Board of Finance 5/17/2023

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Board of Finance Meetings
Board of Finance Meetings
Board of Finance Meetings
Board of Finance Meetings
Board of Finance Meetings
Board of Finance Meetings
Board of Finance Meetings

Chapters

Public Comment Session 00:00:04


Minutes 00:00:10

Minutes of April 19, 2023


Discussion with Chris Kachmar of Fiducient Advisors 00:00:28

a. Allocation of FY 2024 Town Pension Contribution of $10.35 million. b. Asset allocation alternatives to Hybrid Pension Plan.


Pension Report March 2023 00:36:30


Month End Investments - March 2023 00:37:38


Financial Summary (Expenditures) 00:40:37

Financial Summary (Expenditures) for 10 Months - April 2023


Capital Projects 00:45:36

April 2023


Self Insurance Reserve Fund 00:48:33

April 2023


Transfers Approved by Town Manager Since Last Meeting 00:50:37

a. $2,000 Town Manager – Mitigation for 131 Griswold Street b. $235 Community Development – FoxIt License for Director c. $5,000 Riverfront Park – Dock Installation d. $1,900 Police – Development Course for Command Officer e. $1,500 CIP - Open Space Woodland Management Plan Project f. $235 Community Development – FoxIt License for Town Planner g. $1,000 Community Development – Office Supplies Increase h. $3,000 IT – Cabling Services for remainder of fiscal year i. $1,410 Parks & Rec – Inflation costs for upgrade to Ford F-350


Transfers over $5,000 00:51:40

a. $80,000 – CIP Gideon Welles Boiler Project b. $11,000 – CIP Welles Turner Library Renovation Project c. $36,613 IT – Equipment purchases that were eliminated in Proposed FY 2024 budget


Recommend the transfer of certain uncollected taxes to the Suspense Tax Book 00:54:45



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