Board of Finance

Approved by the Board of Finance March 21, 2023 MINUTES Vol. 7. Page 394 Vote: Unanimous BOARD OF FINANCE REGULAR MEETING CITY HALL AUDITORIUM / ZOOM FEBRUARY 21, 2023 A REGULAR MEETING of the Board of Finance was held on Tuesday, February 21, 2023. Attendance was by Zoom and in person. Present at City Hall were Mayor Elinor Carbone, Comptroller Robin Stanziale, Deputy Comptroller Kim Alviles, Treasurer Dan Farley, Public Works Director Ray Drew, and Board of Finance Members James Wright, Laurene Pesce, and Deborah Iannacito. Joining via Zoom was Board of Finance Member Chris Beyus. Board of Finance Members Christopher Anderson and Mark Bushka were absent. Mayor Carbone called the meeting to order at 5:04 p.m. beginning with the Pledge of Allegiance. OPEN TO THE PUBLIC On a motion by Mrs. Pesce, seconded by Mr. Beyus, the Board voted unanimously to open the meeting to the public. No members of the public wished to speak. APPROVE MEETING MINUTES On a motion by Mr. Wright, seconded by Mrs. Pesce, the Board voted unanimously to accept the Regular meeting minutes from January 17, 2023. TORRINGTON YOUTH SERVICE BUREAU On a motion by Mrs. Pesce, seconded by Mr. Wright, the Board voted unanimously to approve an increase of $894.00 in funding to the Torrington Youth Service Bureau to be paid from Contingency, pending approval from the City Council. Torrington Youth Service Bureau (TYSB) Executive Director Cathy Ohm gave the board an overview of what services they provide for local youths and families. She went on to say in 2022 TYSB was able to help 1,734 youth and their families right in Torrington. FY 22-23 BUDGET AMENDMENT AND TRANSFER REQUESTS On a motion by Mr. Wright, seconded by Mrs. Pesce, the Board voted unanimously to authorize the following budget transfer and amendment requests for FY 22/23 as further described in City Comptroller’s letter dated February 16, 2023, pending City Council approval. Mrs. Pesce asked what the transfer was for, and Ms. Stanziale explained that the Police Department is requesting the transfer to put up a fence around the impound lot on Winthrop Street. BUSINESS BY DEPARTMENT HEADS On a motion by Mr. Wright, seconded by Mrs. Iannacito, the Board voted unanimously to consider business by department heads. Treasurer Dan Farley gave the Board an update on the Bond process and the current Bond rating for the City. He also mentioned that he was able to file 68 claims for unclaimed properties for the City of Torrington totaling $15,778.20. Comptroller Robin Stanziale said that she had provided the Board with the current year-to-date budget report. BUSINESS BY MAYOR & MEMBERS On a motion by Mrs. Pesce, seconded by Mr. Wright, the Board voted unanimously to consider business by the Mayor and members of the Board of Finance. There was no business to be discussed. ADJOURNMENT On a motion by Mrs. Pesce, seconded by Mr. Beyus, the Board voted unanimously to adjourn at 5:22 p.m. Respectfully submitted by ATTEST: Heather Abraham, Asst. City Clerk CAROL L. ANDERSON, CITY CLERK CAROL L. ANDERSON, CITY CLERK