1997.07.15_FAB_Minutes_Regularr
• TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD
REGULAR MEETING
MINUTES
Tuesdav, Julv 15. 1997 1:30 P.M.
Chairman Felix R. Goldenson called the Regular Meeting to order in
Town Hall at 1:30 P.M.
Deputy Town Clerk Jane Dillon called the roll. Present were
Chairman Felix R. Goldenson, Vice Chair John R. DeMarco and Members
Werner Wm. Rothenberg, Bryon McKinley, Felix R. Goldenson and
Charles D. Cohn. Finance Director Stan Novak and Town Manager Mary
Ann Mariano were present, as well as members of the general public.
Commissioner Thomas J. Reid was absent.
APPROVAL OF MINUTES
Upon MOTION by MR. DEMARCO/MR. MCKINLEY, the minutes of the July
10, 1997 Regular Meeting were approved.
BUSINESS
• Final Review - Proposed Expenditures for 97/98 Budget was Amended
to read Final Review of Revenues and Expenditures.
Mr. Cohn was brought up to date on discussion and changes
recommended at the July 10 FAB meeting. There was additional
discussion on the requested cement slab for the dumpster, with Mr.
Cohn enforcing the fact that asphalt will sink after time with the
weight and movement of the dumpster, and stated that cement is in
fact a better surface. Another option would be to keep the
dumpster on earth and regrade every so often.
Lengthy discussion evolved on the $240,110 Cash Balance Forward,
and it was recommended that a change be made to reflect that dollar
figure at $250,000 with an equal adjustment in the contingency
account to balance it.
The following MOTION was made by MR. ROTHENBERG/MR. COHN:
THE FINANCIAL ADVISORY BOARD RECOMMENDS
APPROVAL OF THE PROPOSED 97/98 FISCAL YEAR
EXPENDITURE BUDGET.
Roll call met with unanimous vote.
It was noted that there will be no sewer and water fee increases
this year.
•
• Financial Advisory Board
Tuesday, July 15, 1997 Page 2 of 2
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The millage calculation was discussed and the board unanimously
agreed that the millage remain at 4.000, with the following MOTION
being made by MR. ROTHENBERG/MR. DEMARCO.
THE FINANCIAL ADVISORY BOARD RECOMMENDS
APPROVAL OF THE TOTAL MILLAGE AT 4.0000.,
WITH 3.7252 DESIGNATED FOR MILLAGE GENERAL
OPERATING AND 0.2748 DESIGNATED FOR MILLAGE
DEBT SERVICE.
Roll call met with unanimous vote.
With no further business to come before the Board, MOTION to
adjourn was made by MR. COHN/MR. MCRINLEY at 2:50 P.M.
APPROVE:
Fe4ix R. Ggldepson, Chairman
o n R. D6Marco, 'Vie C �rman
v
Werner Wm. Roth nberg
Charles D. Cohn
Attest:
Date:
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