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REDDING BOARD OF FINANCE
REGULAR MEETING
December 18, 2006
Filed subject to approval
Present: Alvarez, Cotton, DeSalvo, Dolan, Guitar, Viscio
Also present: Hutvagner, O’Donnell, P. Sullivan, L. McHale
Mr. Cotton called the December 18, 2006 meeting to order at 7:30 pm in the Conference Room of the Redding Town Office Building.
APPROVAL OF MINUTES
Motion: move to approve the minutes of November 27, 2006 as submitted. DeSalvo, Alvarez. Approved. 5-0-1. Guitar abstained.
Motion: move to approve the minutes of November 30, 2006 as submitted. DeSalvo, Alvarez. Approved. 5-0-1. Viscio abstained.
YEAR TO DATE FINANCIALS & CONTROLLER’S REPORT
The year to date financial report was reviewed. Mr. Hutvagner reported the CL&P rates are expected to increase 30%, the Town will be locking in a price shortly. Mrs. Sullivan noted that the schools locked in a price a year ago at a good rate. Mr. Hutvagner added that electrical fixtures at the Community Center, Police Station, Highway Department and Recycling Center are being replaced with more energy efficient fixtures.
ADMINISTRATIVE MATTERS
1. Mr. Viscio asked if there was a mechanism for reporting on Capital Projects as they completed, as requested by a member of the public at the last meeting. Mr. Hutvagner’s assistant will begin working on gathering this type of information. Mr. Hutvagner will try to have this information for the next meeting.
EXECUTIVE SESSION
Motion: move to executive session for a discussion of negotiations. DeSalvo, Alvarez. Approved. Unanimous. Mr. Hutvagner, Ms. McHale, Mrs. O’Donnell, and Mrs. Sullivan were invited to be present.
The meeting recessed at 7:50 pm
RECONVENE
The Chair reconvened the meeting in public session at 8:23 pm.
Motion: move that the Redding Board of Finance go out for an Request for Proposal for auditors for the 2007-2008 fiscal year and up to the next five years. Alvarez, Dolan. Approved. Unanimous.
ADJOURNMENT
The Chair adjourned the meeting at 8:25 pm.
Respectfully submitted,
Mary Maday, Recording Secretary
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