BOARD OF FINANCE
NOTICE OF EXECUTIVE SESSION

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The Board of Finance anticipates voting to go into Executive Session on Wednesday, November 14, 2012 at 7:00 P.M. in Room 309 of Town Hall to review proposed salary adjustments for non-union personnel. No action will be taken.

NOTICE OF PUBLIC HEARING

The Board of Finance will hold its Public Hearing on Wednesday, November 14, 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. Storm Sandy update from the First Selectman.
4. Baron South update from the Baron’s South Committee and the First Selectman.

YEAR-END TRANSFERS IN THE 2011-2012 BUDGET
5. A request by the Finance Director to close the Fiscal Year 2011-12 by processing the list of transfers (attached) and incorporating these in the appropriation subsidiary ledger.

APPROPRIATIONS IN THE 2011-2012 BUDGET
6. A request by the Superintendent of Schools for an appropriation of $142,412 to the 2011-2012 Budget, BOE Rentals & Reimbursements Expenditure Account, as follows: $110,140.41 is deemed appropriated in accordance with Section 10-222a of the Connecticut General Statutes; and $32,271.59 is appropriated to fund the cost of union personnel reimbursements

TRANSFERS IN THE 2012-2013 BUDGET
7. A request by the First Selectman for a transfer of $119,092 to the appropriate department salary accounts from Account #10109917-519000 (Reserve for Salary Adjustments).

APPROPRIATIONS IN THE 2012-2013 BUDGET
8. A request by the Library Director for an appropriation of $146,500 to the Capital & Nonrecurring Expenditure Fund (C&NEF) Account #31507750-500251(ILS) for purchase and installation of a new Integrated Library System.
9. A request by the Library Director for an appropriation of $112,500 to the Capital & Nonrecurring Expenditure Fund (C&NEF) Account #31507750-500252(RFID) for purchase and installation of a new Radio Frequency Identification System.

RECOMMENDATIONS
10. A request by the First Selectman, in accordance with Section C6-3 of the Town Charter, to recommend the renewal of the residential lease at 99 Myrtle Avenue.
11. A request by the First Selectman, in accordance with Section C6-3 of the Town Charter, to recommend a three year renewal of four leases of residential property located at 260 S. Compo Road (Longshore).

APPROVAL OF MINUTES
12. Approve the Board of Finance Minutes of the October 3, 2012 regular meeting.