Management Letter with the actions the Town was taking regarding the Auditors’
recommendations; (2) Financial Reports - Councilor Saums stated Finance Director Matthew
Bonin provided a 5 month update on Revenues and a 6 month update on Expenses in Excel
spreadsheets, which the Committee appreciated because they were so much easier to
interpret than the Munis reports; (3) Board of Education Fiscal Year 2023 Surplus -
Councilor Saums stated the Finance Committee discussed but took no action on transferring
the Board of Education FY 21-22 operating budget surplus of $448,253 to the BOE Capital
Reserve Fund, which was required in accordance with the 1989 “Resolution Creating a
Funding Mechanism for Making Annual Appropriations to a Capital Reserve Fund for the
Board of Education”. This was because the General Government experienced a Healthcare
deficit of $861,753 noting that the Board of Education Retiree Healthcare costs were
overlooked last year during the budget preparation process. The Finance Committee would
continue to review the situation and the process. A written procedure was being developed to
ensure this does not happen again. A larger issue was how the Board of Education’s Capital
Assets were paid for, and how money was set aside along with other funding sources like
Grants and Bonding. Superintendent of Schools Mr. Hartling made the points that Retired
Employee Healthcare expenses were balanced out by Employee Contributions, that the
budget surplus transfer was required per the Resolution, and that projects slated for this
summer could not be completed if the funds were not transferred; (3) “Resolution
Establishing Administrator/Department Head Benefits” - Councilor Saums stated the Finance
Committee continued their discussion regarding proposed updates to the “Resolution
Establishing Administrator/Department Head Benefits”, specifically, how Department Heads
annual gross wage increases would be determined. He stated the Committee discussed a
proposal to use the CCM Data Report based on the average negotiated union wage increases,
but the average reported for December was less than the Department Heads received this
year. The Committee discussed this new method, but then withdrew the motion because
more work needed to be done. There were two issues: (a) Adjusting wages to be competitive
with other towns (if necessary); and (b) Then keeping wages competitive. External measures
were needed for both, and the CCM Report provided an independent source for both; (4)
HVAC Systems - Emergency Services Building and the Parks and Recreation/Senior
Citizens Facility - Councilor Saums stated the Finance Committee added a new item to the
agenda to approve the use of American Rescue Plan Act (ARPA) funding and to obtain bids
to replace the HVAC systems in the Emergency Services Building and the Parks and
Recreation/Senior Citizens Center. The HVAC System at the Parks and Recreation/Senior
Center was 31 years old. The heating system has been repaired many times and the air
conditioning system has failed completely. The cost to replace the system was about
$75,000. Councilor Saums went on to state that the Emergency Services Building System
was 21 years old and it’s heating system was failing. The cost to replace the Emergency
Services Building’s system was about $190,000. Currently there was about $600K of
undesignated ARPA funds, and the total combined proposals were $337,000. Councilor
Saums stated Public Works Director/Town Engineer Steve Masalin provided a quote from
one contractor from the State Bid List, but after the meeting, the Public Works Director
spoke with the Building and Grounds Forman and was informed that two quotes were
obtained, and that the other estimate was even higher. Councilor Saums stated that Mr.
Masalin explained that going out to bid for three quotes would require engineering work to
develop a Request for Proposals (RFP) and would further delay these HVAC Projects; and
there was the potential for the cost to increase, not decrease. Therefore, the Finance
Committee’s recommendation to approve ARPA Funding and to solicit additional bids was