Board of Finance Regular Meeting Agenda (PDF)

FIFTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
Waterford Town Hall
Regular Meeting
BOARD OF FINANCE
AGENDA
1. Establishment of a quorum and call to order.
2.
PHONE: 860-442-0553
www.waterfordct.org
September 9, D20- =
7:00 pm
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Public Comment.
Approval and acceptance of minutes from the Board of Finance Regular Meeting on
August 12, 2020.
Review draft and possible vote of acceptance of Board of Education Non-Lapsing Account
Policy.
To consider and act on a request from, the Board of Selectmen, on behalf of Kimberly
Allen, Director, Finance Department Town Of Waterford, for an FY20 Out of Series
Transfer as follows:
Account | Description Approved | Current Account Account Revised
Budget Budget increase Decrease Budget
Amount | Amount Amount
10101- | Emergency 0.00 0.00 191,482.31 191,482.31
53119 Expenditures
10121- | Contingency 250,000 239,800 (191,482.31) | 48,317.69
59010
10112- | Insurance 15,000 17,806 25,693 ‘| 43,499
52240 (Unemployment)
10112- | Insurance 40,000 40,000 8,865 48,865
52250 (deductible) |
10112- | insurance 3,391,864 | 3,391,864 | 18,822 3,410,686
52251 (healthcare)
10139- | Debt Service 314,375 290,761 (53,380) 237,381
56028 (Interest)
Total 244,862.31 | (244,862.31)

Board of Finance Meeting
September 9, 2020 — 7:00 pm
Page 2
6. To consider and act on a request from, Abby Piersall, Planning Director, Town of
Waterford, for and FY21 Out of Series Transfer as follows:
Account Description | Approved | Current Account Account Revised
Budget Budget Increase Decrease | Budget
Amount Amount Amount
10118- Inspection 159,207 159,207 0.00 (15,000) 144,207
51120
10118- Professional | 750.00 750.00 15,000 0.00 15,750
52030 FeesTotal 15,000 (15,000)
7. To consider and act on a request, from the Board of Selectman, on behalf of Alan
Wilenski, Tax Collector, Town of Waterford for an FY21 out of Series Transfer as follows:
Me
Account Description | Approved | Current Account Account Revised
Budget Budget Increase Decrease /| Budget
Amount Amount Amount
10106- Clerical 77,769 77,769 (500) 77,269
51210
10106- Dues, 685 685 (S00) ~~ =~] 185
52050 ~ | Conferences
10106- Office 30 30 1,000 1,030
53010 Supplies
Totals 1,000 (1,000)
8. To consider and act on a request, from the Board of Selectman, on behalf of Brian
Flaherty, Director of Recreation and Parks, Town of Waterford, for an appropriation of
$10,347.50 from undesignated fund balance #205-31520 to project #20537-57824
Waterford Beach Park Causeway for payment of an outstanding invoice and to close out
project and forward onto the RTM.
9. To consider and act on a request from Joseph Mancini, Director of Finance, Board of
Education, Town of Waterford to approve $256,600 for the purchase of Chromebooks
and |Pads from the Non-Lapsing account.
10. Liaison Reports.
11. Old Business.

Board of Finance Meeting
September 9, 2020 — 7:00 pm
Page 3
12. New Business.
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Review the budget guidelines for FY21/22.
Review the Board of Finance regular and budget hearing schedules.
Review the Board of Finance Capital Project Review policy.
Year-end report for the Board of Education.
Quaker Hill Fire House staffing.
Race sensitivity training for Elected Officials.
13. Correspondence:
14.
a:
Memo from Roslyn Rubinstein, Library Director, Town of Waterford regarding an
. FY21 Budget Shortfall.
c.
Letter from Kevin M. Ziolkovski regarding what is happening at the Quaker Hill Fire
Department. ;
Virginia Bielucki, Accountant, Town of Waterford: Periodic Financial Statements
consisting of General Fund Statement of Revenues and Statement of
Expenditures, Fleet Management State of Revenues and Expenditures, Capital and
Non-recurring Fund Statement of Fund Balance Designations and Appropriations,
Capital Improvement Fund Expenditures, Capital Project Funds Expenditures,.
Contributed Gifts Fund Balances, Insurance Administration Fund Balance Sheet.
Adjournment
* Ronald Fedor
Chairman