MINUTES
September 25, 2006
UNAPPROVED
The meeting was called to order by Chairman Joseph Mooney at 7:30 p.m. Also present were Kenneth Kaminsky, Lorraine Young and Jeffrey Vailette. Victor Cassella and Charles Shelton, Jr. were absent
Also present were Selectwoman Cheryl Morris, Selectman Richard Sullivan, Selectman John Opie, Marianne Kelly, Town Clerk, and Jim Finch, Finance Director.
Chairman Mooney made a request to add the following items to the agenda:
o A request from the Board of Police Commissioners
o A request from the Finance Director
o A presentation from the Finance Director
Ms. Young made the motion, seconded by Mr. Kaminsky to add these items; the vote was unanimous.
1. Mr. Vailette made the motion, seconded by Ms. Young, to approve the minutes of the August 28, 2006 meeting. The motion was passed by unanimous vote.
2. The Board considered a request from the Office of the Registrar of Voters for the following transfer:
From: 4904-494.59-13 Contingency $( 15,000)
To: 4112-412.11-02 Election Workers $ 11,715
4112-412.61-01 Operating Supplies 2,305
4112-402.33-24 Moving and Storage 980
TOTAL $ 15,000
Ms. Young made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $15,000 as requested by the Registrar’s of Voters. The vote was unanimous.
3. The Board considered a request from the Board of Fire Commissioners for the following transfer:
Fiscal Year 2005-06
From: 4204-424.10-00 Salaries $( 38,243)
4204-424.10-38 Special $( 1,000)
4204-424.10-51 Fire Marshall $( 1,000)
4204-424.10-95 Stipends $( 750)
4204-424.15-00 Accrued Payroll $( 844)
4204-424.30-00 Admin Expenses $( 314)
4204-424.32-01 Physicals $( 3,743)
4204-424.33-03 Amb. Billing $( 16,308)
4204-424.41-01 Service Contracts $( 1,128)
4204-424.41-03 Repair & Maint. $( 11,743)
4204-424.41-05 Replace Equip $( 1,619)
4204-424.41-09 Hose $( 371)
4204-424.41-13 C-Med $( 778)
4204-424.42-02 Electricity $( 5,399)
4204-424.54-01 Membership $( 45)
4204-424.58-01 Training $( 7,452)
4204-424.58-04 Fire Prevention $( 634)
4204-424.58-06 Stewards $( 640)
4204-424.61-01 Operating Supplies $( 616)
4204-424.62-02 Postage $( 1,241)
4204-424.70-07 Portables $( 200)
4204-424.70-10 SCBA $( 176)
4204-424.70-11 Vol. Equipment $( 2,204)
4204-424.70-93 Medical Equip. $( 3,507)
TOTAL $( 99,955)
To: 4204-424.10-44 Medic 3 $ 886
4204-424.10-47 Utility $ 981
4204-424.10-90 Overtime $ 29,014
4204-424.10-91 Vacation $ 4,397
4204-424.10-92 Holiday $ 5
4204-424.10-93 Sick $ 33,031
4204-424.10-94 Education Incentive $ 5,255
4204-424.13-00 Longevity $ 795
4204-424.42-06 Marine Fuel $ 164
4204-424.42-09 Hydrants $ 23,688
4204-424.56-00 Training $ 1,200
4204-424.58-02 Uniforms $ 168
4204-424.61-15 Medical Supplies $ 371
TOTAL $ 99,955
Mr. Kaminsky made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $99,955 as requested by the Board of Fire Commissioners. The vote was unanimous.
4. The Board considered a request from Board of Police Commissioners for the following transfer:
Fiscal Year 2005-06
From: 101-4201-421.10-90 Overtime $( 3,560)
101-4201-421.10-92 Holiday $( 3,837)
TOTAL $( 7,397)
To: 101-4201-421.10-91 Vacation $ 7,397
From: 101-4201-421.10-93 Sick $( 1,177)
To: 101-4201-421.10-36 School Guards $ 202
101-4201-421.10-95 Super Training $ 664
101-4201-421.32-01 Physicals & Inoculations $ 94
101-4201-421.41-05 Replace Equipment $ 152
101-4201-421.54-01 Membership & Meetings $ 65
TOTAL $ 1,177
5. The Board considered a request from the Finance Director for a transfer of $100,000 in unspent funds, previously for health insurance, into the newly created Self Insurance Fund.
From: 101-4902-492.20-09 Health Insurance $(200,000)
To: 101-4902-492.95-10 Medical Insurance Fund ` $ 200,000
Finance Director, Jim Finch, stated that the creation of the self insurance fund aligns the decision to self insure dental and prescription drug costs with an appropriate financial structure. It also represents an incremental approach to self insurance and provides valuable experience in managing self insured risks. In addition, the Board of Education had expressed a desire to contribute $179,371 into the fund. Discussion followed and Mr. Kaminsky suggested increasing the municipal contribution from $100,000 to $200,000.
The Board concurred and adopted the following resolution pursuant to the motion made by Mr. Kaminsky, and seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer for $200,000 from health benefits into the Medical Self Insurance Fund. This contribution will supplement the Board of Education’s contribution of $179,371 and provide the fund with needed reserves. The vote was unanimous.
6. Mr. Finch provided the Board of Finance with a brief overview of the results of the Connecticut conference of Municipality’s (CCM) efforts to obtain competitive bids for electricity. Mr. Finch noted that the town and Board of Education elected to lock in the cost of electricity for five years which effectively insulates the Town and Board of Education from rising electric rates for a five year period beginning 1/1/07.
Ms. Young made the motion, seconded by Mr. Vailette to adjourn the meeting at 8:10 p.m. The vote was unanimous.
Dated this 26th day of September, 2006
Respectfully submitted,
Marianne Kelly, Clerk
Board of Finance
| 
