1986.05.19_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA
Minutes of Financial Advisory Board Meeting
Monday, May 19, 1986 10:00 A.M.
A meeting of the Financial Advisory Board was held at 10:00 a.m. on
Monday, May 19, 1986 at Town Hall.
Those attending included members Richard Brunton and Reese James.
Members absent were Ben Cohen and Walter Peklenk. Commissioner William
A. Grier and Town Manager Hugh D. Williams were also in attendance
throughout the meeting.
Due to the absence of a majority of the members at the F.A.B. meeting,
the meeting was confined to discussion of the following items:
INVESTMENT PRACTICES POLICY
This was a continuing consideration of the subject,
particularly as it relates to the Employer Retirement Fund
and the Debt Service Funds. In general, it is believed that
greater earnings can be achieved without loss of security.
This subject will be included in the agenda for the June 2
meeting.
EMPLOYEE WAGES/BENEFITS
Discussion centered on the comparative data of the various
positions, noting the absence of information from the "Gold
Coast" communities. Mr. Williams advised that his office is
seeking this information and xpects to have it for our
June 2 meeting.
CENTEL
The Town Manager's memo of February 21, 1986 to the Mayor and
Town Commission on this subject, as well as comparative data
from other "Gold Coast" communities, was reviewed, following
which the subject was referree to our June 2 meeting.
BUDGET 1986/87
Mr. Williams reviewed his five (5) year projected Capital
Improvement Budget. During the discussion, it was agreed that
Mr. Williams would provide the F.A.B. with in depth support
data for each of the items in the 1986/87 year.
The meeting adjourned at 12:00 Noon, with meetings being scheduled for
June 2, 16, and 30.
RES CTFULLY UBMITTED,
Reese E. James, Chairman
REJ:ELK
CC: FAB Members, Town Commission, Town Manager
L
TOWN OF HIGHLAND BEACH, FLORIDA
1 FINANCIAL ADVISORY BOARD
MINUTES
Monday, May 5, 1986 10:00 A.M.
A meeting of the Financial Advisory Board was held at 10:00 a.m, on
Monday, May 5, 1986 at Town Hall.
Those attending included members Richard Brunton, Ben Cohen, Walter
Peklenk, and Reese James. Commissioner William A. Grier and Town
Manager Hugh D. Williams were also in attendance throughout the meeting.
The minutes of the April 21, 1986 meeting were approved as written.
The Chair then reviewed several items of correspondence of interest to
the F.A.B. members, none of which required written comment by the F.A.B.
The Town Manager's proposed Purchasing Policy was then discussed as a
follow-up to our April 21, 1986 meeting. Discussion centered on Mr.
Williams May 1, 1986 draft of the proposed policy and subject to some
minor changes, the F.A.B. concurs in the proposal and recommends it to
the Town Commission for it's review and adoption.
The subject of the proposed revision of the Town's Organizational Chart
\ was again taken up as a follow-up to previous discussion on this
subject. The discussion indicated general agreement with the April 6,
1986 draft as proposed by the Town Manager with some recommendations to
Mr. Williams. With these recommendations incorporated, the F.A.B.
concurs with the proposal and recommends it to the Town Commission for
its review and adoption.
Mr. Williams updated the F.A.B. on the status of the litigation between
Delray Beach and Highland Beach regarding sewage charges and it was
determined to defer further discussion pending a ruling by the Court.
Due to the hour, it was decided to defer discussion on Employee Wages
and Benefits until the next meeting.
The meeting adjourned at 12 Noon.
Resp c fully su itted,
Reese E. James, Chairman
REJ:elk
cc: FAB Members
Town Commissioners
Town Manager