2021.08.19_FAB_Minutes_Regular 6,1,1.GHL TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD
ORGANIZATIONAL/SPECIAL MEETING
7999 MINUTES
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Town Hall / Commission Chambers Date: August 19, 2021
3614 South Ocean Boulevard Time: 2:00 P.M.
Highland Beach, Florida 33487
1. CALL TO ORDER
Chairperson Stern called the meeting to order at 2:16 P.M.
2. PRESENT UPON ROLL CALL
Member David Goldberg
Member Peter Weiner
Member Mitchell Pakler
Member John Stump
Member Richard Greenwald
Administrative Support Specialist Ganelle Thompson
ADDITIONAL STAFF PRESENT
Town Manager Marshall Labadie
Finance Director Matthew Lalla
ABSENT
Member Ron Reame
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance.
4. APPROVAL OF THE AGENDA
Chairperson Stern added "Analysis of General Fund Balance" by Vice Mayor Moore as
Item 8D under New Business. Member Greenwald added "Discussion on Advisory Board
Schedule" under Board Member Comments.
MOTION: Greenwald/Stump - To approve the agenda as amended.
The motion passed on unanimously on a 6 to 0 vote.
Financial Advisory Board Organizational/Special Meeting Minutes
Date: August 19, 2021 Page 2 of 4
5. PUBLIC COMMENT
There were no preregistered public comments.
6. APPROVAL OF MINUTES
A. March 29, 2021, Financial Advisory Board Special Meeting Minutes
Chairperson Stern read the title into the record.
MOTION: Greenwald/Wiener - To approve the minutes of March 29, 2021, as
presented.
The motion passed on unanimously on a 6 to 0 vote.
B. July 08, 2021, Financial Advisory Board Special Meeting Minutes
Chairperson Stern read the title into the record.
MOTION: Stump/Wiener - To approve the minutes of July 08, 2021, as presented.
The motion passed on unanimously on a 6 to 0 vote.
7. UNFINISHED BUSINESS
There was no unfinished business.
8. NEW BUSINESS
A. Nomination of Chairperson
Chairperson Stern read an email from Member Ron Reame concerning his interest to
serve as the Vice Chairperson.
Chairperson Stern announced that Nominations were open for Chairperson.
MOTION: Greenwald/Weiner — Nominated David Stern as Chairperson to serve a
one-year term, ending July 19, 2022.
The motion passed on unanimously on a 6 to 0 vote.
B. Nomination of Vice-Chairperson
Chairperson Stern read the title into the record.
Chairperson Stern announced that Nominations were open for Vice-Chairperson.
MOTION: Greenwald/Stern — Nominated Ron Reame as Vice-Chairperson to serve a
one-year term, ending July 19, 2022.
Financial Advisory Board Organizational/Special Meeting Minutes
Date: August 19, 2021 Page 3 of 4
The motion passed on unanimously on a 6 to 0 vote.
C. FY 2022 Employee Health Insurance Renewal - Finance Director Matthew Lalla
Chairperson Stern read the title into the record and referred to Finance Director Lalla.
Finance Director Lalla presented a PowerPoint presentation of the fiscal year 2022
employee health insurance renewal and addressed the board's questions about the
Budget.
Chairperson Stern asked about the funds from the emergency response related to the
COVID 19 pandemic. Town Manager Labadie explained how the Town would recalculate
the money into the Town's budget and he discussed the timeline on which the Town would
need to spend the funds.
D. Analysis of General Fund Balance — Vice Mayor Moore (This item was added to
the agenda)
Chairperson Stern read the title into the record.
Vice Mayor Moore presented a PowerPoint presentation explaining the Analysis of
General Fund Balance. She explained that the purpose was to obtain feedback. In
addition, she provided a breakdown of the assigned versus unassigned fund balance.
The proposal was to consider using the unassigned reserves to avoid the cost of financing
the startup fees associated with the Fire Rescue Capital Investments.
Member Greenwald provided comments and stated that this item should be looked into.
Member Goldberg asked about the Towns flood insurance.
9. BOARD MEMBERS REPORT
A. Discussion on Advisory Board Schedule — Member Greenwald (This item was
added to the agenda)
Chairperson Stern referred this item to Member Greenwald.
Member Greenwald provided comments about the current Financial Advisory Board
meeting schedule and the need to be more active in assisting the Town Commission with
the Town's financial concerns.
Member Goldberg inquired about past initiatives to bring revenue to the Town. Finance
Director Lalla explained where the Town obtains its revenue.
Financial Advisory Board Organizational/Special Meeting Minutes
Date: August 19, 2021 Page 4 of 4
10. ANNOUNCEMENTS
Chairperson Stern read the announcements as follows:
A. August 24, 2021 - 1:30 P.M. Town Commission Special Meeting
August 31, 2021 - 2:00 P.M. Code Enforcement Board Regular Meeting
September 6, 2021, Town Hall closed in observance of Labor Day
September 7, 2021 - 1:30 P.M. Town Commission Meeting
September 9, 2021 - 9:30 A.M. Planning Board Meeting
September 13, 2021 - 5:01 P.M. Town Commission Special First Public Hearing
Budget Meeting
September 21, 2021 - 5:01 P.M. Town Commission Special Second Public Hearing
Budget Meeting
11. ADJOURNMENT
Chairperson Stern adjourned the meeting at 3:17 P.M.
APPROVED at the January 27, 2022 Financial Advisory Board Regular Meeting.
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Disclaimer: Effective May 19, 2020, per Resolution No. 20-008, all meeting minutes are
transcribed as a brief summary reflecting the event of this meeting. Verbatim audio/video
recordings are permanent records and are available on the Town's Media Archives &
Minutes webpage: https://highlandbeach-fl.municodemeetings.com/