1986.07.28_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA
FINANCIAL ADVISORY BOARD
MINUTES
Monday, July 28, 1986 10:00 A.M.
A Meeting of the Financial Advisory Board was held at 10:00 a.m. on
Monday, July 28, 1986 at Town Hall.
Those attending included members Richard Brunton, Ben Cohen, Walter
Peklenk and Reese James. Commissioner Grier and Town Manager
Williams were also in attendance throughout the meeting.
The Minutes of the July 14, 1986 Meeting were approved as written.
The proposed 1986/87 budget was discussed with the following comments
and notations:
-The Ad Valoren assessed valuation as provided by the County tax
Assessor's office will be less than the value for 1985/86.
-There remains the question of possible unfunded liability for
Delray sewage service due to Delray's insistance on including
expenses that were excluded by the Greely & Hanson report.
-There is a question on account No. 271 as to whether the amount
carried properly represents the item or should the amount be
greater than shown.
-It was suggested that capital items such as telephones, gas
storage tank and others be carried in the capital budget with
each department carrying its appropriate share of depreciation
for the items.
-It was suggested that method for allocating insurance costs be
reviewed for a revised method of allocation.
Due to the hour, the meeting adjourned with the next meeting being
scheduled for 9:30 a.m., Friday, August 1, 1986.
R pectfull submitted,
Reese James, Chairman
cc: FAB Members
Town Commission
Town Manager