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1998.07.14_FAB_Minutes_SpecialTOWN OF HIGHLAND BEACH • FINANCIAL ADVISORY BOARD SPECIAL MEETING MINUTES Tuesdav, July 14, 1998 9.30 A.M. Chairman Felix R. Goldenson called the special Meeting to order in Town Hall at 9:35 A.M. Deputy Town Clerk Jane Dillon called the roll. Present were Chairman Felix R. Goldenson, Vice Chair John DeMarco, Members Byron R. McKinley and Marianne Salibello. Charles D. Cohn was absent. Finance Director Stan Novak, Vice Mayor Thomas J.Reid and Commissioner Sorrelli were also present. APPROVAL OF MINUTES Upon MOTION by MR. DEMARCO/MR. MCKINLEY, the minutes of the June 30, 1998 Special Meeting were unanimously approved. NEW BUSINESS Water/sewer Rates • Mayor Voress offered an in-depth review of the water and sewer lines, stating that the sewer lines are running at a loss and are in need of repair. Lift Station #2 needs to be replaced, and with the new construction projects being started in Town, the lines will not be able to handle the added loads. The work will be done in phases over the next few years. Upon MOTION by MR. DEMARCO/MR. MCKINLEY, the following MOTION was made: THE FINANCIAL ADVISORY BOARD RECOMMENDS APPROVAL BY THE TOWN COMMISSION OF A 10% INCREASE ($1.30), FLAT SEWER RATE FROM $13.15 TO $14.45 PER MONTH. The Board approved this Motion by a unanimous vote. As the water system is producing a profit, the Board Members felt no need to increase the rate. Library Maria Suarez, Library Director, offered explanation of the planned computer setups she would like placed in the Library. Additional wiring would also be done at this time for any future needs. It was stated that $27,000 is available for purchases of computer equipment. Financial Advisory Board • July 14, 1998 Page 2 of 3 OLD BUSINESS Second Review of the 1998/1999 Proposed Budget Stan Novak distributed a revenue and expenditure comparison as previously requested by the Board. Review of, and questions were presented and answered satisfactorily. After discussion of the Millage calculations, the following MOTION was made by MR. DEMARCO/MS. SALIBELLO: THE FINANCIAL ADVISORY BOARD RECOMMENDS THAT THE MILLAGE RATE REMAIN AT 4.0000. The Board passed this Motion by a unanimous vote. At the conclusion of the review of subject Budget, the following MOTION was made by MR. MCKINLEY/MR. DEMARCO: THE FINANCIAL ADVISORY BOARD RECOMMENDS APPROVAL OF THE PROPOSED 1998/1999 PROPOSED BUDGET AND RECOMMENDS THAT THE TOWN COMMISSION ACCEPT THE BUDGET AS SUBMITTED BY THE TOWN ADMINISTRATION. • The Board passed the Motion by a unanimous vote. Light Duty Policy There was concern expressed on the wording within part of the policy. Mr. Novak was asked to confer with Workmen's Comp. and/or the Town's Attorney on the proper clarification of the statement "maximum medical improvement." This policy will be addressed again at a forthcoming special session. With no further business to come before the board at this time, MOTION to adjourn was made by MR. DEMARCO/MR. MCKINLEY at 11:10 a.m. • • Financial Advisory Board July 14, 1998 APPROVE: Felix R. Goldenson, Chairman absent Charles D. Cohn Marianne Salibello Attest: Date: C7 Page 3 of 3