2004.12.16_FAB_Minutes_RegularFINANCIAL ADVISORY BOARD
SPECIAL MEETING
MINUTES
Thursday. December 16, 2004 2:c7cj PrA
9nOG-A.M.
Vice Chairman Alan Teller called the meeting to order at 2:00 P.M. in Commission
Chambers. In attendance were Vice Chair Alan Teller, James W. Newill, Anthony
Philosophos and Max Angel. Also present were Acting Town Manager Doris Trinley,
Finance Director Stan Novak and members of the general public.
APPROVAL OF MINUTES
Upon MOTION by MR. NEWILL/MR. PHILOSOPHOS, the minutes of the September 29
Regular Meeting was unanimously approved.
NEW BUSINESS
Todd Higley, Public Risk Insurance Agency (PRIA), presented an overview of his
company and what it can offer the Town. (additional information attached hereto and
made a part of these minutes.)
0 He recommends that the Town look into retaining an insurance counselor to look at the
Town's insurance policies.
OLD BUSINESS
There was discussion re the August Fiancials. Mr. Newill recommends the audit of the
RO plant be done by an outside firm. Ms. Trinley confirmed that the Town is required
to do an audit by the State. The on site auditors were brought into the meeting, and
after discussion, said they will get a list of what items the State requires, and then be in
a position to offer a quote.
OTHER BUSINESS
With the position of Chairman open, MOTION was made by Mr. Teller/Mr. Philosophos
to elect Mr. Newill as Chairman. Mr. Teller will remain as Vice -Chair.
ADJOURNMENT
With no further business to come before the Board, MOTION to Adjourn was made by
MR. TELLER/MR. NEWILL at 4:20 p.m.
E
11
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Financial Advisory Board
Regular Meeting Pme 2 of 2
APPROVAL
Alan Teller, v. eii ci4
Anthony Philosophos 31 -IJ -110j,
Max Angel
CR -Ls �- -
David Stern
Attest- Date: 31,;,.7110�-