BOARD OF FINANCE

NOTICE OF EXECUTIVE SESSION

The Board of Finance anticipates voting to go into Executive Session on Wednesday, June 1, 2011 at 7:00 P.M. in Room 309 of Town Hall to discuss pending litigation and personnel matters. No action will be taken.


NOTICE OF PUBLIC HEARING

The Board of Finance will hold its Public Hearing on Wednesday, June 1, 2011 at 8:00 P.M. in the Auditorium of Town Hall. The following items, and any others properly presented before the Board, will be considered:

AGENDA

TRANSFERS IN THE 2010-2011 BUDGET

1. A request from the Deputy Police Chief for a transfer of $17,660 from the Railroad Parking Account #21002219-573500 (Vehicles) to the Railroad Parking Account #210022190-574000 (Computers) in order to purchase an ELSAG license plate reader in lieu of the budgeted pickup truck.

2. A request by the Finance Director for transfers of $27,000 from the Education Account #10106654-583200 (Debt Service, Interest), $54,000 from the Insurance Account #10109902-526000 (Workers Compensation), $3,000 from the Debt Service Account #10110951-583200 (Bond Interest), and $6,000 from the Debt Service Account #10110992-583900 (Bond Anticipation Financing) totaling $90,000 to the Pension Account #10109901-531000 (Fees & Services) to cover the increased volume of expenditures in this account.

APPROPRIATIONS IN THE 2010-2011 BUDGET

3. A request by the Deputy Police Chief for an appropriation of $75,000 from the Railroad Parking Reserve Fund for the town’s portion of a SWRPA comprehensive study of the rail stations and surrounding neighborhoods in Westport.

4. A request by the Deputy Police Chief for an additional appropriation of $90,000 to the Railroad Parking Account #21002219-588000 (Storm Expenses) in order to cover snow removal expenses incurred during the winter storms of 2010-11.

DETERMINATION OF TAX RATE
5. The Board will set the tax rate for Fiscal Year 2011-2012.

DISCUSSION
6. The Board will discuss policies and procedures relating to the lease of Town-owned properties.

APPROVAL OF MINUTES
7. Approve the Board of Finance Minutes of the May 18, 2011 Regular Meeting.

Download Packet for meeting of June 1, 2011

See approved minutes below: