The meeting was called to order by Chairman Joseph Mooney at 7:35 p.m. Also present were Lorraine Young, Charles Shelton, Jr., Victor Cassella and Jeffrey Vailette. Kenneth Kaminsky was not present.
Also present were First Selectman Anthony ‘Unk’ DaRos, Third Selectman John Opie, James Finch, Finance Director, Kathryn LaBanca, Asst. Finance Director and Marianne Kelly, Town Clerk.
1. Ms. Young made the motion, seconded by Mr. Vailette, to approve the minutes of the January 28, 2008 meeting. The vote was unanimous.
2. The Board of Finance heard a presentation from Timothy Ryor of Hooker and Holcombe regarding the recent actuarial valuation on the Police Retirement Fund.
3. The Board heard a presentation from Charles Andriole, Merrill Lynch and Krista Picco, Wachovia Securities regarding the performance of the pension fund. Mr. Andriole suggested that the Board look at rebalancing the pension portfolio. Chairman Mooney felt a conference call with other Board of Finance members would be the next step and once all the information was gathered, they could make this decision.
4. The Board of Finance heard a presentation from Gerald Paradis regarding the FY 2006-07 Audit by BlumShapiro and Company, PC.
5. The Board of Finance heard a request from the Peter Hugret, IT Director; James Finch, Finance Director; Kathleen Halligan, Superintendent of Schools and Tashie Rosen, Board of Education Business Manager for consulting services and for the purchase of a new financial system. The request for this project was for $222,452.
From: 101-0000-255.04-01 Undesignated Fund $(222,454)
To: 101-5000-500.95-10 Capital Projects $ 222,454
Mr. Vailette made the motion, seconded by Mr. Cassella.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $222,454 as requested by Peter Hugret, IT Director; James Finch, Finance Director; Kathleen Halligan, Superintendent of Schools and Tashie Rosen, Board of Education Business Manager. The vote was unanimous.
6. The Board of Finance heard a presentation from the Superintendent of Schools regarding the Board of Education’s Custodial Contract for July 1, 2007 through June 30, 2010.
7. The Board of Finance heard a request from the Board of Fire Commissioners for the following transfer (FY 2007-08):
From: 101-4204-424.10-00 Salaries $(118,000)
To: 101-4204-424.10-90 Overtime $ 100,000
101-4204-424.10-93 Sick $ 18,000
TOTAL $ 118,000
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $118,000 as requested by the Board of Fire Commissioners. The vote was unanimous.
8. The Board of Finance heard a request from the Board of Police Commissioners for the following transfer (FY 2007-08):
From: 101-4201-421.10-00 Salaries & Wages $(150,000)
101-4904-494.59-13 Contingency $( 45,965)
TOTAL $(195,965)
To: 101-4201-421.10-90 Overtime $ 127,750
101-4201-421.42-02 Electricity $ 5,000
101-4201-421.10-85 Gasoline $ 15,000
101-4201-421.54-01 Memb. & Meetings $ 250
101-4201-421.58-02 Uniforms & Clothing $ 2,000
101-4201-421.10-99 Accum. Sick Pay $ 45,965
TOTAL $ 195,965
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $195,965 as requested by the Board of Police Commissioners. The vote was unanimous.
9. The Board of Finance heard a request for a recommendation by the Solid Waste Management Commission to award a 2-year contract for the Thimble Islands Refuse and Recyclable Collection Contract to Greenvall & Sons, LLC for the 2008 and 2009 seasons, and, if appropriate, pass that recommendation on to the Board of Selectmen.
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance accepts the recommendation of the Solid Waste Management Commission to advise the Board of Selectmen to accept this contract. The vote was unanimous.
10. The Board of Finance heard a request from the Branford Counseling Center for the following transfer (FY 2007-08):
From: 101-4401-441.10-00 Salaries $( 10,000)
To: 101-4401-441.59-06 Homeless Relief $ 10,000
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $10,000 as requested by the Branford Counseling Center. The vote was unanimous.
11. The Board of Finance heard a request from the Town Engineer for the following transfer (FY 2007-08):
From: 101-4904-494-59-13 Contingency $(120,000)
To: 101-5000-500.95-10 Capital Projects $ 120,000
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $120,000 as requested by the Town Engineer. The vote was unanimous.
12. The Board of Finance heard a request from the Town Engineer for the approval of an additional $69,000 from the current Tabor Drive property for environmental testing and engineering. Chairman Mooney noted that this was not a transfer request, but an informational presentation of the use of these previously approved funds. No action was taken.
13. The Board of Finance heard a presentation from Randi Frank, personnel consultant, and Joyce Forte, Human Resources Director, regarding the results of her study of town salaries and wages for unaffiliated employees.
First Selectman DaRos welcomed Joyce Forte to Branford in her new position as the new Director of Human Resources.
Dated this 27th day of February, 2008.
Respectfully submitted,
Marianne Kelly, Clerk
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