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REDDING BOARD OF FINANCE
REGULAR MEETING
March 27, 2007
Filed subject to approval
Present: Alvarez, DeSalvo, Dolan, Guitar
Also present: Hutvagner, O’Donnell, Ketcham, members of the Redding & Region #9 Boards of Education and school administrators
S. Wolf of the Redding Pilot
Mr. Alvarez called the March 27, 2007 meeting to order at 7:40 pm in the Hearing Room of the Redding Town Office Building.
APPROVAL OF MINUTES
Motion: move to approve the minutes of March 1, 2007(Budget Public Hearing) and March 1, 2007 meeting as submitted. DeSalvo, Dolan. Approved. 3-0-1. Guitar abstained.
DISCUSSION OF REDDING BOARD OF EDUCATION OPERATING BUDGET
Chairman Simeonidis provided a brief overview of the proposed operating budget. The increase over the current budget is 5.63%. Discussion followed.
DISCUSSION OF REGION #9 BOARD OF EDUCATION OPERATING BUDGET
Chairman Pemberton presented information on the Region #9 proposed operating budget. The increase over the current year is 8.99%. The Redding portion of the budget is a 6.66% increase, while Easton will have a 11.97% increase. The Region #9 Board of Education will also include a second question fund capital repair items such as track resurfacing, roof replacement and/or repair, theatre lights replacement, theatre curtain replacement, rooftop unit replacement, master plan development, and contingency, in aggregate not to exceed $1,000,000. Discussion followed.
Motion: move that the Redding Board of Finance accept the Region #9 Board of Education operating budget proposal and the proposed second question as presented. DeSalvo, Guitar. Approved. Unanimous.
DISCUSSION AND ACTION ON 2007-2008 PROPOSED BUDGET
Motion: move that the Redding Board of Finance propose a budget for the town for fiscal 2007-2008 of $41,897,048.14, representing a 6.2% increase over the current budget. DeSalvo, Guitar. Approved. Unanimous.
Mr. Alvarez reported that the revenue side is not considered until the budget is adopted, but he anticipates that the mill rate will remain the same as this fiscal year.
DISCUSSION OF BOARD OF SELECTMEN REQUEST REGARDING REPAIR OF THE TOWN GREEN GAZEBO
Mrs. Ketcham reported the Board of Selectmen is not ready to submit a request at this time.
DISCUSSION AND ACTION ON AUDIT COMMITTEE RECOMMENDATION FOR AUDITORS
Mr. Alvarez reported the Audit Committee reviewed all submittals for services, interviewed three firms, and recommended the firm of Blum & Shapiro, LLC. Region #9 and the Town of Easton received the same recommendation.
Motion: move that the Redding Board of Finance accept the recommendation of the Audit Committee and accept the proposal of Blum & Shapiro LLC as auditors for the Town of Redding. DeSalvo, Dolan. Approved. Unanimous.
YEAR TO DATE FINANCIALS & CONTROLLER’S REPORT
Mr. Hutvagner reported the town departments are tracking as anticipated, but the recent snow & bad weather has had an impact on the Highway Department budget for sand and salt. For the next meeting, he will ask the department heads to re-forecast their expenditures and revenue to the end of the fiscal year.
ADJOURNMENT
The Chair adjourned the meeting at 8:35 pm.
Respectfully submitted,
Mary Maday, Recording Secretary
Mary
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