Board of Finance

Approved by the Board of Finance July 18, 2023 MINUTES Vote: Unanimous Vol. 7. Page 400 BOARD OF FINANCE REGULAR MEETING CITY HALL AUDITORIUM / ZOOM May 22, 2023 A REGULAR MEETING of the Board of Finance was held on Monday, May 22, 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, and Board of Finance Members James Wright, Laurene Pesce, Christopher Beyus, and Deborah Iannacito. Board of Finance Members Mark Bushka and Christopher Anderson joined via Zoom. Mayor Carbone called the meeting to order at 6:29 p.m. beginning with the Pledge of Allegiance. OPEN TO THE PUBLIC On a motion by Mr. Beyus, seconded by Mr. Wright, 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. Anderson, seconded by Mrs. Iannacito, the Board voted to accept the Regular Meeting Minutes from March 21, 2023. Mr. Beyus abstained. On a motion by Mr. Beyus, seconded by Mrs. Pesce, the Board voted unanimously to accept the Special Meeting Minutes from April 25, 2023. On a motion by Mr. Bushka, seconded by Mr. Beyus, the Board voted unanimously to accept the Special Joint Board of Finance and Board of Education Meeting Minutes from April 25, 2023. On a motion by Mr. Wright, seconded by Mr. Beyus, the Board voted unanimously to accept the Public Hearing Meeting Minutes from April 25, 2023. DISCUSSION Comptroller Robin Stanziale provided the Board with an update on the Audit. She said they are finalizing the last item, which will have a two to three-week review. Ms. Stanziale stated that they worked with the auditors on a plan to move forward with losing staff and getting new staff. Mayor Carbone gave an update on Budget Performance through April 30, 2023. She also said that the Board had received the documents requested from the Board of Education that was asked for in the Joint Meeting. BUSINESS BY DEPARTMENT HEADS On a motion by Mr. Beyus, seconded by Mr. Anderson, the Board voted unanimously to consider business by department heads. Treasurer Dan Farley told the Board that he has received two checks so far from the State’s unclaimed funds that the City had found. BUSINESS BY MAYOR & MEMBERS On a motion by Mr. Beyus, seconded by Mr. Anderson, the Board voted unanimously to consider business by the Mayor and members of the Board of Finance. Mr. Bushka wanted to confirm the remaining schedule for the Budget meetings, Mayor Carbone said the Budget adoption meeting is scheduled for June 6th, however, the State might not have its Budget adopted yet, so that could move the meeting to June 8, 2023. On a motion by Mr. Beyus, seconded by Mr. Wright, the Board voted unanimously to add and approve scheduling the Budget Adoption Meeting to June 8, 2023. Mrs. Pesce asked when the next OPEB meeting is going to be, and Ms. Stanziale said the first week in September. Mr. Beyus asked for a Performance Report detailing the City’s surpluses over the last 2 years. ADJOURNMENT On a motion by Mr. Beyus, seconded by Mr. Anderson, the Board voted unanimously to adjourn at 6:46 p.m. Respectfully submitted by ATTEST: Heather Abraham, Asst. City Clerk CAROL L. ANDERSON, CITY CLERK CAROL L. ANDERSON, CITY CLERK