2004.03.23_FAB_Minutes_Regular• FINANCIAL ADVISORY BOARD
REGULAR MEETING
MINUTES
Tuesdav, March 23 2004 9.30 a.m.
-Viet--Chair John R. DeMarco called the Meeting to order at 9:30 A.M. in the Town
Commission Chambers. In attendance were Members Alan Teller, Max Angel, James
W. Newill and Anthony Philosophos. Town Manager Ben Saag, Finance Director Stan
Novak, and members of the general public were also present.
APPROVAL OF MINUTES
Upon MOTION by MR. PHILOSOPHOS/MR. NEWILL, the minutes of the January 27,
20043 Meeting were unanimously approved.
NEW BUSINESS
Comprehensive Annual Report
Chuck Hass and Mary Lou Wurdock of Rachlin, Cohen & Holtz, the Towns auditing firm,
reviewed subject report and answered all questions from the Board.
• There was also discussion re the financial statements. After all questions were
answered, the following MOTION was made by MR. PHILOSOPHOS/MR. NEWILL to
accept the Comprehensive Annual Report and recommends approval by the Town
Commission.
Citizen Suggestion for Fiscal Note
Mr. Yucht spoke re his suggestion for subject note,(copy attached) in that the concept
is to advise members of the public of what the Town has to spend. Acts as a "check
register".
There was lengthy discussion re the need for such a note, as all the information is
available to the public in the financial statements.
Upon MOTION by MR. TELLER/MR. PHILOSOPHOS, the board unanimously agreed
to not proceed with this and recommends Town Commission not to approve.
Mr. Philosophos asked if the Town could do a study of the Police department re
contracting vs. a Town run department as it did for the Fire Department several years
ago. Mr. Saag explained how the former study was conducted. (It was noted that this
is not a staff generated suggestion.) After much discussion, the following MOTION was
• made by MR. PHILOSOPHOS/MR. ANGEL:
• Financial Advisory Board
March 23, 2004 Page 2 of 2
THE FINANCIAL ADVISORY BOARD RECOMMENDS THAT THE TOWN
COMMISSION GIVE CONSIDERATION TO A STUDY OF THE POLICE
DEPARTMENT AS WAS DONE ON THE FIRE DEPARTMENT SEVERAL
YEARS AGO.
The following 3/2 vote was taken: FOR OPPOSE
Mr. Philosophos Mr. Newill
Mr. Angel Mr. Teller
Mr. De Marco
OTHER BUSINESS
The Board discussed having meetings every two months rather than quarterly.
The next meeting will be scheduled at the end of May.
ADJOURNMENT
Wth no further business to come before the Board, MOTION to adjourn was made by
MR. NEWILL/MR. TELLER at 10:45 a.m.
• APPROVAL:
Chair
Alan Teller, V-Chair
Max Anael
Ja
•
W. Newill
Date: 6 -l0 -Oy
•
•
r �
U
NO. 00001
TOWN OF HIGHLAND BEACH, FLORIDA
FISCAL NOTE
1. DATE:
2. THIS FISCAL NOTE TO BE ATTACHED TO PROPOSED ORDINANCE TITLED:
3. AMOUNT OF NON -BUDGETED FUNDS*** AVAILABLE TO BE EXPENDED:
S
4. AMOUNT OF FUNDS TO BE EXPENDED BY THIS ORDINANCE:
S **
S. WHETHER OR NOT THIS ORDINANCE IS EXPECTED TO PRODUCE REVENUE
FOR THE TOWN: YES NO **
6. IF THE ANSWER TO THE ABOVE IS YES, STATE THE AMOUNT THEREOF:
$ PER
**
WHETHER OR NOT THE PROPOSAL IS A ONE-TIME EXPENSE OR A
CONTINUING EXPENSE: ONE-TIME CONTINUING EXPENSE **
FINANCE DEPARTMENT
* TO BE COMPLETED BY FINANCE DEPARTMENT
** TO BE COMPLETED BY COMMISSIONER
COMMISSIONER
* * * (THE AMOUNT OF NON -BUDGETED FUNDS IS THE TOTAL FUNDS
AVAILABLE TO BE SPENT, LESS THE SUM OF THE BUDGET PLUS THE
ADDITIONAL FUNDS APPROVED TO BE SPENT.)