1985.05.28_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA
FINANCIAL ADVISORY BOARD
MAY_28, 1985 10.00 A.M.
A meeting of the Financial Advisory Board was held at Town Hall on
Tuesday, May 28, 1985, at 10:00 A.M.
Those attending included members Ben Cohen and Reese James. Also
present throughout the meeting were Commissioner Grier and Town Manager
Hugh D. Williams.
Absent were member Joe Murania and alternate member Walter Peklenk.
The minutes of the May 20, 1985, meeting were approved as written.
The proposed 1985/86 budget was the single subject for this meeting.
Inasmuch as all the necessary data is not yet available from outside
sources, discussion and action taken was limited to the data that was
available to date.
ENTERPRISE FUNDS
Water Department Expenditures
- It was noted that the increase in professional services
is to provide for an engineering study regarding the
Town's future needs.
- The matter of funding of the debt service received con-
siderable discussion and,it was concluded and, is the
Financial Advisory Board recommendation that the funding
for debt service of both water and sewer service should
be handled in a like fashion, i.e., either fund thru a
user fee or thru a tax-deductible millage factor. At
the present, water service is on a millage factor while
sewer is on a fee basis.
GENERAL BUDGET
Town Clerk
- The Financial Advisory Board concurs in the proposal to
budget for and institute the process of microfilming of
old records.
FINANCIAL ADVISORY BOARD
MAY 28 1985 Page 2 of 2
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Lega 1
- The Financial Advisory Board recommends that the Town
Commission establish a written policy as to who is
authorized to confer with or require the presence of
counsel at its meetings. In such a policy, the Finan-
cial Advisory Board also recommends that excepting the
commissioners, all such requests be funneled thru the
Town Manager.
The Financial Advisory Board having concluded its review of the budget
data available to date, the meeting adjourned at 11:45 A.M.
The next meeting is scheduled for Monday, June 24, 1985, at 10:00 A.M.
for the completion of the budget review.
Respectfully submitted,
j
Reese E. James, Chairman
cc: F.A.B. Members
Town Commission
Town Manager
5/29/85 amk