November 19, 2009
Attendees: Joe Maurer, Chair, Bernice Schreiber, Fiscal Officer, George Skipper, Council, John Bourisseau, Council, Wendy Gillund, Council
Meeting Called to Order at 5:00PM
Review of Accounts Payable
Discussion of various items on the list with satisfactory answers to all questions.
Payables Approved by the Finance Committee for submission to Council.
Review of October Financial Statements
The Financial Statement review indicates that revenues are generally in excess of budgeted amounts with the expectation of trending closer to the budgeted amounts by the end of the year. Revenues are below last years actual revenues primarily due to lower RITA receipts and reduced interest income. Actual expenses for the first ten months were less than budgeted amounts. Overall we continue to be optimistic that we will meet and more than likely exceed the budgeted surplus for the entire year.
Other Discussion Items
Discussion of the Audit field work that was recently completed.
Discusssion of the closing conference that is scheduled for November 24th.
Discussion of the Motion to advance $47,377.26 from the General Fund to the Capital Fund for the payment of Fabrizi Trucking. (Liberty Rd. Project)
The Preliminary Budget that was distributed last month was discussed. Bernice is to make some minor changes and will re-circulate in order to be prepared to pass at the December meeting.
Meeting adjourned at 6:30PM
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