HomeMy WebLinkAboutLight Comm Minutes 7/30/1991RECEIVED
BOARD OF LIGHT COMMISSIONERS 91SEPI9 AN 9:30
MINUTES OF MEETING
JULY 30, 1991 F^ 'IEL.0
PRESENT: Chairman Tartufo, Commissioners Pasquale and Sarro.
Commissioners Colella and Robinson were not present
Meeting called to order at 7:00 pm
MOTION: To approve minutes of June 25, 1991
Sarro /Pasquale Vote 3/0
Audit and Financial Statements:
Commissioner Pasquale stated that the auditor did a fine job.
Commissioner Pasquale stated that he wants,to see the KWH figures
corrected and noted restated so that in the future, there will be no
confusion as to why the numbers changed.
MOTION: To approve the 1990 Financial Statements as submitted with
changes; specifically, KWH and Revenue figures to be restated.
Pasquale / Sarro Vote 3/0
Commissioner Pasquale requested that the Manager determine why the
Hi- Tension Industrial accounts kwh /sales ratio went from $10.64 /kwh
in 1989 to 10.37 /kwh in 1990.
Auditor's Management Letter:
The Manager submitted a written response to the auditor's management
letter. Commissioner Pasquale agreed that due to the town's financial
picture, depreciation should not be kept in a separate fund. In addition,
Commissioner Pasquale also advised the Manager to begin searching for
alternative financial software. Commissioner Pasquale instructed the
Manager to begin preparing specs for a pc based computer system which
will provide timely, accurate financial reports which can be utilized by
the Manager and the Department.
I
OFFICE RELOCATION:
The Manager advised the board of the following alternatives:
a. High Street - Build a new building on existing property at a
cost of approximately 1/2 million dollars, which we do not have.
b. Stay at Creeden Street location and continue paying rent.
C. Look to rent elsewhere
d. Investigate the feasibility of the Roland Green School.
MOTION: To adjourn at 7:27 pm
Sarro /Pasquale Vote 3/0