Finance Committee Minutes- November 10, 2022

| Finance Committee Meeting Notices, Agendas & Minutes

Windham Solid Waste Management District (WSWMD)

Brattleboro, Vermont

Finance Committee Meeting

Via ZOOM and In-Person

Minutes of November 10, 2022

 

Committee Members Present: Committee Chair- Merrill Mundell, Wilmington; Michelle Cherrier, Dummerston; James Damato, Readsboro

 

Additional Board Members Present: none

 

Committee Members Absent: Patrick Moreland, Brattleboro;

 

WSWMD Staff Present: Robert Spencer, Executive Director; John Fay, Programs Manager; Vicki Hayes, Finance & Office Manager.

 

Others Present: None.

 

Mr. Mundell called the meeting to order at 5:47 PM

 

  1. Changes and/or Additions to the Agenda: None
  2. Approval of Minutes – October 13, 2022

 

Michelle made the motion to accept the minutes of October 13th as written, Merrill seconded, and the motion was carried, with Jim abstaining.

 

  1. Review of Check Register – October 2022:  
  • Bob discussed how the district is supporting cell phone use for work in a new, more equitable way; Merrill and Vicki discussed the new fees from M&T bank and how staff are working on getting those waived; Bob discussed that the district will be providing a uniform allowance to yard staff rather than using Cintas, to save money.

 

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

 

  1. Review of Financial Statement – October 2022:

 

  • Bob gave a detailed overview of the financials for October. He highlighted the fact that the District is still performing well with an approximate $28,000 surplus year-to-date.

 

Michelle made the motion to recommend the Board of Supervisors approve the financials for October  2022, Jim seconded, and the motion was carried.

 

  1. Consider FY 24 Budget: Discussion on lines 217 and 250 regarding the highly volatile revenue from cardboard and expense of single stream recycling, respectively. The committee agreed that the current amounts are our best estimates in an unpredictable market and should remain as is.

Jim moved to recommend to the Board of Supervisors approval of the FY 24 Budget with total revenue of $1,127,870, total expenses of $1,288,380, and total assessment of $255,510 pending the public hearing, Michelle seconded, and the motion was carried.

 

  1. Executive Session:
  2. Next Meeting: Thursday, January 12th @ 6:00 PM
  3. Adjournment @ 6:32 PM

 

Minutes submitted by,

  

John Fay

Programs & Operations Manager