BOARD OF FINANCE
SEPTEMBER 8, 2009
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Attendance: Chairman Janet Brunwin, Sally Huyser, Robert Brinton Jr., John Grabowski, Chip Spear
Absent: Steven Squinto
Chairman Brunwin called the meeting of the Board of Finance to order at 7:02 p.m. The meeting was held in the Conference Room of the Bethany Town Hall.
APPROVAL OF MINUTES FOR MEETING OF JUNE 18, 2009
Chairman Brunwin called for a motion of approval for the minutes of the previous meeting. The motion was moved by Chairman Brunwin. Brinton Jr. seconded the motion. There were no changes made to the minutes. The vote was called. The vote taken was three (3) yes votes for approval. There were two (2) abstentions that of Spear and Grabowski because they were not members of the Board at that time.
Chairman Brunwin reported that she has submitted to the State information requested from them regarding the Management Report.
Chairman Brunwin has formed a committee to work on an internal control handbook. On the committee will be Chairman Brunwin, John Grabowski and Dominick Reis.
Chairman Brunwin reports that the lease purchase agreement for the new dump truck for the Highway Department and the breathing apparatus for the Fire Department has been signed. The bid of CalFirst was accepted with an interest rate of 3.75%. This rate was under the estimate for the 2009-10 fiscal year budget.
Discussion was opened by Chairman Brunwin regarding the Federal Stimulus Grant for Boards of Educations. This grant money will go directly to Boards of Education and not to the Towns. A verbal agreement was reached with our local Board of Education in May, however following this discussion Huyser moved that the Town may reduce its budgeted appropriation to the local or regional board of education by an amount up to the limit of funds received directly by such board from the State Fiscal Stabilization Fund pursuant to Title XIV of the American Recovery and Reinvestment act of 2009, P.L. 111-5, for such fiscal year, such board of finance or such authority making appropriations for the school district for each town failed to account for the direct provision of such fiscal stabilization funds to such local or regional boards of education. Brinton Jr. seconded the motion. The vote was called. The vote was unanimous.
REVIEW OF FINANCIAL REPORTS
The Board reviewed the closing financial reports for fiscal year 2008-09. No problem areas were noted.
The reports for the 2009-10 fiscal year budget were also reviewed. There were no problem areas noted.
OCTOBER MEETING DATE CHANGE
All Board of Finance members were in agreement with Chairman Brunwin to change the October meeting date to October 6, 2009. This would be a special meeting. The regularly scheduled meeting will be canceled.
Adjournment was called at 8:05 p.m. after a motion was moved by Grabowski and seconded by Huyser. The vote taken was unanimous.
June G. Riley
Clerk, Board of Finance