2003.01.21_FAB_Minutes_Regular• FINANCIAL ADVISORY BOARD
REGULAR MEETING
MINUTES
Tuesday, January 21 2003 2.30 P.M.
Chairman Marianne Salibello called the Quarterly Meeting to order at 10:00 A.M. in the
Town Commission Chambers. Also in attendance were Vice Chair Byron R. McKinley,
Members Felix Goldenson, Alan Teller and John R. De Marco. Also present were Town
Manager Ben Saag, Finance Director Stan Novak, and members of the general public.
APPROVAL OF MINUTES
Upon MOTION by MR. McKINLEY/MR. De MARCO, the minutes of the July 18, 2003
Meeting were unanimously approved.
NEW BUSINESS
Town Insurance: Town Manager Ben Saag and Finance Director Stan Novak noted that
they are currently looking into other Insurance Companies. Their findings will be
discussed at a future FAB meeting.
0 Year End Financials:
Year End financials were discussed with questions answered satisfactorily.
Correspondence:
Memos from Haas Diaz, stating their merger with the accounting firm Rachlin Cohhen
& Holtz was noted, as well as Mr. Saag's memorandum re Year End Analysis.
Election of officers for 2003 was held with MOTION by Mr. DeMarco/Mr. Goldenson to
renominated Marianne Salibello as Chair and MOTION by Ms. Salibello/Mr. McKinley to
nominate John De Marco as Vice -chair. Mr. McKinley declined being re -nominated as
Vice Chair.
Motions met with unanimous vote.
ADJOURNMENT
With no further business to come before the Board, MOTION to adjourn was made by
MR. GOLDENSON/MR. MCKINLEY at 10:40 A.M.
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• Financial Advisory Board
January 21, 2003 Page 2 of 2
APPROVAL:
Marianne Salibello, Chair
Byron R. McKinle -Chas
John R. DeMarco
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Alan Teller
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