Finance Committee Minutes 5/12/22

| Finance Committee Meeting Notices, Agendas & Minutes

Windham Solid Waste Management District (WSWMD)

Brattleboro, Vermont

Finance Committee Meeting

Via ZOOM and In-Person

DRAFT Minutes of May 12, 2022

 

Committee Members Present: Committee Chair-Merrill Mundell, Wilmington; Patrick Moreland, Brattleboro; Michelle Cherrier, Dummerston

 

Additional Board Members Present: Bob Matte, Readsboro; Dan Toomey, Putney

 

Committee Members Absent: James Damato, Readsboro

 

WSWMD Staff Present: Robert Spencer, Executive Director; John Fay, Programs Manager; Vicki Hayes. Finance & Office Manager; Anita Grant, Administrative & Operations Assistant/District Clerk

 

Others Present: None

 

Merrill called the meeting to order at 6:24pm

 

  1. Changes and/or Additions to the Agenda: None

 

  1. Annual Election of Committee Chair:

Patrick nominated Merrill as chair, Michelle seconded, and the motion was carried.

 

  1. Approval of Minutes- March 10. 2022:

 Michelle made the motion to accept minutes as written, Patrick seconded and the

 motion was carried.

 

  1. Approval of Check Register- April 2022:

Patrick mentioned that he had trouble printing the check register.  Vicki and Anita will investigate the issue for subsequent meetings.

 

Patrick made the motion to recommend the Board of Supervisors approve the check register, Merrill seconded, and the motion was carried.

 

  1. Approval of Financial Statement- April 2022:

Vicki gave an overview of the financials for April. She specifically noted the current surplus of $236,926.50, primarily driven by one-time events in Renewable Energy Credits, grant revenue and favorable tip fees. Expenses are holding at 6% above budget. Bob noted that fee increases for FY23 will be discussed at the June meeting.

 

Merrill made the motion to recommend the Board of Supervisors approve the financials for April 2022, Patrick seconded, and the motion was carried.

 

 

  1. Consider Pre-Payment of Loader Loan: After some discussion, it was determined that in view of the pending recommendation by the Compost Capacity Committee, it was not in the District’s best interest to pay off the loader at this time.

 

7,8,9.  Compost Facility Expansion:  This was discussed in depth at the Compost Capacity Committee in the earlier meeting. As the Finance Committee was present for that meeting at 5pm, it was decided not to discuss further at this meeting.

 

  1. Executive Session (if needed): None

 

  1. Other Business: None

 

  1. Next Meeting:  June 9th @ 5pm, combined with Compost Capacity Committee

 

  1. Adjournment:  6:45pm

 

Minutes prepared by:

 

 Anita Grant

Administrative & Operations Assistant/District Clerk