 24th agenda.
7. The Board considered the Tax Department’s request for the following transfers which were presented by Jim Finch, Finance Director.
2004-2005
From: 4904-494-59-13 Contingency (120,000)
4109-409-10-19 Counsel & Legal Advice ( 36,000)
To: 4107-407-59-01 Tax Refunds 156,000
Mr. Cassella made the motion, seconded by Ms.Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $156,000 as requested by the Tax Department. The vote was unanimous.
Ms. Young made a motion, seconded by Mr. Kaminsky to adjourn the meeting at 9:00 p.m. The vote was unanimous.
October 13,2005
Respectfully submitted,
Georgette A. Laske, Clerk
Board of Finance
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