July 26, 2016 Minutes

BOARD OF FINANCE REGULAR MEETING - July 26, 2016

 

 

 

The meeting was called to order by Board of Finance Chair Christopher Santucci at 7:00 pm. Members present: Dennis Sienna, Christopher Santucci, Rebecca Cunningham and Giovanni D'Alessandro.

 

 

 

The minutes from the June 21, 2016 meeting were reviewed. A motion was made by Dennis Sienna to approve the minutes as read. Giovanni D'Alessandro seconded the motion. The motion was carried with Rebecca Cunningham abstaining.

 

 

 

Tom and Joan Eames attended and asked questions about the school bond interest rate and the possibility to get a lower rate. Christopher Santucci replied that he will request the information from the Board of Selectmen.

 

 

 

The members discussed the Revenue, Expenditure and Vendor History report; fraud risk management and internal controls; town policies; 5 year planning; Board of Finance calendar of events, and a letter from the Auditor.

 

 

 

Rebecca Cunningham made a motion to adjourn at 7:32 pm. Dennis Sienna seconded the motion. The motion was carried.

 

 

 

Respectfully,             

 

Bonnie Dabrowski, Recording Secretary