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1986.12.15_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA FINANCIAL ADVISORY BOARD MINUTES Monday, December 15, 1986 9:30 a.m. A meeting of the Financial Advisory Board was held at 9:30 a.m. on Monday, December 15, 1986 at Town Hall. Members present included Richard Brunton, Ben Cohen, Walter Peklenk and Reese James. Also present throughout the meeting were Commissioner Grier and Town Manager Hugh Williams. The Minutes of the November 24, 1986 meeting were approved as publish- ed. The Chair reviewed two memos from the Town Manager: 1) Advising that the new utility billing forms would be going into effect in the next several weeks, and 2) Advising that recent correspondence from the City Manager of Delray Beach indicates that the dispute over sewage charges has been resolved in their acceptance of the Greeley and Hansen report. The meeting then addressed the agenda items: 1) Impact/Connection Fee The proposed "Fair -share" ordinance as prepared by the Town Attorney and the Town Manager's memo on this matter were re- viewed and discussed at length. From this the FAB recognizes that the question of impact vs. connection fees is a matter of legal consideration and therefore, the FAB can only reflect its view that based upon the recommendations of the Town Attorney and the Town Manager that the connection fee concept appears to be the method of choice. The FAB also recognized that the present water system will re- quire augmenting in the near term and that such a program will require substantial new money for system expansion. With this situation in mind, the FAB urges the early appointment of con- sultants to do a full engineering study to properly assess the needs and to establish the approximate amount of funds that will need to be sought for the project. 2) Computer/Software The Town Manager and Town Finance Director advised that HTE (software supplier) has failed to perform in accordance with the contract with them and that the Town is returning their software and is negotiating for a full refund of the Town's payment to them. The FAB was also advised that the new soft- ware programs suitable to our needs are now fully "loaded" (except for payroll which will continue with ADP until on or about April 1, 1987). Financial Advisory Board Minutes December 15, 1986 Page 2 of 2 3) Financial Statements The Finance Director reviewed the format that will be gener- ated by the new software program. Subsequent discussion with the Finance Director and Town Manager indicated their view that the proposed format gave them essential data for their management needs and should be retained for that purpose. It was also recognized that a more informational and abbreviated format should be sought for the commissions, with the FAB suggesting such a format. The Town Manager will review both formats with the Commissioners for their determination. 4) Employee Wages/Benefits- The Town Manager advised that a broad -based survey of this matter is now in progress and recommended the matter be deferred until the information has been received. This will again be put on the February FAB Agenda. The next meeting of the Financial Advisory Board is scheduled for 9:30 a.m. on Monday, January 5, 1987. Res ctfully sub itted, Reese E. James, Chairman Copies: FAB Members Town Commissioners Town Manager