2002.07.18_FAB_Minutes_RegularFINANCIALADVISORY BOARD
• REGULAR MEETING
MINUTES
Thursday. July 18 2002 2 00 P M
Chairperson Marianne Salibello called the meeting to order at 9:30 A.M. in Commission
Chambers. In attendance were Members Vice -Chair Byron R. McKinley, Alan Teller and
John De Marco. Felix R. Goldenson was absent. Also present were Town Manager Ben
Saag, Finance Director Stan Novak and members of the general public.
APPROVAL OF MINUTES
Upon MOTIONby MR. DE MARCO/MR.McKINLEYthe Minutes of the March 13, 2002
Regular Meeting were unanimously approved.
NEW BUSINES
Review 2002-2003 Proposed Budget
Town Manager Ben Saag opened the meeting with a visual presentation regarding the
Budget. Assorted pie charts and graphs were shown, with explanation being made of
same. The Board discussed and asked questions regarding same, with the following
MOTIONbeing made by MR. McKINLEY/MRDeMARCO:
THE FINANCIALADVISORY BOARD RECOMMENDS TO THE TOWN
COMMISSION, APPROVAL OF THE PROPOSED 2002-2003 FISCAL
• YEAR EXPENDITUREBUDGET. IT ALSO RECOMMENDS THAT THE
MILLAGEREMAINAT THE PRESENT RATE OF 4.000.
MOTIONpassed unanimously.
Revenue and Expenditure Report - May 2002
Subject report was reviewed with all questions answered satisfactorily.
ADJOURNMENT
With no further business to come be
MR. TELLER/MR.McKINLEYat 11:.
APPROVAL
Marianne Salibello, Ch.
�B on R. McKinlY, V. C .
, MOTIONto Adjourn was made by
Alan Tell
f Xt)�'C'
P.hnD Marco
c 17
Felix R. Goldenson Attest- ate:
•