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Minutes of Board of Finance, 08/28/2017 7:30pm

AGENDA: Board of Finance

RECEIVED 08/31/2017 10:21am
Michele R. Grande – Redding Town Clerk

Board of Finance
Monday, August 28, 2017
7:30 p.m., Town Hall Hearing Room

MINUTES

Present: William Alvarez, Chairman; S. Clark; W. Mazzucco; J. Dolan; K. Yonkers; M. Lewis.

Also present: Julia Pemberton, First Selectman; P. O’Donnell; M. Thompson; S. Gniadek; J. Meehan; W. Higgins; members of WPCC; members of the public; reporter; videographer.

The Chairman called the meeting to order at 7:30 p.m.

1. To approve Minutes of Meeting held on July 24, 2017

On the motion of W. Mazzucco and the second of S. Clark, the Board voted to approve the July 24, 2017 Meeting Minutes. J. Dolan abstained.

2. Tax Collector’s Report

No new information.

3. Finance Director’s Report

Steve Gniadek reported that Gov. Malloy’s Executive Order issued on 8/18/17 has reduced State Aid to Redding to zero resulting in a revenue shortfall of $477,000. The amount in the budget for the elementary, middle and Redding’s portion of Region 9 is $574,613.

The $270,000 in Town Road Aid has now been reduced to zero.

Mr. Gniadek reported that the State has requested a fund balance forecast.

4. Treasurer’s Report

Janice Meehan reviewed and made corrections to submitted reports.
5. WPCC Plant Update

Rich Regan and Jim Miller were present for the WPCC. Mr. Miller reported that the plant is running well and the isolator project has been completed.

A project definition will be presented in September. There are four items for consideration in a referendum: costs from the 6/17 plant failure; independent power company study; isolator upgrade and conversion from analog to digital. Final cost for the plant failure will be determined pending receipt of an outstanding invoice.

Mr. Miller reported on possible liability costs for Layne Christensen. Mr. Miller stressed that Veolia will not be part of liability discussion.

6. Reports from Individual Board members as assigned

Susan Clark reported on her meeting with the members of the Board of Education who are negotiating the new contract with the teacher’s union. She publicly lauded Dr. McMorran for his work and reported that there is consideration of a re-introduction of additional salary tiers.

7. Correspondence and Administrative matters

Chairman Alvarez reported on a recent incident involving public review of notes taken by the Recording Secretary.

On the motion of K. Yonkers and the second of W. Mazzucco, the Board voted unanimously that the Recording Secretary will destroy the notes after submission of final approved Minutes.

Chairman Alvarez noted that he has requested the health reserve analysis from the Board of Education, which reflects monthly historical claims and corresponding changes in the reserve balanced, and is awaiting the analysis.

Review of controls at the Central Office is in a preliminary stage.

On the motion of W. Mazzucco and the second of M. Lewis, the Board voted unanimously to change the September 25, 2017 meeting to October 2, 2017 Special Meeting.

On the motion of K. Yonkers and the second of W. Mazzucco, the Board voted unanimously to adjourn the meeting at 8:30 p.m.

Submitted by:
Kristi C. Reilly