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BOARD
OF FINANCE
James Francis called the meeting to order at 7:32 pm. Others present: Treasurer Robert Dixon, Park and Recreation Commissioner James Rawn Treasurer's Report: Robert Dixon briefly reviewed the February financials, stating that the budget is tracking well. Motion was made by Campbell Hudson to accept the February Treasurer's Report. Fred Vollono seconded the motion and it was unanimously approved. Motion carried. There was discussion with regard to legal fees and the Preserve matter. James Francis asked Campbell Hudson if there had been a conference call between Mr. Hudson, First Selectman Miller and Attorney Matt Ranelli for an update. Mr. Hudson stated no conversation at this point. Mr. Francis stated that he would like this call to happen. Mr. Dixon stated that the property tax collection rate is doing extremely well. Mr. Dixon anticipates receipt of the interest lost on the school project from the delayed reimbursement. Motion was made by Campbell Hudson to accept the March Treasurer's Report. Fred Vollono seconded the motion and it was unanimously approved. Motion carried. 2008-2009 Budget There was discussion with regard to the Elementary School budget. Joel Marzi stated his concern that the budgets do not reflect the revenue received from Federal and State grants. There was discussion as to how this might be accomplished. Mr. Dixon stated that the Board of Selectmen had made $125,000 in additional reductions to their originally proposed budget. Motion was made by Joel Marzi to submit for discussion at the public hearing the 2008-2009 Board of Selectmen's budget in an amount not to exceed $6,403,734. Lee Rowley seconded the motion and it was unanimously approved. Motion carried. Motion was made by Campbell Hudson to submit for discussion at public hearing the 2008-2009 Essex Elementary School budget in an amount not to exceed $6,809,915. Keith Crehan seconded the motion and it was unanimously approved. Motion carried. Motion was made by Lee Rowley to adjourn at 9 pm. Fred Vollono seconded the motion and it was unanimously approved. Motion carried. Respectfully submitted,
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