Budget & Finance March 21st Meeting

Budget & Finance Committee

Meeting was called to order by the Vice-Chair at 7:05m at Town Hall.

1. Committee Attendees: Ty Kehrer (Chair), Allison Stern, and Frank Puleo.

2. Non-Committee Attendees: Wendy Taylor (SRP General Manager), Suzanne Allen (SFMC) and Kevin Ubelhart (SRB Treasurer).

3. Public Comment / Issues: None

4. No one electronically recorded the meeting.  Minutes were recorded for this meeting by Ty Kehrer.

5. Review and Adopt the Minutes from February 2018 Meeting. 

a. Frank Puleo made a motion that, “The Budget and Finance Committee accepts the February minutes as presented.”  The motion was seconded by Allison Stern.
b. The motion passed with “Unanimously”.

6. Review of Financial Statements:
a. The Budget and Finance Committee reviewed the February 2018 financial statements.  Frank Puleo made the motion that, “The Budget and Finance Committee accepts the February 2018 financials as presented”.  The motion was seconded by Allison Stern. 
b. The motion passed “Unanimously”.

7. Investments – No action needed at this time.

8. Bid Review: 
a. The Budget and Finance Committee reviewed bids for the new Sun Shades at Meadows Pool.  Frank Puleo made the motion that, “The Budget and Finance Committee recommends the use of All-Recreation at a cost of up to $18,000 to install the new Sun Shade structure at Meadows Pool from Replacement Reserve Funds.”  The motion was seconded by Allison Stern.  The motion passed “Unanimously”.

9. Discussions:  April 11th, 7pm at South Riding Center there will be a presentation about the new bike track being built.

10. The meeting adjourned at 7:33 pm.

11. Next Budget and Finance Meeting:  Wednesday April 18, 2018 at Town Hall at 7:00 pm.