BOARD OF FINANCE
SEPTEMBER 13, 2011
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Attendance: Chairman Janet Brunwin, Sally Huyser, Robert Brinton Jr., Aileen Magda, John Grabowski, Chip Spear, First Selectwoman Derrylyn Gorski

Chairman Brunwin called the meeting of the Board of Finance to order at 7:02 p.m. Chairman Brunwin welcomed Aileen Magda to her first Board of Finance meeting.

APPROVAL OF MINUTES
Chairman Brunwin moved to approve the minutes of the meeting of June 14, 2011. Sally Huyser seconded the motion. Chip Spear questioned the corrections made to the minutes of the meeting of May 31, 2011. Chairman Brunwin could not verify Chip’s question. Approval of the minutes was then tabled until the next meeting.

CHAIRMAN’S REPORT
AMITY FINANCIAL COMMITTEE MEETING
Chairman Brunwin had attended the most recent meeting of the Amity Financial Committee. She reported that Jamie Stirling has been appointed Chairman of the Finance Committee. Chairman Brunwin gave a list of the dates for budget preparation, Public Hearing and the Amity Referendum. Amity closed the year with a $342,000 surplus. This surplus was transferred to the Capital Expenditure account. There will be no refunds to the Towns this year. Roof replacement to the original building was mentioned as a possible Capital request. The committee discussed purchase of a large generator that would power the whole building. They estimated the cost to be $500,000.


BUDGET PREPARATION FOR FISCAL YEAR 2012-13
Chairman Brunwin wanted Board members to be thinking of “how our budget for next year is going to look.

LONG TERM PLANNING COMMITTEE
The Board discussed appointments to the Long Term Planning Committee. Names suggested were Jamie Stirling, Chip Spear, Stephen Squinto, Sharon Huxley and Robert Brinton Jr. Robert Brinton Jr. declined appointment to that committee.

AUDIT
Chairman Brunwin reported that the audit is in progress, however she had nothing to report at this time.

BOND ISSUE
Refinancing of the bonds and possibly putting the road bonding into one issue was discussed. Refinancing of the bonds should save $200,000 in interest.

FIRST SELECTMEN’S REPORT
HURRICANE IRENE
First Selectwoman Gorski reported that the Town Highway labor overtime for Hurricane Irene was $11,400. Alan Green, Rod White and June Riley will attend the FEMA class to see if the Town of Bethany qualifies for assistance.

ROAD STUDY
The Road Study conducted by COG is available. The date will be announced for a Public Hearing on this matter. The Board of Finance requested a list of roads that would be completed during this fiscal year.

OCTOBER BOARD OF FINANCE MEETING DATE CHANGE
Chairman Brunwin asked if the Board of Finance meeting for October could be moved to October 4, 2011 as she would be traveling during the week of October 9, 2011. All agreed that it could.

APPOINTMENT OF A CHAIRMAN
All Board of Finance members agreed unanimously that Janet Brunwin should serve as the chairman for the Board of Finance for 2011-12 fiscal year.

ADJOURNMENT
Adjournment was called at 7:55 p.m. after a motion was moved by Sally Huyser and seconded by John Grabowski. The vote taken was unanimous.


Respectfully submitted,


June G. Riley
Clerk, Board of Finance