1989.04.20_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA
. FINANCIAL ADVISORY BOARD
REGULAR MEETING - MINUTES
Thursday, April 20, 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 Thursday, April 20, 1989
in the Conference Room at Town Hall.
Members present included Chairman Firstenburg, Mr. Benjamin Cohen, Mr.
Richard Brunton and Mr. Victor Page. Mr. Grover Ensley was absent.
Also present for the meeting were Chief Accounting Officer Stanley
Novak and Deputy Town Clerk Redawna Bavender.
A MOTION was made by Mr. Cohen/Mr. Brunton to approve the minutes of
the March 16, 1989 Regular Meeting as submitted. All members voted
AYE.
OLD BUSINESS:
Re -Evaluation of Water Rate Fees
Mr. Firstenburg noted the previous water rates were $.65 for each 1,000
• gallons used and a $2.00 unit charge. The new rates are $.75 per 1,000
gallons for the first 10,000 gallons, $.90 for each additional 1,000
gallons used thereafter and a $3.00 unit charge.
Mr. Novak reviewed the revenue and expenditures in the Water Department
for the past six months noting usage has increased by 10%, thereby
increasing the revenue proportionally.
It was the CONSENSUS of the Financial Advisory Board that the new water
rates are right on target and should continue to reflect in a positive
manner.
NEW BUSINESS:
Review March Financial Statement
Mr. Novak reviewed both the revenue and expenditure portions of the
March Financial Statement and showed the various areas of minor
discrepancies, but noted nothing was drastically out of line.
Mr. Novak further noted there will be a few budget transfers for next
month's meeting.
The next meeting will be scheduled at a later date.
Following a MOTION by Mr. Brunton/Mr. Cohen, the meeting was adjourned
at 10:35 A.M.
FINANCIAL ADVISORY BOARD
Regular Meeting - Minutes
April 20, 1989
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APPROV�
Fred Firstenburge, Chairman
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Benjamin Cohen, Vice Chairman
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Victor Page