2007.06.14_FAB_Minutes_SpecialFINANCIAL ADVISORY BOARD
SPECIAL MEETING
is MINUTES
Thursday, June 14, 2007 2.30 P.M.
Chairman Alan Teller called the Special Meeting to order at 2:30 P.M. in Commission
Chambers. In attendance were Chair Alan Teller, Vice Chair Max Angel and David
Stern. Gerald L. Gitner and new member Joseph Sarubbi were absent. Also present
were Town Manager Dale Sugerman, Finance Director Stan Novak and members of the
general public.
NEW BUSINESS
YEAR END AUDIT REPORT
Ron Bennett and Don renzel of Nolan, Holt & Miner, P.A., the Town's auditors, were in
attendance to present report and have discussion with the Board. The water plant
fees/funs were discussed along with discussion on the cost of the plant, among other
items. Mr. Sugerman noted that this was a draft report and there were some minor
typos and statements to correct.
Upon MOTION by MR. STERN/MR. ANGEL, the Board recommends the Town
• Commission aaccept the Year End Audit Report subject to minor "cleanup" items to be
corrected in the report.
MOTION carried unanimously.
Monthly Financial Report (April)
The Board reviewed the report with a few issues being raised and answered
satisfactorily.
OTHER BUSINESS
Mr. Teller, who's six year tenure is complete the end of July noted that he will be out of
the area the entire month of July should a meeting need to be called, and suggested that
a new Chair be appointed at this time. Due to two board members being absent today,
it was decided to hold on the elections until there is a full board. It was also noted that
there are no CPA's on the board, and it was thought that it would be best to have a CPA
as the Board Chair. Mr. Sugerman wil bring forth to the Town Commission as to what
is the function of the Financial Board.
Financial Advisory Board
• June 14, 2007
ADJOURNMENT
•
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With no further business to come before the Board, MOTION to Adjourn was made by
MR. Teller/Mr. Angel at 4:10 p.m.
APPROVAL
Alen Teller, Ch.
David Stern
absent
Joseph J. Sarubbi
Attest:
Date:
Max Angel, V. Ch.
absent
Gerald L. Gitner