1987.07.06_FAB_Minutes_Regular-r
TOWN OF HIGHLAND BEACH, FLORIDA
FINANCIAL ADVISORY BOARD
Minutes of Regular Meeting
Monday, July 6, 1987 9.30 a.m.
A Meeting of the -Financial. Advisory Board was held at 9:30 a.m. on
Monday, July 6, 1987, at Town Hall.
Members present included Richard Brunton, Grover Ensley, Walter
Peklenk, and Reese James. Mayor Betty Jean Stewart and Town Manager
Hugh D. Williams were also present throughout the meeting.
The Minutes of the June 15 and June 29, 1987 meetings were reviewed
and upon MOTION properly made and seconded, were approved as written.
In the interest of time, the several items of correspondence were
deferred until the next F.A.B. meeting.
The meeting then proceeded with the agenda items:
1972 G. 0. BOND ISSUE
The F.A.B. again reviewed this matter and following discussion,
again reiterated its' concurrence with the Town Manager and
Finance Director and recommended it for Town Commission
consideration.
1980 SEWER REVENUE BOND SINKING FUND ACCOUNT
A written opinion on this matter has been received from the Town
Attorney's office, however, it was noted that such was made
without benefit of reviewing bond indenture. Notwithstanding,
the F.A.B. again reiterates its' concurrence with the
recommendations of the Town Manager and the Finance Director.
1987/88 PROPOSED BUDGET
The Town Manager reviewed, on an item by item basis, his Memo of
June 26, 1987, covering his "overview" of the 1987/88 Budget.
The Memo spoke to some eight (8) assumptions that were incorpor-
ated in the development of his proposed budget. The Memo then
went on to speak to the "highlights" of each Town Department.
The Memo also carried attached extensive supporting documents
that presented in more detail the development of the budget
numbers being proposed by the Town Manager. Following a lengthy
discussion, it was agreed that further review of the budget items
would be continued at the next F.A.B. meeting.
d
Financial Advisory Board Regular Meeting Minutes
July 6, 1987
Page 2
The meeting adjourned at 12:00 Noon with the next meeting being
scheduled for Monday, July 13, 1987, at 9:30 a.m.
Resp tfully submitted,
Reese E. James, Chairman
REJ:elk
cc: F.A.B. MEMBERS
TOWN COMMISSION
TOWN MANAGER
FINANCE DEPARTMENT