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Meeting Name: Finance Committee Agenda status: Final
Meeting date/time: 2/15/2023 5:00 PM Minutes status: Final  
Meeting location: Town Hall Annex Building - Hybrid Format
Regular Meeting
Published agenda: Agenda Agenda Accessible Agenda Accessible Agenda Published minutes: Minutes Minutes Accessible Minutes Accessible Minutes  
Agenda packet: Agenda Packet Agenda Packet
Meeting video:  
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
23-1161 1  MinutesMOTION to approve the Finance Committee Regular Meeting Minutes of February 1, 2023Approved and so declaredPass Action details Video Video
23-1210 11  ReportFinance Director’s Report   Action details Not available
22-064 11. General DiscussionContinued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.No Action   Action details Video Video
22-093 12. General DiscussionAny other Old Business proper to come before the Committee.   Action details Not available
23-1179 11. Financial Business Request (FBR)MOTION to appropriate and transfer the Board of Education Fiscal Year 2021/2022 audited surplus of $448,253 from unrestricted fund balance as follows: · $381,015 to Account #21070101-58250 (BOE Reserve Fund) in accordance with “Resolution Creating a Funding Mechanism for Making Annual Appropriations to a Capital Reserve Fund for the Board of Education” adopted on September 28, 1988; and · $67,238 to Account #21070101-58262 (Track & Field Rental Reserve) (15% when surplus exceeds $250,000) in accordance with “Resolution Regarding The Establishment Of An Account For The Revenues Received From Leasing the Ledyard High School Multi-Use Facility” adopted on April 22, 2020.Recommended for ApprovalPass Action details Video Video
22-877 22. ResolutionMOTION to adopt proposed revisions to the “Resolution Establishing Administrator/Department Head Benefits” as contained in the draft dated February 15, 2023.Recommended for ApprovalPass Action details Video Video
22-279 13. General DiscussionAny other New Business proper to come before the Committee.   Action details Video Video