HomeMy WebLinkAbout2008_10_29 Town Board Minutes Minutes of the Special Meeting of the
Mamaroneck Town Board
held on Wednesday, October 29, 2008
in the Mamaroneck Town Center
The Supervisor called the meeting to order at 4:OOpm.
Att: Supervisor Valerie O'Keeffe
Deputy Supervisor Phyllis Wittner
Councilman Ernie Odierna
Councilwoman Nancy Seligson
Councilman David Fishman
Also Att: Stephen Altieri Town Administrator
Anthony Siligato Town Comptroller
Mary Stanton Assistant to the Town Administrator
The Town Supervisor indicated that this was the first budget work session of the Town
Board to review the Tentative Budget for 2009.
Budget Performance Review as of 9/28/09
The Town Comptroller distributed to the Town Board copies of the budget performance
report for the period January 1 — October 28, 2008. Overall the Town has received 85%
of the revenues and tax levies estimated for 2008. He indicated that revenues in the
categories of mortgage tax and investment income were lower than estimated as a
result of the downturn in the economy. Total Revenues received to date totaled
$25.5million. There was then a review of the revenue performance for each fund.
Also distributed was a budget performance report for expenses indicating that as of
October 28 the Town had expended $22.3mllion which represented 74% of the budget.
Expenses were reported to be generally in line with the Town's original estimates. The
only major exceptions to that were expenditures for gasoline, fuel oil, and diesel fuel.
Considering the dramatic increase in fuel prices over the summer these expenditures
were not unexpected. The review then detailed expenditures in each of the budget
funds.
Overview of the 2009 Tentative Town Budget
The Town Administrator presented to the Town Board an overview of the proposed
budget. Using the text of the budget transmittal letter the Town Administrator provided
the highlights of the proposed budget by budget fund. There was discussion of the
highlights and questions from the Town Board regarding certain aspects of the budget
document.
The Town Administrator indicated that expenditures in the budget had risen by just over
$1 million. Major drivers of the budget increases included energy related costs, salary
adjustments as provided in the various collective bargaining agreements for Town
employees.
There was also some preliminary discussion of capital expenditures. Specifically the
discussion revolved around the alternatives of appropriating certain capital expenditures
as has been the Town's practice or to borrow funds and incur debt. Further discussion
of the capital budget will occur at a future work session.
There being no further business the meeting was adjourned at 6:30pm
Submitted by Steve Altieri, Town Administrator