Friday, June 3, 2011

MAY 31, 2011
Page 1 of 1

Attendance: Chairman Janet Brunwin, Stephen Squinto, John Grabowski, Robert Brinton Jr.
First Selectwoman Derrylyn Gorski

Chairman Brunwin called the meeting of the Board of Finance to order at 7:00 p.m. The meeting was held in the Conference Room of the Bethany Town Hall.

Chairman Brunwin moved to approve the minutes of the meeting of April 25, 2011. Robert Brinton Jr. seconded the motion. Chairman Brunwin then moved to amend the minutes as follows:

Board of Finance adopted this policy at their meeting on April 1, 2004. The Board of Finance voted unanimously at that time to keep police revenues separate. Following discussion Chairman Brunwin moved to transfer $25,000 to the Capital Reserve Fund for Non-recurring Expenditures, from the GENERAL FUND, for the purpose of purchasing a police cruiser during fiscal year 2010-11 from the Capital Reserve Fund for Non-recurring Expenditures, with approval to be voted at the Annual Town Meeting May 16, 2011. Sally Huyser seconded the motion. The vote taken was unanimous.

The Board discussed the setting up of new account numbers and the development of the General Ledger, Balance Sheet and Trial Balance reports for the Town’s accounting system. Following discussion it was determined that $15,000 should be appropriated as a Capital and Non-recurring Expenditure for this purpose. Chairman Brunwin then moved a motion to increase the PROPOSED BUDGET FOR THE Fund for Capital & Nonrecurring Expenditures from $450,000 to $484,819 to include the $15,000 expenditure for audit services to set up the changes to the accounting system. The motion was seconded by Sally Huyser. The vote taken was unanimous.

The salary increases as appropriated at last year’s Annual Town Meeting and listed as Reserve for Negotiations will be transferred to the individual line items ON THE PROPOSED BUDGET TO BE SENT WITH THE CALL. THERE WILL BE A COLUMN FOR ORIGINAL BUDGET AND ONE FOR REVISED BUDGET WHICH WILL REFLECT THE TRANSFER.

Stephen Squinto seconded the motion to amend the minutes. The vote taken on the amended minutes was unanimous.

The Chairman opened discussion on setting of mill rate. The Board members reviewed the current budget report. There were no significant changes in the budget noted since the Annual Town Meeting. There were no changes in the Governor’s Budget to report. The Board briefly discussed reducing the mill rate to 28 mills, however that would cause a change of about $44,000 to the budget. A motion was then moved by Stephen Squinto to set the mill rate at 28.06 mills. John Grabowski seconded the motion. The vote was called. The Board voted unanimously to approve the mill rate at 28.06 mills.

Adjournment was called at 7:12 p.m. after a motion was moved by Stephen Squinto and seconded by John Grabowski. The vote taken was unanimous.

Respectfully submitted,

June G. Riley
Clerk, Board of Finance