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WESTPORT CONNECTICUT

BOARD OF FINANCE

NOTICE OF PUBLIC HEARING

The Board of Finance will hold its Public Hearing on Wednesday, April 11, 2012 at 8:00 p.m. in the Auditorium of Town Hall. The following item(s), and any others properly presented before the Board, will be considered:
AGENDA

DISCUSSION/REVIEW
1. Financial Report from the Finance Director.
2. Status Update from the Internal Auditor.
3. Review Baron’s South appraisal report.
4. Review Baron’s South RFP status.

TRANSFERS IN THE 2011-2012 BUDGET

5. The Board will consider the following request(s) for transfer amounts of $3,000 or less that have been approved by the First Selectman:

a) A request by the Planning & Zoning Director for a transfer of $900 from the Planning & Zoning Account #10101185-552000 (Postage) to the Planning & Zoning Account #10101185-551000 (Advertising & Printing) in order to cover shortfalls.

b) A request by the Planning & Zoning Director for a transfer of $2,500 to the Planning & Zoning Account #10101185-561000 (Supplies) and $300 to the Planning & Zoning Account #10101185-543000 (Vehicle Maint./Fuel) totaling $2,800 from the Planning & Zoning Account #10101185-511000 (Salaries) in order to cover shortfalls.

c) A request by the Parks & Recreation Director for a transfer of $3,000 from the Parks Maintenance Account #10108831-511000 (Salaries) to the Maintenance Account #10108820-531000 (Fees & Services) in order to cover shortfalls.

APPROPRIATIONS IN THE 2011-2012 BUDGET

6. A request by the Parks & Recreation Director for an appropriation of $55,000 to the Boating Capital Account #10108830-572200(Facilities Improvements) for repairs to the Ned Dimes Marina.

7. A request by the Parks & Recreation Director for an appropriation of $425,000 from the
Capital & Nonrecurring Expenditure Fund (C&NEF) Fund Balance to the Capital & Nonrecurring Expenditure Fund (C&NEF) Account, Dock Improvements for improvements to Ned Dimes Marina.

8. A request by the Chief of Police for an appropriation of $8,927 from the Asset Forfeiture Account for purchase of evidence lockers that will provide higher level of security and consolidation of evidence as well as refrigerated storage for perishable evidence.
9. A request by the Information Technology Director for an appropriation totaling $6,500;
$5000 to the Capital Telecast Equipment Account #10101157-579001 (Telecast Equipment) for purchasing necessary equipment and $1,500 to the Extra Help Account #10101157-513002 (Overtime) to prepare to carry live events from Westport Center for Senior Activity. The total amount of $6,500 is the 2011 Cablevision government access fund grant the town received from Area Nine Cable Council.

BUDGET RESTORATION REQUESTS AND FINAL RECOMMENDATION

10. The Board will consider any requests for restoration of sums removed from the Budget by the Board at its March 27, 2012, March 28, 2012 and March 29, 2012 Budget Hearings.

The Board will approve the “BOF Recommended Budget for Fiscal Year 2012-2013” as follows:

a. General Fund;
b. Wakeman Farm;
c. Railroad Parking Fund; and
d. Sewer Fund

COMMITTEE REPORTS
11. Reports from Board of Finance Committee Chairs.

APPROVAL OF MINUTES
12. Approve the Board of Finance Minutes of the March 7, 2012 regular meeting.
13. Approve the Board of Finance Minutes of the March 27, 2012 formal budget hearing.
14. Approve the Board of Finance Minutes of the March 28, 2012 formal budget hearing.
15. Approve the Board of Finance Minutes of the March 29, 2012 formal budget hearing.