Board of Finance - Minutes - 09/08/2021

Board of Finance
Wednesday, September 8, 2021
Regular Meeting Minutes Waterford Town Hall,
7:00 pm
Present:
Absent:
Elected:
RTM:
Staff:
Chairman Ronald Fedor, John Sheehan, Glenn Patterson, Mark Geer, Kevin
Petchark; Tali Maidelis, Robert Tuneski
re i)
Robert J. Brule, First Selectman po
None ary —_
Thomas Dembek So
mo ‘,
Abbas Danesh, Treasurer, Kimberly Allen, Finance Director; Maryellert — 22
McConnell, Secretary
Establishment of a quorum and call to order:
A quorum was established and a call to order was established at 7:04 pm,
September 8, 2021.
Public comment: No public comment.
Approval and acceptance of revised minutes of August 11, 2021:
Motion by John Sheehan and seconded by Tali Maidelis to approve the revised
minutes of August 11, 2021.
Vote: 7-0-0 Motion: Passed
Executive Session: An Executive Session on Cyber Security was called to order at
7:05pm and finished at 7:26pm. Thomas Dembek and Abbas Danesh we invited
to join the meeting.
Motion by John Sheehan and seconded by Tali Maidelis to come out of Executive
Session.
Vote: 7-0-0 Motion: Passed

Board of Finance Regular Meeting Minutes — September 8, 2021
Page 2
5. To consider and act on a request from the Director of Fire Services, Michael
Howley, to merge lines 20523-57826 and 20523-57837 into 20523-57826 by
transferring $150,000 designated funds from 20523-57837 to 20523-57826
designated and then close line 20523-57837 and forward onto the RTM.
Motion by John Sheehan and seconded by Glenn Patterson to move that
$150,000 be transferred from line 20523-57837 to line 20523-57826.
Vote: 7-0-0 . Motion: Passed
Motion by John Sheehan and seconded by Tali Maidelis to move that line 20523-
57837 be closed.
Vote: 7-0-0 Motion: Passed
Motion by John Sheehan and seconded by Tali Maidelis to forward onto the
RTM as required.
Vote: 7-0-0 Motion: Passed
6. To consider and act on a request from the Board of Selectmen on behalf of
Michael Howley, Director of Fire Services, to transfer $45,000 from account
32320-55847 (Cohanzie Roof Replacement) to account 32322-55847 (Cohanzie
Roof Replacement) and then close account 32320-55847.
Motion by John Sheehan and seconded by Mark Geer to move $45,000 be
transferred from account 32320-55847 to account 32322-55847.
Vote: 7-0-0 Motion: Passed
Motion by John Sheehan and seconded by Tali Maidelis to move that account
32320-55847 be closed.
Vote: 7-0-0 Motion: Passed
Motion by John Sheehan and seconded by Glenn Patterson that the Chairman
inform the RTM of the action taken by the Board of Finance.
Vote: 7-0-0 Motion: Passed

Board of Finance Regular Meeting Minutes — September 8, 2021
Page 3
7. To consider and act on a request from Finance Director, Kimberly Allen, for an
Out of Series Transfer for the Assessor in the amount of $15,000.
Account | Description Approved | Current Account Account Revised
Budget Available | Increase Decrease Available
Amount Budget Budget
Amount Amount
10104- | Professional 250.00 (15,000) 15,000 0)
52030 Fees
10104- | Administration | 196,788 188,266.47 (15,000) 173,266
51110 .
Total 15,000 (15,000)
Motion by John Sheehan and seconded by Mark Geer to approve the Out of
Series Transfer in the amount of $15,000.
Vote: 7-0-0 Motion: Passed
8. Old Business: None
9. New Business: a. Abbas Danesh, Treasurer verbal report: Discussion ensued
regarding buying bonds. There are five bonds out there that will pay us the
following: 2 will pay at 5% interest, 2 will pay at 4% interest and 1 will pay at 1%
interest. A formal request to the boards will be made in the future.
b. John Sheehan — The Board of Finance Chairman will be contacting the
Superintendent of Schools and request information concerning the disposition of
ESSER I, I and HI funds.
Motion by John Sheehan and seconded by Robert Tuneski to have the Chairman
of the Board of Finance contact the Superintendent of Schools regarding the
ESSER funds. ,
Vote: 7-0-0 Motion: Passed
10. Liaison Reports: None at this time.
11. Correspondence:

Board of Finance Regular Meeting Minutes — September 8, 2021
Page 4
12. Adjournment:
Motion by John Sheehan and seconded by Robert Tuneski to adjourn the
Meeting of the Board of Finance at 8:07 p.m.
Vote: 7-0-0 Motion: Passed
Respectfully submitted,
Mark Geer, Jr., Clerk