Board of Finance - Minutes - 11/08/2023

FIFTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
PHONE: 860-442-0553
www.waterfordct.org
AECEIVED FOR RECORD V\\ I 2023
9. ATTEST Soul Facer
Board of Finance Wednesday, November 8, 2023
Regular Meeting Minutes Town Hall Auditorium — 7:00 p.m.
Present: Chairman Glenn Patterson, John W. Sheehan, Ronald Fedor, Joseph Filippetti,
Kevin Petchark, Robert Tuneski, David Peabody
Absent: Kimberly Allen, Director of Finance
Elected: Rob Brule, First Selectman; Abbas Danesh, Treasurer
Staff: Rebecca Hall, Admin Assistant Finance Office/BOF Recording Secretary
A. Establishment of a quorum and call to order
A quorum was established and the Regular Meeting of the Board of Finance was
called to order at 7:00 p.m. November 8, 2023.
2. Public Comment
None
3. Approval and acceptance of minutes:
Regular Meeting on October 11, 2023
Motion by John W. Sheehan and seconded by Ronald Fedor to approve the
minutes of the October 11, 2023 Regular Meeting as presented.
Vote: 7-0-0 Motion Passed.
4. Discussion to consider and act on the request by the Superintendent of Schools
to submit the BOE FY24-25 annual budget request by February 26, 2024 to
provide as accurate and thorough a budget request as possible.
Motion by John W. Sheehan and seconded by Ronald Fedor to approve changing
the due date of BOE FY24-25 annual budget to February 26, 2024.
Vote: 7-0-0 Motion Passed.

Board of Finance Minutes, 11/8/2023
Page 2
5.
Discussion to consider and act on a request from Kimberly Allen, Finance
Director, for an Out of Series Transfer of Funds for a Cash Counting/Counterfeit
Identification machine in the Finance Office. The request is to transfer $1600
from Line Item #10107-52040 Service Contracts & Repairs to Line Item #10107-
54060 Office Equipment. (Request to reactivate line 10107-54060).
Motion by John W. Sheehan and seconded by Joseph Filippetti to approve the
reactivation of Line# 10107-54060 and to transfer $1600 from Line Item #10107-
52040 Service Contracts & Repairs to Line Item #10107-54060 Office
Equipment.
Vote: 7-0-0 Motion Passed.
Discussion to consider and act on a request from Marc Balestracci, Chief of
Police, for an additional appropriation of $35,952 to line item 10129-51420 for
two (2) employee payouts that are required under the current collective
bargaining agreement. ——
Motion by John W. Sheehan and seconded by Joseph Filippetti to transfer
$35,952 from Contingency line 10121-59010 to Police Commission Patrol line
10129-51420 for two (2) employee payouts that are required under the current
collective bargaining agreement. -
Vote: 7-0-0 Motion Passed.
‘Discussion to consider and act on a request from Michael Howley, Office of Fire
Services, to appropriate $64,000 from funds designated on Capital and Non-
recurring Line Item #20523-57777, SCBA up-Grade Program.
Motion by John W. Sheehan and seconded by Ronald Fedor to appropriate
$64,000 from funds designated on Capital and Non-recurring Line Item #20523-
57777, SCBA up-Grade Program and forward to the RTM as required.
Vote: 7-0-0 Motion Passed.
Discussion to consider and act on a request from Christine Johnson, Library
Director, for a FY23 appropriation in the amount of $1,091,200 from funds
designated on Capital and Non-recurring Line Item #20536-57848 Library HVAC
Upgrade. It was suggested by Ronald Fedor that a possible roof upgrade at the
Waterford Public Library will need to be budgeted for in the future.

Board of Finance Minutes, 11/8/2023
Page 3
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Motion by John W. Sheehan and seconded by Robert Tuneski for a FY23
appropriation in the amount of $1,091,200 from funds designated on Capital and
Non-recurring Line Item #20536-57848 Library HVAC Upgrade and forward to
the RTM as required.
Vote: 7-0-0 Motion Passed.
Discussion to consider and act on a request from Gary Schneider, Director of
Public Works, for an additional appropriation of $11,290 from the Capital and
Non-recurring Line Item# 33021-55867 (Cohanzie UST Tank Removal).
Motion by John W. Sheehan and seconded by Robert Tuneski to transfer
$11,290 from Contingency Line Item# 10121-59010 to the Capital Improvement
Fund Line Item# 33021-55867 (Cohanzie UST Tank Removal).
Vote: 7-0-0 Motion Passed.
Discussion to consider and act on a request for approval of the General Fund
2024/2025 Proposed Budget: Board of Finance.
Motion by John W. Sheehan and seconded by Ronald Fedor for approval of the
General Fund 2024/2025 Proposed Budget: Board of Finance.
Vote: 7-0-0 ‘Motion Passed.
Discussion to consider and act on a request for approval of the General Fund
2024/2025 Proposed Budget: Debt Service.
Motion by John W. Sheehan and seconded by Robert Tuneski for approval of the
General Fund 2024/2025 Proposed Budget: Debt Service.
Vote: 7-0-0 Motion Passed.
Discussion to consider and act on a request for approval of the General Fund
2024/2025 Proposed Budget: Contingency.
Motion by John W. Sheehan and seconded by Joseph Filippetti for approval of
the General Fund 2024/2025 Proposed Budget: Contingency.
Vote: 7-0-0 Motion Passed.

Board of Finance Minutes, 11/8/2023
Page 4
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Old Business
a. Fund Data Balance Report from Kimberly Allen, Director of Finance
Motion by John W. Sheehan and seconded by Robert Tuneski to postpone this
item to the Board of Finance December Regular Meeting due to the absence of
Kimberly Allen, Director of Finance, from the Board of Finance November
Regular Meeting.
Vote: 7-0-0 Motion Passed.
New Business
Abbas Danesh, Treasurer, gave an explanation of interest investments in the
Quarterly Treasurer’s Report. Abbas clarified that there was a change in
weighted maturity of CD/Bonds dated past 9/30/2025. A large CD/Bond was
added totaling $650,000. This CD/Bond will mature in 2042 therefore extending
the overall weighted maturity from five (5) to seven (7) years.
Liaison Reports
A )Board of Education - John W. Sheehan reported from the Board of Education
Regular Meeting that teachers have negotiated a contract and RTM will be
discussing this in December.
b) Recreation & Parks Commission - Robert Tuneski reported from Recreation &
Parks Commission that discussion has occurred regarding the use of the
Waterford Little League fields by travel ball organizations and they are working
on a possible procedure for use of the fields.
Correspondence
Rob Brule, First Selectman, gave a brief update on the Civic Triangle project.
Adjournment
Motion by John W. Sheehan and seconded by Robert Tuneski to adjourn the
Regular Meeting of the Board of Finance at 7:40 p.m.
Vote: 7-0-0 Motion passed.
Respectfully submitted,
John Sheehan, Rebecca L. Hall,
Clerk of the Board of Finance Board of Finance Recording Secretary