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1989.02.14_FAB_Minutes_Regular. TOWN OF HIGHLAND BEACH, FLORIDA FINANCIAL ADVISORY BOARD REGULAR MEETING - MINUTES Tuesday, February 14, 1989 9.30 A.M. A Regular Meeting of the Financial Advisory board was called to order by Chairman Fred Firstenburg at 9:30 A.M. on Tuesday, February 14, 1989 in the Commission Chambers at Town Hall. Members present included Chairman Firstenburg, Mr. Richard Brunton and Mr. Benjamin Cohen. Mr. George Harbin and Mr. Grover Ensley were absent. Also present for the meeting were Town Manager Mariano, Chief Accounting Officer Stanley Novak and Deputy Town Clerk Redawna Bavender. A MOTION was made by Mr. Brunton/Mr. Cohen to approve the minutes of the December 13, 1988 Regular Meeting as submitted. All members voted AYE. As Mr. Bernard Tinkoff and Mr. Steve Templeton, of Coopers and Lybrand were present, the agenda was amended to review the audit drafts first. • Mr. Tinkoff reported the audit seems to be in order, the accounting is in accordance with all procedures and has passed all tests given for compliance with laws and regulations. Mr. Tinkoff suggested having an elected official approve the Town Manager's expense reports, by signing each. It was also Mr. Tinkoff's opinion that a policy should be in writing regarding any personal use of Town computers. It was noted the record keeping procedures were done in a professional manner and no significant adjustments were made to accounts. The possibility of a self-insurance program was discussed. Mr. Tinkoff stated he would send Mr. Novak more information on the subject and include the names of Towns currently using such a program. Following further discussion regarding the audit draft, Mr. Tinkoff stated a second meeting would be held when the final audit is ready for review. As there were no further questions or comments regarding the audit draft at this time, Mr. Tinkoff and Mr. Templeton departed the meeting. OLD BUSINESS Status of Insurance Package Evaluation • Mr. Novak and Mrs. Mariano stated this item needs to be deferred to the next meeting, due to the preparation of the audit draft. Mrs. Mariano FINANCIAL ADVISORY BOARD Regular Meeting - Minutes February 14, 1989 Page 2 of 2 noted the Town is currently trying to get information on a cafeteria type of insurance plan. Status of Merit/Salary Evaluation Mr. Firstenburg stated he has done only preliminary studies. His preliminary findings seem to show that Highland Beach is not excessive in any way, when compared to surrounding cities. Highland Beach is lacking in vacation time and holidays given. He hopes to have a more extensive study ready to present in the spring. NEW BUSINESS Review of December Financial Statement Mr. Novak reviewed both the revenue and expenditure portions of the December financial statement with the board members. He noted everything is basically in line, with no major discrepancies to note. The new Open Space and Recreation Land Fund has been set up in accordance with Ordinance No. 563. Budget Transfers • The two major budget transfers dealt with the transfer of funds to purchase a new car for the Building Department and the allocation of funds back to the Greening Committee. A MOTION was made by Mr. Brunton/Mr. Cohen to approve the budget transfers dated February 14, 1989. All members voted AYE. The next meeting of the Financial Advisory Board will be scheduled when the final audit report is ready to be presented. There being no further business to come before the Financial Advisory Board at this time, the meeting was adjourned -t 11:15 M. APPROV Fred 4irs'tenurg, Chairman Ben tin Cq ien, Vice C char6 Brunto -ABSENT- George Harbin -ABSENT- Grover Ensley