Stormwater Management

Finance Committee

October 13th, 2008

Meeting Minutes

Attendees: Joe Maurer, Chair, Joe Hudson,Committee, Bernice Schreiber,Finance Mgr., George Skipper, Council, Wendy Gillund, Council, John Bourisseau, Council, Ned Sedlak, Council, Chief Pitts, Joe Sciangula, Mayor Spremulli

Meeting Called to Order at 7:00PM

Review of Accounts Payable.

Discussion of various items on the list with satisfactory answers to all questions. Payables Approved.

Review of September Financial Statements.

Discussed various items and received satisfactory answers to all questions

Conclusion of Financial Statement review is that overall we are showing positive comparisons of actual to budget. This as in previous months is primarily due to RITA revenues being in excess of the YTD budget. Because of the nature of the revenues and the manner in which the revenues are received we can not conclude that this trend will be maintained for the entire year.

Preliminary Budget Presentation

Mayor Spremulli presented his preliminary budget and made several comments for the finance committee and council to consider when reviewing the details.

The finance committee will make its comments and recommendations at the next scheduled meeting.

Other Discussion Items

Discussion of the Waste Management contract which comes up for renewal by year end

Discussion of problem obtaining road salt for the winter season and potential alternatives

Discussion of the RITA program to subpoena delinquent taxpayer records

Discussion of Equipment needs of the Service Department

Meeting adjourned at 8:00PM