1996.03.11_FAB_Minutes_Regular• TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD
RED MEETING
MINUTES
Monday, March 11, 1996 9 30 A.M.
Chairman Thomas J. Reid called the Regular Meeting to order in
Commission Chambers at 9:30 A.M.
Deputy Town Clerk Jane Dillon called the roll. Present were
Chairman Thomas J. Reid and Members S. Myron Browner, John R.
DeMarco and William Wm. Rothenberg. Vice -Chair Victor P. Hadeed
was absent.
Also present were Town Manager Mary Ann Mariano, Finance Director
Michael Seaman.and representatives from Haas, Diaz & Co.
APPROVAL OF MINUTES
Upon MOTION by MR. DEMARCO/MR. ROTHENBERG, the Minutes of the
December 6, 1995 Regular Meeting were unanimously approved.
OLD BUSINESS
• Representatives from Haas, Diaz & Co. presented an overview of the
Town's 94/95 Fiscal Year Audit report. Particular line items were
discussed, with all questions of the Board being satisfactorily
answered.
Mr. Browner complimented Haas, Diaz & Co. for the excellent report
they compiled, stressing the ease of reading and understanding of
the report. Mr. Browner also congratulated Michael Seaman and Ms.
Mariano on receiving the Certificate for Outstanding
accomplishments in Finance.
After further discussion, a MOTION was made by MR. BROWNER/MR.
DEMARCO to recommend acceptance of the 94/95 Fiscal Year Audit
Report as submitted, with the suggested changes.
The Report will be ready to go before the Town Commission at their
April 2, 1996 Regular Meeting.
Mayor Voress joined the meeting and presented an overview of the
Town Hall renovation project. Ms. Mariano offered some good news,
in that the Delray Beach Fire Rescue has reimbursed Highland Beach
$150,000 for extra funds in our escrow account; a buffer of $65,000
will be kept in the account.
•
• Financial Advisory Board
March 11 1996 Page 2 of 2
ELECTION OF OFFICERS
Thomas J. Reid resigned as Chairman of the Financial Advisory Board
effective March 11, inasmuch as he has been elected to serve on the
Town Commission as of March 13. His letter of resignation is
attached hereto and made a part of these minutes.
Upon MOTION by Mr. Browner/Mr. DeMarco, VICTOR P. HADEED was
elected CHAIRMAN.
Motion met with unanimous vote.
Upon MOTION by Mr. Reid/Mr. Rothenberg, JOHN R. DEMARCO was elected
VICE-CHAIRMAN.
Motion met with unanimous vote.
APPROVE:
Thomas J. Reid, Chairman
•
Absent
Victor P. Hadeed, Vice Chairman
S. Myron Efrowner
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J hn11R. ileco
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Werner Wm. Rothen erg
ATTEST: ° `.4�
DATE: 9-6.
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• THOMAS J. REID
3015 S. OCEAN BLVD., #8C
HIGHLAND BEACH, FL 33487
March 11, 1996
TO:* The Financial Advisory Board
FROM: Thomas J. Reid, Chairman
RE: Letter of Resignation
With profound regret, I hereby resign from the Financial Advisory
Board this llth day of March, 1996.
• I would like to express my sincere thanks and appreciation for the
support the Members have given me during my tenure.
G`'m ; y� �X
Thomas J. Reid
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