Meeting Agenda and Minutes

Name: Board of Finance Agenda
Start: 2014-06-05T00:00+00:00
End: 2014-06-05T03:59+00:00
Location: Town Hall- Auditorium

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Board of Finance Agenda

Date: 06/04/2014 8:00 PM 06/04/2014 8:00 PM 06/04/2014
Location: Town Hall- Auditorium
Connecticut

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WESTPORT CONNECTICUT

BOARD OF FINANCE

NOTICE OF PUBLIC HEARING

Download Board Packet for this meeting [PDF]

The Board of Finance will hold its Public Hearing on Wednesday, June 4, 2014 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.

RECOMMENDATION

3. To recommend the renewal of the lease dated May 2, 2005 between the Town of Westport and the Parent Child Center, Inc. for an additional five year term commencing September 1, 2015 and continuing through August 31, 2020.

TRANSFERS IN THE 2013-2014 BUDGET

4. 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 Finance Director for a transfer of $1,922 from the Salary Adjustment Account #10109917-519000 to the Finance Account #10101151-511000 (Salaries) to cover the salary increase of the Finance Director as a result of signing a new contract.

APPROPRIATIONS IN THE 2013-2014 BUDGET

5. A request by the Superintendent of Schools for an appropriation from General Fund Balance of up to $500,000 for a school security project for improving access security at all of the Westport Public Schools.

DISCUSSION

6. Discussion of the pending Board of Education healthcare reserve policy and on the establishment of a plan to address the Board of Education’s IBNR accounting liability. No action will be taken.

7. Discussion of the Selectman’s and Board of Education’s Five-Year Capital Forecasts. No action will be taken.

APPROVAL OF MINUTES

8. Approve the Board of Finance Minutes of the May 21, 2014 regular meeting.

Minutes:Final Minutes, 6-4-14

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