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Board of Finance 5/17/2023

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  • Public Comment Session

    00:04

  • Minutes

    00:10

    Minutes of April 19, 2023

  • Discussion with Chris Kachmar of Fiducient Advisors

    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

    36:30

  • Month End Investments - March 2023

    37:38

  • Financial Summary (Expenditures)

    40:37

    Financial Summary (Expenditures) for 10 Months - April 2023

  • Capital Projects

    45:36

    April 2023

  • Self Insurance Reserve Fund

    48:33

    April 2023

  • Transfers Approved by Town Manager Since Last Meeting

    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

    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

    54:45

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