RECEIVED NOVEMBER 11, 2009 @ 11:22 A.M.
Michele R. Grande, Redding Town Clerk
REDDING BOARD OF FINANCE
SPECIAL MEETING
NOVEMBER 9, 2009
Filed subject to approval
Present: Alvarez (Chairman), DeSalvo, Viscio, Dolan, Simeonidis, Guffey
Also present: Selectman Takacs, Controller Gniadek, Treasurer O’Donnell, J. Kask & L. Walsh of Blum Shapiro LLC, and eight members of the public.
Mr. Alvarez called the special meeting to order at 7:04 pm
Mr. Alvarez recognized Al Viscio for his service to the Board of Finance and the Town Of Redding. Selectman Takacs, on behalf o the entire town, thanked Mr. Viscio for his contributions and service to the Board of Finance.
PUBLIC COMMENT
Jeanne Wendschuh submitted a series of questions/statements to the Board of Finance regarding the draft audit report for Fiscal 2008-2009. The questions related to the balance in the unreserved general fund as of June 30, 2009, the postretirement health care benefits for police and highway retirees, transfers of more than $10,000, useful life of town roads, and previous misclassifications of grant receipts. Mr. Alvarez responded that most of the questions raised would be addressed during the discussion of the draft report
FISCAL YEAR 2009 AUDIT REPORT DRAFT
Joseph Kask and Lisa Walsh of Blum Shapiro LLC were present to review the draft audit with the board members. Mr. Kask reported that the final issuance of the audit report is dependent upon completion of an actuarial study related to postretirement health care benefits. He expects that report to be completed in mid December.
Mr. Kask reviewed the role of the auditor. He reviewed the explanatory text and various statements in the draft audit report. Board members discussed the need to add additional explanation in some areas. Controller Gniadek will make the suggested changes and circulate the changes to the board members before the audit report is completed.
ADJOURNMENT
Motion: move to adjourn. Simeonidis, DeSalvo. Approved. Unanimous.
The meeting was adjourned at 8:10 pm
Respectfully submitted,
Mary Maday, Recording Secretary
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