BOARD OF FINANCE
OCTOBER 4, 2011
SPECIAL MEETING
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Attendance: Chairman Janet Brunwin, Chip Spear, Sally Huyser, Robert Brinton Jr., Aileen Magda, First Selectwoman Derrylyn Gorski

Chairman Brunwin called the meeting of the Board of Finance to order at 7:05 p.m. The meeting was held in the Conference Room of the Bethany Town Hall.

APPROVAL OF MINUTES
Chairman Brunwin moved a motion to approve the minutes of the meeting of June 14, 2011. Approval had been tabled due to questions regarding the additional funds received from Amity. Chairman Brunwin explained that $15,000 had been allocated to do an accounting upgrade project, modifying account numbers and setting up general ledger and other funds within our accounting program, and the remainder of the funds will be added to the Capital Fund. Chip Spear then seconded the amended minutes. The vote was called. The vote taken was four yes votes and one abstention that of Aileen Magda as she was not a member of the Board of Finance at that time.

Chairman Brunwin moved to approve the minutes of September 13, 2011. The motion was seconded by Sally Huyser. The vote was called. The vote taken was unanimous.

CORRESPONDENCE
Correspondence was received from David Forman, Tax Collector. In his letter David indicates that the collections through September are in line with last year’s collections.

AMITY FINANCE COMMITTEE
Chairman Brunwin reports that Amity will be starting teacher negotiations. Jamie Stirling will serve as chairman of that committee. The first meeting is October 17, 2011. Aileen Magda volunteered to attend that meeting.

LONG TERM FINANCIAL PLANNING COMMITTEE
John Grabowski, Sharon Huxley, Chip Spear Stephen Squinto and Jamie Stirling have all agreed to serve on the Long Term Financial Planning Committee.

AUDIT FISCAL YEAR 2010-11
Marian & Company LLC have just about completer the audit. They will be in for the November meeting to review with the Board of Finance the audit. At this time there appears to be a slight surplus.

HURRICANE IRENE
First Selectwoman Gorski reported that FEMA will reimburse the Town of Bethany for overtime paid during Hurricane Irene. It is estimated there was at least $400,000 in road damages caused by
the storm. Road damage costs are not covered under FEMA.






BOND REFUNDING
First Selectwoman Gorski is still gathering information to complete the Bond Refunding project for Webster Bank.

ADJOURNMENT
Adjournment was called at 7:30 p.m. after a motion was moved by Sally Huyser and seconded by Chip Spear. The vote was called. The vote was unanimous.


Respectfully submitted,


June G. Riley
Clerk, Board of Finance