Finance Committee Meeting Minutes- 5/9/24

Windham Solid Waste Management District (WSWMD)

Finance Committee Meeting

Via ZOOM and In-Person @ 327 Old Ferry Rd, Brattleboro, VT

 Minutes of May 9, 2024

 

Committee Members Present: Committee Chair-Merrill Mundell, Wilmington; Michelle Cherrier, Dummerston; Jim Damato, Readsboro (alternate); Liz Spector, Wardsboro

 

Additional Board Members Present:

Committee Members Absent: Patrick Moreland, Brattleboro; Sandra Rulewich, Vernon

 

WSWMD Staff Present: Robert Spencer, Executive Director; Anita Grant, Office Manager & Operations Liaison, District Clerk

 

Others Present: None

Merrill called the meeting to order at 6:06 PM

 

  1. Changes and/or Additions to the Agenda:

Merrill allowed the motion and vote for Finance Committee Chair as it was absent from the meeting agenda.

 

Michelle made the motion to nominate Merrill Mundell as FC Chair for another year, Jim seconded and the motion was carried.

 

  1. Approval of Minutes- April 2024:

 Jim made the motion to accept the minutes as written, Michelle seconded, and the motion was carried     with one abstention.

 

  1. Review of Check Registers- April 2024:

Jim asked about the electronic funds transfers having the same “check number”, and Anita explained it was the date of the bank draft used for the individual vendors. He also asked about the multiple entries for Europa IT, and Anita explained that one was from March and one from April, they were not duplicate entries.

Michelle made the motion to recommend the Board of Supervisors approve the check register for April 2024, Jim seconded, and the motion was carried.

 

  1. Review of Financial Statements- April 2024:

Bob reported that April gained another $15,000 in surplus to finish the month at a $32,000 deficit. He felt comfortable that WSWMD was on track to hopefully finish with zero deficit or a small surplus. He reported that Casella’s diversion of cardboard has negatively impacted the sale of recycled materials and did not see that recuperating this fiscal year. He indicated that the legal fees incurred in April were related to the OCC contract violation with Casella and were not from the Compost Facility Expansion. He also showed that the hauling expenses were down considerably since Kimberly had done most of the hauling in April.

Jim made the motion to recommend the Board of Supervisors approve the financials for April 2024, Michelle seconded, and the motion was carried.

 

  1. Executive Session: None

 

  1. Other Business: None

 

  1. Next Meeting: Thursday, June 13 @ 6 PM

 

  1. Adjournment: 6:25 PM

 

Minutes prepared by:

 

Anita Grant

Office Manager & Operations Liaison/District Clerk