2005.03.21_FAB_Minutes_Regulari
FINANCIAL ADVISORY BOARD
• REGULAR MEETING
MINUTES
Tuesdav, March 21, 2005 9.30 a.m.
Vice -Chair Alan Teller called the Meeting to order at 9:30 A.M. in the Town Commission
Chambers. In attendance were Members Max Angel and David Stern. Anthony
Philosophos was absent. Town Dale Sugerman, Finance Director Stan Novak, and
members of the general public were also present.
ELECTION OF OFFICERS
Upon MOTION by Mr. Angel/Mr. Stern, ALAN TELLER was appointed as Chairman.
Upon MOTION by Mr. Angel/Mr. Stern, ANTHONY PHILOSOPHOS was appointed as
Vice -Chairman.
APPROVAL OF MINUTES
Upon MOTION by MR. ANGEL/MR. STERN, the minutes of the December 16, 2004
Meeting was unanimously approved.
NEW BUSINESS
• Comprehensive Annual Report
Representatives from Nolen, Holt & Miner, PA, 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. ANGEL/MR. STERN to accept the
Comprehensive Annual Report and recommends approval by the Town Commission.
(no formal vote was taken.)
Insurance Issues were discussed, with a MOTION being made by MR. TELLER/MR.
ANGEL to select Waters Rick Management to conduct the Insurance analysis of the
Town. MOTION carried unanimously.
ADJOURNMENT
With no further business to come before the Board, MOTION to adjourn was made by
MR. ANGEL/MR. STERN 10:45 a.m.
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Financial Advisory Board
March 21, 2005 Page 2 of 2
Alan I eller, Chairman
Anthony Philosophos,)V.Ch.
Max Angel
David Stern
Open
Attest:
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Date: -A —d 6