BOARD OF FINANCE MINUTES
FEBRUARY 28, 2005
The meeting was called to order by Chairman Mooney at 7:30 p.m. Also present were Lorraine Young, Charles Shelton, Jr., Victor Cassella and Jeffrey Vailette. Not present was Kenneth Kaminsky.
Also present were Selectmen Opie and Kinney, Tax Collector Ken Delfini, and Finance Director Jim Finch.
1. Ms. Young made a motion, seconded by Mr. Cassella to accept the minutes of the January 31, 2005 Board of Finance meeting. The vote was unanimous.
2. The Board considered the Tax Collector’s request for the following transfer which was presented by Kenneth Delfini.
From: 4904-494.59-13 Contingency ($70,000)
To: 4107-407.59-01 Tax Refunds 70,000
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $70,000 as requested by the Tax Collector. The vote was unanimous.
3. The Board considered the Registrar of Voters’ request for the following transfer which was presented by Marion Burkard, Registrar.
From: 4904-494.59-13 Contingency ( $6,602)
To: 4112-412.11-02 Election Workers 4,724
4112.412.11-03 Voting Machine R&M 1,050
4112.412.33-24 Moving and Storage 800
4112.412.54-01 Membership & Meetings 28
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $6,602 as requested by the Registrar of Voters. The vote was unanimous.
4. The Board considered the Human Resources Department’s request for the following transfer which was presented by Jim Finch, Finance Director.
From: 4204-424.10-00 Fire Salaries ($15,628)
To: 4117-417.10-00 Government Building Salaries 15,628
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the R.T.M a transfer of $15,628 as requested by Human Resources Department. The vote was unanimous.
5. The Board considered the Human Resources Department’s request for the following transfer which was presented by Jim Finch, Finance Director.
From: 4904-494.59-13 Contingency ($217,809)
To: 4204-424.10-00 Fire Salaries 100,000
4204-424.10-90 Overtime 3,540
4204-424.10-91 Replace Vacation 6,963
4204-424.10-93 Replace Sick 2,815
4204-424.10-92 Replace Holidays 5,732
4204-424.10-94 Educational Incentive 3,540
4204-424.10-95 Stipends 44,000 4204-424.10-85 Retroactive Wages 51,219 Total $217,809
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $217,809 as requested by Human Resources Department. The vote was unanimous.
6. The Board considered the Fire Commissioners’ request for the following transfers which were presented by Chief Ahern and Chairman Massey, Jr.
From:
424.10-40 Firefighters $50,000.00
424.10-44 Medic 2 $5000.00
424.58-03 Officer Stipend $2400.00
424.58-06 Stewards $2000.00
424.58-07 On Call $1000.00
To:
424.10-90 Overtime $60,400.00
From
424.70-93 Medical Equipment $5000.00
424.58-02 Uniforms $2765.00
424.62-01 Postage $1000.00
To:
424.32-01 Physicals $8765.00
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $69,165 as requested by the Fire Commissioners. The vote was unanimous.
7. The Board discussed the firm of Scully & Wolf LLP to audit the fiscal records of the Town of Branford for the period July l, 2004 to June 30, 2005.
Ms. Young made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance appoints Scully & Wolf, LLP to perform the annual audit for the fiscal year ending June 30, 2005. The vote was unanimous.
8. To consider the Public Works’ request for the following transfers which were presented by Edward Masotta, Director.
From: 4904-494.59-13 Contingency ($67,700)
To: 4301-431.11-09 Overtime 36,000
4301-431.33-21 Tree Warden 8,000
4301-431.43-05 Gasoline 23,700
Mr. Cassella made the motion, seconded by Ms. Young.
From: 4301-431.10-33 Salaries ($ 2,800)
To: 4301-431.11-21 Seasonal Help 2,800
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $70,500 as requested by the Public Work’s Department. The vote was unanimous.
9. The Board reviewed the 4th quarter Performance Evaluation for the Town of Branford
Police/Volunteer Firemen which was presented by Michael Lepore Financial Advisor for Wachovia Securities and Charles Andriole Investment Consultant with Merrill Lynch. Discussion followed. Chairman Mooney thanked them for their presentation.
10. The Board approved a resolution recommending an appropriation of $700,000 from fund balance to the Retiree Benefits Fund.
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the R.T.M an increase in appropriations in the Fiscal Year 2005 General Fund Budget from $75,105,589 to $75,805,589. This increase will be funded through a transfer from unappropriated fund balance and will be used to increase contributions to the Retiree Benefits Fund. The vote was unanimous.
11. The Board discussed the establishment of a capital projects fund for capital projects funded through the general fund.
Mr. Cassella made a motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance approves the establishment of a Capital Projects Fund to account for General Fund appropriations approved by the R.T.M. The vote was unanimous.
Chairman Mooney made a request to add an item to the agenda from the Building Department.
Mr. Cassella made the motion, seconded by Mr. Vailette to add an item to the agenda.
The vote was unanimous.
12. The Board considered the Building Department’s request for the following transfer which was presented by Tony Cinciola, Building Inspector.
From: 4204-425.12-09 Part Time Wage ($20,000)
To: 4205-425.33-07 Consulting Services 20,000
Mr. Vailette made the motion, seconded by Mr. Cassella.
RESOLVED: That the Board of Finance recommends to the R.T.M. a transfer of $20,000 as requested by the Building Department. The Vote was unanimous.
Mr. Cassella made the motion, seconded by Ms. Young to adjourn the meeting at 8:40 p.m. The vote was unanimous.
March l, 2005
Respectfully submitted,
Georgette A. Laske, Clerk
Board of Finance
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