March 23, 2009
The meeting was called to order by Chairman Joseph Mooney at 6:04 p.m. Also present were Victor Cassella, Jeffrey Vailette, Charles Shelton, Lorraine Young and Kenneth Kaminsky
1. Approval of the minutes of the Board of Finance meeting from February 23, 2009.
Mr. Cassella made the motion, seconded by Mr. Shelton. The vote was unanimous.
2. The Board of Finance heard a request from Alex Palluzzi, Director of the Recreation Department, for the following transfer:
From: 101-4501-451.42-10 Utilities ( 6,000)
101-4501-451.70-00 Playground Equipment ( 4,000)
101-4501-451.70-30 Power Equipment ( 3,000)
TOTAL (13,000)
To: 101-4501-451.40-03 Grounds R&M 13,000
Mr. Vailette made the motion, seconded by Mr. Cassella.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $13,000 as requested by the Director of the Recreation Department. The vote was unanimous.
3. The Board of Finance heard a request from Joanne Cleary, Tax Collector, for the following transfer:
From: 101-4904-494.59-13 Contingency (50,000)
To: 101-4107-407.59-01 Tax Refunds 50,000
Mr. Cassella made the motion, seconded by Ms. Young.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $50,000 as requested by the Tax Collector. The vote was unanimous.
Finance Director Jim Finch noted that the contingency balance, after this transfer, will be $562,945.
4. The Board of Finance heard a request from Paul Dzialo, Director of East Shore Region Adult and Continuing Education, for the following transfer:
From: 207-4810-481.10-79 Salaries-Non-certified-A.E. (22,000)
207-4810-481.33-27 Purch Svc Prof Tech-A.E. (18,000)
207-4810-481.61-11 Textbooks ( 3,000)
TOTAL (43,000)
To: 207-4810-481.10-78 Salaries Certified-A.E. 43,000
Mr. Cassella made the motion, seconded by Mr. Vailette.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $50,000 as requested by the Director of East Shore Region Adult and Continuing Education. The vote was unanimous.
5. The Board of Finance heard a request from Human Resources Director Joyce Forte for the following transfer:
From: 101-4120-420.10-90 Extra Help ( 300)
101-4120-420.53.01 Advertising ( 3,700)
101-4120-420.54.10 Conferences & Meetings ( 500)
101-4129-420.32.01 hysicals & Inoculations ( 3,000)
TOTAL ( 7,500)
To: 101-4901-490.20-17 Unemployment Compensation 7,500
Mr. Cassella made the motion, seconded by Mr. Shelton.
RESOLVED: That the Board of Finance recommends to the RTM a transfer of $50,000 as requested by the Human Resources Director. The vote was unanimous.
6. The Board of Finance heard a request from Jim Finch, the Finance Director, for an appropriation from the Town Undesignated Fund Balance for non-recurring items related to the new financial system.
From: 101-0000-303.10-16 Fund Balance (31,000)
To: 101-5000-500.95-07 Operating Transfers Out 31,000
Mr. Cassella made the motion, seconded by Mr. Shelton.
Resolved: That the Board of Finance recommends to the RTM an appropriation of $31,000 for non-recurring capital projects related to the new financial system and to increase the General Fund Budget from $88,603,195 to $88,634,195. The increase of $31,000 is funded from undesignated fund balance.
The vote was unanimous.
Mr. Cassella made a motion to adjourn, seconded by Mr. Vailette. The vote was unanimous. The meeting adjourned at 6:24 p.m.
Dated this 24th day of March, 2009
Respectfully submitted,
Marianne Kelly, Clerk
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