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Board of Finance Agenda- REVISED
- Date: 01/03/2018 7:45 PM
- Location: Town Hall- Room 201/201A
Connecticut
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WESTPORT CONNECTICUT REVISED Item #6
BOARD OF FINANCE
NOTICE OF EXECUTIVE SESSION
The Board of Finance will hold a Special Meeting on Wednesday, January 3, 2018 at 7:45 p.m. in Room 201/201A of Town Hall for the following purposes:
1. To discuss and approve the telecommunication lease between the Town of Westport and Sprint for space on the cell tower and roof located at the firehouse, 515 Post Road East. It is anticipated that the Board will vote to go into Executive Session to discuss the negotiations and financial terms of these lease.
NOTICE OF PUBLIC MEETING-REVISED
The Board of Finance will hold its Public Meeting on Wednesday, January 3, 2018 at 8:00 p.m. in Room 201/201A of Town Hall for the following purpose:
AGENDA
1. To approve the Board of Finance Minutes of the December 6, 2017 Regular Meeting.
2. Financial Report from the Finance Director. (Discussion Only)
3. Status Update from the Audit Manager. (Discussion Only)
4. To review and agree on the proposed Board of Finance calendar for 2018. Including regular audit, pension and investment sub-committees.
5. To recommend the lease of Cell Tower space to Sprint at the Firehouse.
6. Board of Finance Action Plan Summary:
NO. ACTION ITEMS OWNER TARGET DATE
1. Health insurance BOE/Town meeting on Dec. 18, 2017 to clarify scope of the project and to develop a work plan. Need to prepare complete analysis and projections to FY2019, suggest a reserve policy as separate Town & BOE, with impact on FY2018 & FY2019. Recommendations by end of January. All BOF, Gary Conrad, Elio Longo, Jim Marpe, & Coleen Palmer 12/21/17
2. OPEB. Recommendations for contributions policy B. Stern & J. Westphal 1/30/18
3. Reserves – General Fund
Track from 34.1 M to YE 2017 to current balance G. Conrad 1/30/18
4. Capital Non-Recurring - Track Three (3) years Contribution in 2019 Budget. G. Conrad 1/30/18
5. Education Facilities Fund Tracking from Year End 2017 to current balance E. Longo 1/30/18
6. Insurance Reserve – Recommendation for reserve level based on history. E. Longo 1/30/18
7. Railroad Parking – Present use of railroad parking reserve in 2019. Police Chief Foti 1/30/18
8. Wakeman Town Farm – Pay down analysis for loan. G. Conrad 1/30/18
9. BOE Cafeteria Fund – Develop current status. E. Longo 1/30/18
Note: The practice for upcoming BOF regular meetings will be to close the meetings at 10:00 PM. Motions to extend individual meetings can be heard.
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WESTPORT CONNECTICUT REVISED Item #6
BOARD OF FINANCE
Download Board Packet for this meeting [PDF]
NOTICE OF EXECUTIVE SESSION
The Board of Finance will hold a Special Meeting on Wednesday, January 3, 2018 at 7:45 p.m. in Room 201/201A of Town Hall for the following purposes:
1. To discuss and approve the telecommunication lease between the Town of Westport and Sprint for space on the cell tower and roof located at the firehouse, 515 Post Road East. It is anticipated that the Board will vote to go into Executive Session to discuss the negotiations and financial terms of these lease.
NOTICE OF PUBLIC MEETING-REVISED
The Board of Finance will hold its Public Meeting on Wednesday, January 3, 2018 at 8:00 p.m. in Room 201/201A of Town Hall for the following purpose:
AGENDA
1. To approve the Board of Finance Minutes of the December 6, 2017 Regular Meeting.
2. Financial Report from the Finance Director. (Discussion Only)
3. Status Update from the Audit Manager. (Discussion Only)
4. To review and agree on the proposed Board of Finance calendar for 2018. Including regular audit, pension and investment sub-committees.
5. To recommend the lease of Cell Tower space to Sprint at the Firehouse.
6. Board of Finance Action Plan Summary:
NO. ACTION ITEMS OWNER TARGET DATE
1. Health insurance BOE/Town meeting on Dec. 18, 2017 to clarify scope of the project and to develop a work plan. Need to prepare complete analysis and projections to FY2019, suggest a reserve policy as separate Town & BOE, with impact on FY2018 & FY2019. Recommendations by end of January. All BOF, Gary Conrad, Elio Longo, Jim Marpe, & Coleen Palmer 12/21/17
2. OPEB. Recommendations for contributions policy B. Stern & J. Westphal 1/30/18
3. Reserves – General Fund
Track from 34.1 M to YE 2017 to current balance G. Conrad 1/30/18
4. Capital Non-Recurring - Track Three (3) years Contribution in 2019 Budget. G. Conrad 1/30/18
5. Education Facilities Fund Tracking from Year End 2017 to current balance E. Longo 1/30/18
6. Insurance Reserve – Recommendation for reserve level based on history. E. Longo 1/30/18
7. Railroad Parking – Present use of railroad parking reserve in 2019. Police Chief Foti 1/30/18
8. Wakeman Town Farm – Pay down analysis for loan. G. Conrad 1/30/18
9. BOE Cafeteria Fund – Develop current status. E. Longo 1/30/18
Note: The practice for upcoming BOF regular meetings will be to close the meetings at 10:00 PM. Motions to extend individual meetings can be heard.
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