The meeting was called to order by Chairman Joseph Mooney at 7:35 p.m. Also present were Lorraine Young, Kenneth Kaminsky, Victor Cassella and Charles Shelton, Jr. Jeffrey Vailette was absent.
Also present were First Selectwoman, Cheryl Morris, Selectman Richard Sullivan, Selectman John Opie, Marianne Kelly, Town Clerk, James Finch, Finance Director and Kathryn LaBanca, Assistant Finance Director.
1. Ms. Young made the motion, seconded by Mr. Shelton to approve the amended minutes of the February 29, 2007 meeting and the minutes from March 12, 13, 15 and 19, and the Special meeting held on March 19. The motion was passed by unanimous vote.
2. The Board of Finance considered a request from the Tax Collector for the following transfer:
From: 4904-494.59-13 Contingency $(125,000)
To: 4107-407.59-01 Tax Refunds $ 125,000
Mr. Cassella made the motion, seconded by Ms. Young
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $125,000 as requested by the Tax Collector. The vote was unanimous.
3. The Board of Finance considered a request from the Information Technology Director for the following transfer:
From: 4904-494.59-13 Contingency $( 80,000)
To: 5000-500.95-10 Transfer Out-Town Capital Projects $ 80,000
Mr. Cassella made the motion, seconded by Mr. Kaminsky.
It was noted that the original transfer request amount of $90,000 was reduced to $80,000 for the first phase of implementation of VMware based servers.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $80,000 as requested by the Information Technology Director. The vote was unanimous.
4. The Board of Finance considered a request from the Human Resources Director for the following transfer:
From: 4120-420.51-01 Advertising $( 2,000)
To: 4120-420.33-01 ADP $ 2,000
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $2,000 as requested by the Human Resources Director. The vote was unanimous.
5. The Board of Finance considered a request from the Board of Police Commissioners for the following transfer:
From: 4201-421.10-00 Salary & Wages $(138,544)
To: 4201-421.10.90 Overtime $ 134,044
4201-421.42-04 Water & Gas $ 4,500
TOTAL $ 138,544
Mr. Cassella made the motion, seconded by Mr. Kaminsky.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $138,544 as requested by the Board of Police Commissioners. The vote was unanimous.
6. The Board of Finance considered a request from the Town Planner for the following transfer:
From: 4113-413.53-02 Legal Notices $( 350)
To: 4113-413.54-01 Membership & Meetings $ 350
Mr. Cassella made the motion, seconded by Mr. Kaminsky.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $350 as requested by the Town Planner. The vote was unanimous.
7. The Board of Finance considered a request from the Assistant Director of Finance for the establishment of the Branford Summer Studies program fund and to authorize the Town to open an account with the Bank of America for said fund.
Mr. Cassella made the motion, seconded by Mr. Kaminsky.
RESOLVED: That the Board of Finance authorizes the establishment of the Branford Summer Studies Program Fund and authorizes the town to open an account with the Bank of America for said fund. The fund will be used to record the revenue and expenditure activity related to summer studies. The vote was unanimous.
8. The Board of Finance considered a request from the Assistant Director of Finance for the following transfer to open a Branford Summer Studies Program Fund account with the Bank of America:
From: 207-0000-255.04-01 Unappropriated Fund Balance $( 10,000)
To: 211-0000-255.04-01 Unappropriated Fund Balance $ 10,000
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $10,000 as requested by the Finance Director. The vote was unanimous.
9. The Board of Finance heard a presentation from the Finance Director regarding the Town’s current debt situation and the potential impact of future borrowing. Chairman Mooney thanked Mr. Finch for the overview and the packet of information that was distributed
10. The Board of Finance heard a request from the Finance Director to reclassify existing accounts at Citizen’s Bank for the purpose of accepting online tax and sewer use fee collections.
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance authorizes the Town to reclassify existing accounts at Citizen’s Bank for the purpose of accepting online tax and sewer use fee collection. The vote was unanimous.
11. The Board of Finance heard a request from the Finance Director to establish a project expenditures account with Webster Bank for the 2007 Small Cities Grant.
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance does hereby establish a project expenditures account with Webster Bank for the receipt of funds awarded for the 2007 Small Cities Grant. The vote was unanimous.
12. The Board of Finance heard a request from the Finance Director for the following transfer:
From: 4904-494.59-13 Contingency $( 14,250)
To: 4901-491.20-19 Volunteer Fire Stipend $ 14,250
Mr. Cassella made the motion, seconded by Mr. Shelton.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $14,250 as requested by the Finance Director. The vote was unanimous.
13. The Board of Finance heard a request to reappoint the accounting firm of Blum & Shapiro to perform the annual audit for the fiscal year ending 6/30/07.
Mr. Kaminsky made the motion, seconded by Mr. Cassella.
RESOLVED: That the Board of Finance appoints the accounting firm of Blum & Shapiro to perform the annual audit for the fiscal year ending 6/30/07. The vote was unanimous.
Pursuant to a motion made by Mr. Kaminsky and seconded by Mr. Cassella, the Board voted unanimously to add the following items to the agenda:
14. The Board of Finance heard a presentation from the Chairman of the Board of Education and the Superintendent of Schools regarding the health insurance costs for fiscal year 2007-08. No action was taken.
15. The Board of Finance heard a request from the Town Engineer, presented by the Finance Director, Jim Finch, to allow the town the Town to purchase a vehicle for the Engineering Department in lieu of the intended vehicle for the General Government Buildings Department. Mr. Finch clarified that this is a change of use only with no fiscal impact. The RTM is expected to accommodate this change when it adopts the fiscal 2007-08 budget.
Mr. Cassella made the motion, seconded by Ms. Young. The vote was unanimous.
Mr. Cassella made the motion, seconded by Ms. Young to adjourn the meeting at 9:05 p.m. The vote was unanimous.
Dated this 2nd day of May, 2007
Respectfully submitted,
Marianne Kelly, Clerk
Board of Finance
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