Meeting Minutes

Name: Board of Finance Agenda- REVISED
Start: 2018-02-09T13:15+00:00
End: 2018-02-10T04:59+00:00
Location: Library- Seminar Room

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Board of Finance Agenda- REVISED

Date: 02/09/2018 8:15 AM 02/09/2018 8:15 AM 02/09/2018
Location: Library- Seminar Room
Connecticut

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WESTPORT CONNECTICUT REVISED – Added Executive Session (8:15 AM Library Seminar Room)
BOARD OF FINANCE

Download Board Packet for this meeting [PDF]

NOTICE OF EXECUTIVE SESSION

The Board of Finance will hold a Special Meeting on Friday, February 9, 2018 at 8:15 a.m. in the Seminar Room at the Library for the following purpose:

1. To discuss the real estate negotiations of 136 Riverside Avenue. It is anticipated that the Board of Finance will vote to go into Executive Session for such discussion.

2. Personnel Director to provide updates for the Police and Fire Pension negotiations and the Fire Department Collective Bargaining Agreement. It is anticipated that the Board of Finance will vote to go into Executive Session for such discussion.

NOTICE OF PUBLIC MEETING

The Board of Finance will hold its Public Meeting on Friday, February 9, 2018 at 8:30 a.m. in the Seminar Room at the Library for the following purpose:

AGENDA

1. To approve the Board of Finance Minutes of the January 3, 2018 Special Meeting and the January 3, 2018 Regular Meeting.

2. Financial Report from the Finance Director. (Discussion Only)

3. Board of Education 2nd quarter Financial Report from the Director of Business Operations. (Discussion Only)

4. Status Update from the Audit Manager. (Discussion Only)

5. Upon the request of the Director of Public Works, to approve an amended appropriation of $850,000 along with bond and note authorization to the Capital and Non-Recurring Fund Account #31503310-500279 for the purchase of six (6) medium duty dump trucks previously approved by the RTM on March 1, 2016 for five (5) medium duty dump trucks.

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.

Minutes:final, 2-9-18