BOARD OF FINANCE

NOTICE OF PUBLIC HEARING

The Board of Finance will hold its Public Hearing on Thursday, May 23, 2013 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:

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AGENDA

DISCUSSION/REVIEW

1. Financial Report from the Finance Director.
2. Status Update from the Internal Auditor.

DETERMINATION OF TAX RATE

3. The Board will set the tax rate for Fiscal Year 2013-2014.

APPOINTMENT OF AUDITORS

4. The Board will appoint independent auditors for the fiscal year ending June 30, 2013.

TRANSFERS IN THE 2012-2013 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 Registrars of Voters for a transfer of $1,500 from the Registrars Account #10101140-532000 (Contract Services) to the Registrars Account #10101140-585000 (Education & Expenses) in order to cover increase in cost ROVAC conferences and other shortfalls.

6. A request by the Tax Collector pursuant to CGS § 12-165 for a transfer of $178,320.47 to the Suspense Tax Book representing uncollected motor vehicle and personal property tax accounts.
APPROPRIATIONS IN THE 2012-2013 BUDGET

7. A request by the Town Clerk for an appropriation of $8,750 to various Town Clerk Accounts for costs of recording land record documents to the State due to a greater number of recordings.

8. A request by the Registrars of Voters for an appropriation of $16,317.01 to the Elections Primary Account #10101142-536001 and $15,575 to the Democratic Primary Overtime Account#10101142-536002 totaling $31,892.01 for the cost of the August 14, 2012 Dual Primary.

9. A request by the Public Works Director for an appropriation of $95,000 with bond and note authorization to the Municipal Improvement Fund (MIF) Account (Bulkley Ave. North/Old Road) to complete engineering design of proposed sewer extension at Buckley Ave. North vicinity and Old Road vicinity.

10. A request by the Director of Public Works for an appropriation of $300,000 to the Capital & Nonrecurring Expenditure Fund (C&NEF) Account for installation of new roof at the Saugatuck Senior Housing.

11. A request by the Superintendent of Schools for an appropriation of $112,400 (with bond and note authorization) to the Educational Facilities Improvement Fund (EFIF) Account (Underground Oil Storage Tanks) to remove three underground oil storage tanks at Coleytown Elementary, Long Lots Middle, and Coleytown Middle Schools; replacement of conduit surrounding oil supply line at Staples; and replacement of protective mechanism associated with spill containment pipe at Green Farms School.

DISCUSSION

12. Discussion of the Selectman’s Five-Year Capital Forecast. No action will be taken.

APPROVAL OF MINUTES

13. Approve the Board of Finance Minutes of the April 8, 2013 regular meeting.