May 17, 2016 Minutes

BOARD OF FINANCE REGULAR MEETING - May 17, 2016

 

The meeting was called to order by Board of Finance Chair Christopher Santucci at 7:12 pm. Members present: Rebecca Cunningham, Dennis Sienna, Christopher Santucci, and Giovanni D'Alessandro. 

 

The minutes from the April 26, 2016 meeting were reviewed. A motion was made by Christopher Santucci to approve the minutes as read. Rebecca Cunningham seconded the motion. The motion was carried. The minutes from the May 10, 2016 public hearing were reviewed. A motion was made by Giovanni D'Alessandro to approve the minutes as read. Dennis Sienna seconded the motion. The motion was carried. The minutes from the May 10, 2016 special meeting were reviewed. A motion was made by Giovanni D'Alessandro to approve the minutes as read. Dennis Sienna seconded the motion. The motion was carried. 

 

The members discussed the Revenue, Expenditure and Vendor History report; fraud risk management and internal controls; 5 year planning; Board of Finance calendar of events; and the latest Tax collector report. Also discussed was the impact of the new state cap on town expenditures beginning fiscal year 2017-18.

 

Christopher Santucci made a motion to adjourn at 7:40 pm. Dennis Sienna seconded the motion. The motion was carried.

 

Respectfully,             

Bonnie Dabrowski, Recording Secretary