1987.07.27_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA
FINANCIAL ADVISORY BOARD
MINUTES OF REGULAR MEETING
Monday, July 27, 1987 9:30 A M.
A meeting of the Financial Advisory Board was held at 9:30 a.m. on
Monday, July 27, 1987, at Town Hall. Walter Peklenk acted as Chairman.
Members present included Richard Brunton, Benjamin Cohen, Walter
Peklenk, and Grover Ensley. Chairman Reese James was on vacation.
Mayor Betty Jean Stewart and Town Manager Hugh D. Williams were also
present throughout the meeting.
Upon a Motion made and seconded, the Minutes of the July 13, 1987
meeting were approved as written.
Under the item "Correspondence", note was made that:
1. Letter to the Town Manager calculating the estimated amount
for Fire and Medical Services - Fiscal 1987/88 was read and
made a part of the F.A.B. Minutes.
2. Resolution No. R-87 of The Board of County Commissioners of
( Palm Beach County, Florida, Revising Certain Commodity Rates
for the Palm Beach County Water Utilities Department System.
The resolution was discussed by the Town Manager and is so
noted.
The Chairman then asked that the F.A.B. defer the review of the
Employee Retirement Plan and the Long Report, due to the priority of
completing the Review of 1987/88 Budget, second draft.
1987/88 PROPOSED BUDGET ---SECOND DRAFT
Again, both Revenue and Expenses were reviewed on a line by line
basis.
The Income items on Draft One were changed, as noted and no
changes were needed on this draft.
There were a few minor changes that will be corrected in Draft
No. 3. One item should be noted --Account #5660 (Software)
$1,750.00--- need will be determined at a later date, due to
certain software releases that are in the making.
The Acting Chairman Walter Peklenk noted that as soon as the total
expense is determined for the telephone system, reallocation of
expense for each department should be submitted for review by the
F.A.B.
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FINANCIAL ADVISORY BOARD --Regular Meeting Minutes
July 27, 1987
Page 2
Again, it is to be noted that the budget does reflect full
provision for implementing results of the "Long Report".
The Town Manager felt the final draft of the 1987/88 Budget should
be ready by August 18, 1987. The F.A.B. generally agreed the
budget, as submitted and corrected, is acceptable, subject to any
other changes.
The June 30, 1987 Financial Statement was briefly reviewed, but
due to the fact the detailed summary had not been distributed,
final review will be part of the next agenda.
The meeting was adjourned, with the next meeting being scheduled for
Tuesday, August 18, 1987, at 9:30 a.m.
Respectfully submitted,
Walter H. Peklenk, Acting Chairman
WHP:elk
cc: FAB Members
Town Commission
Town Manager
ATTACHMENT: FIRE/MEDICAL SERVICES ESTIMATE (SEE ITEM 1)