1996.12.10_FAB_Minutes_Regular• TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD
REGULAR MEETING
MINUTES
Tuesdav, December 10, 1996 10:00 A.M.
Chairman Victor P. Hadeed called the Regular Meeting to order in
Commission Chambers at 9:35 A.M.
Deputy Town Clerk Jane Dillon called the roll. Present were
Chairman Victor P. Hadeed Vice -Chair John R. DeMarco, Members
William Wm. Rothenberg, Felix Goldenson and Byron R. McKinley.
Commissioner Thomas J. Reid, Finance Director Stan Novak, Town
Manager Mary Ann Mariano were present, as well as employees of the
Town of Highland Beach.
APPROVAL OF MINUTES
Upon MOTION by MR. DEMARCO/Mr. GOLDENSON, the minutes of the July
23, 1996 Regular Meeting were unanimously approved.
NEW BUSINESS
Review Health Insurance Proposals
• The employees of the Town were invited to hear discussion the Board
had on three proposals received for consideration in changing to a
new health insurance provider.
Ms. Mariano and Mr. Novak presented the pros and cons of each plan,
and after discussion and comments from the employees, it was felt
the Humana plan was the most suitable for the Town and the
employees' needs. An agent will communicate individually with each
employee to help assist in selection of an HMO,PPO or POS which the
program offers.
Review Financial Reports
The Board reviewed the Summary of Revenues and Expenditures report
of which there was discussion, with questions being answered
satisfactorily.
Mr. Novak suggested a meeting be held in the near future for
discussion on how the Town's surplus funds should continue to be
invested.
With no further business to come before the board, MOTION to
adjourn was made by MR. GOLDENSON/MR. DEMARCO at 10:55 a.m.
•
• Financial Advisory Board
December 10 1996 Page 2 of 2
APPROVE:
Victor P. Hadeed, Chair an
R. Oemarco, Nice Chairman
V
Werner Wm. Roth berg
Felix R. Goldenson
Byron R. McKinl y
ATTEST:
DATE:
0
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