Select Page

Minutes of Board of Finance Special Meeting, 12/14/2020

AGENDA: Board of Finance Special Meeting

RECEIVED 12/21/2020 1:28pm
Kathleen R. Miserendino - Redding Deputy Town Clerk

TOWN OF REDDING
BOARD OF FINANCE SPECIAL MEETING MINUTES
MONDAY, 12/14/2020
ZOOM 7:00PM

Filed subject to approval.

Present:   Dr. Kimberly Yonkers, Chair; Ward Mazzucco, Vice Chair; Jamie Barickman; Rob Dean; Ed Miller; and Jenifer Wyss

Also Present:   Steve Gniadek, Finance Director; Pat Moisio, Tax Collector; Wes Higgins, Treasurer; First Selectwoman Julia Pemberton; Selectwoman Peg O’Donnell; Selectman Michael Thompson; Superintendent of Schools Dr. Rydell Harrison; Clarence Zachary, Finance Director for Central Office; Chris Parkin, Redding BOE Chair; Members of the Public

Chair Yonkers called the meeting to order at 7:13PM.

 Discussion followed concerning setting up Zoom meetings and whose responsibility it is to do this.

  1. To Approve the Minutes of the BOF Meeting held on Monday, 11/23/2020

MOTION:  Mr. Mazzucco made a motion to approve the minutes of the BOF Meeting held on Monday, 11/23/2020. Mr. Dean seconded the motion. The following changes were noted:

Mr. Mazzucco asked to add a sentence to the last paragraph of item 4, OPEB Trust Update. The sentence is as follows, “Members of the Board indicated they had no objection”.

Ms. Wyss asked about the motion that approved the CAFR. She asked for this motion to include the additional comments and edits that were submitted to the auditor.

Chair Yonkers asked that the minutes should reflect the lengthy discussion about restating the GLDC property tax receivable and allowance to the prior year.

Mr. Mazzucco made a motion to amend the Minutes of the BOF Meeting held on Monday, 11/23/2020 with the previously noted changes. Mr. Dean seconded the motion.

The vote was unanimous, and the motion carried.

  1. 2019-2020 CAFR Final Adjustments

Mr. Gniadek addressed the BOF.

The Management’s Discussion and Analysis was discussed. Various edits were presented to the BOF.

Mr. Mazzucco asked about Georgetown taxes and how they should be accounted for in the CAFR. Discussion followed concerning the collection of delinquent taxes and how this will be reflected.

Chair Yonkers asked the BOF to table this discussion.

MOTION:   Mr. Mazzucco made a motion to defer discussion of the CAFR until the conclusion of the Tri-Board Meeting. Mr. Dean seconded the motion. The vote was unanimous, and the motion carried.

Chair Yonkers called the tri-board meeting to order at 7:32PM.

  1. Public Comment

Chair Yonkers opened the floor to Public Comment.

There was no Public Comment.

  1. Joint meeting with Board of Selectman and Board of Education to discuss 2021-2022 Budget

Chair Yonkers opened the floor to the Tri-Board Presentations.

Chris Parkin, Chair of the Redding BOE, addressed the BOF. He presented various budget drivers for the upcoming budget season. Discussion followed concerning these items.

First Selectwoman Julia Pemberton addressed the BOF and presented her budget drivers. Discussion followed.

  1. Public Comment

Chair Yonkers opened the floor to Public Comment.

There was no public comment.

  1. 2019-2020 CAFR Final Adjustments (Continued)

Discussion continued about anticipated tax income from the Gilbert & Bennett site as a result of the foreclosure.

MOTION:  Mr. Mazzucco made a motion to approve and accept the CAFR as presented this evening. Ms. Wyss seconded the motion. The vote was unanimous, and the motion carried.

Public Comment:

Chair Yonkers opened the floor to Public Comment. There was no Public Comment.

MOTION:   Mr. Miller made a motion to adjourn. Mr. Mazzucco seconded the motion. The vote was unanimous, and the motion carried.

The meeting was adjourned at 9:02PM.

Submitted by,
Zachary Smith

Accessibility Tools
hide