MINUTES BOARD OF FINANCE REGULAR MEETING WEDNESDAY, JANUARY 24, :30 PM SHOVE BUILDING CONFERENCE ROOM

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1 Town of Woodbury 281 Main Street South Woodbury, CT First Land Deed from the Indians April 12 th 1659 MINUTES BOARD OF FINANCE REGULAR MEETING WEDNESDAY, JANUARY 24, :30 PM SHOVE BUILDING CONFERENCE ROOM Present: Alex DeSorbo: Chairman Bill Monti Mike Cunningham Karen McWhirt Steve Tranguch Nancy Grasing Also Present: William Butterly, Jr.: First Selectman, Muffy Gomes: Fiscal Officer and Mike Preato: Voices 1. Call to Order Chairman Alex DeSorbo called the regular meeting to order at 7:33 PM in the Shove Building Conference Room. 2. Election of Chair and Vice-Chair for 2018 term MOTION: N. Grasing moved to nominate and elect Alex DeSorbo as Chairman of the Board of Finance for Steve Tranguch seconded. UNANIMOUSLY APPROVED. MOTION: B. Monti moved to nominate and elect Nancy Grasing as Vice Chairman of the for A. DeSorbo seconded. UNANIMOUSLY APPROVED. 3. Public Comment No one came forward. 4. Approval of Minutes a. Regular Meeting November 15, 2017 MOTION: M. Cunningham moved to accept the regular meeting minutes of November 15, 2017 as presented. B. Monti seconded. UNANIMOUSLY APPROVED. 5. Treasurer's Report and consideration of transfer requests a. Accounts through December 2017 M. Gomes noted no material issues with accounts through Dec The tax refunds account does need to be addressed as currently it shows a negative amount. After discussion it was decided to address this with a transfer next month. Town Aid to Roads money has been received from the State. Board members would like an update from Department of Public Works on weather events, labor and materials used year to date versus previous years. b. Special revenue accounts review Board members received a copy of the accounts summary.

2 Regular Meeting January 24, 2018 Page 2 6. First Selectman's Update B. Butterly welcomed all members who came back this year and welcomed K. McWhirt to the Board. He congratulated the chair and vice chair. The new Senior bus arrived on Tuesday at a cost of $63,984, $12,790 being Woodbury's share of the cost. The balance was covered by a grant. It should be on the road next week. 7. Bills MOTION: M. Cunningham moved to accept the clerk's bill for 2.75 hours, $49.25, and approve for payment. B. Monti seconded. UNANIMOUSLY APPROVED. 8. Unfinished Business a. Budget development FY Region 14 FY '18-'19 budget meeting will be held March 26 th place not known at this time. Board members requested a building permit fees report at the next meeting. A. DeSorbo asked members to consider in the upcoming budget changing some account names and consolidation of some accounts to be put under a larger line item/department for clarity and ease of management. Two special meetings with department heads are scheduled for February 10 th and February 17 th. A discussion followed as to order and presentation preferences. The meetings will begin at 9:00 AM with departments presenting their budgets beginning at 9:30 AM. 9. New Business a. Consideration of ECS grant program and resolution The Board of Selectmen approved a resolution constructed by Bill Monti and Alex DeSorbo regarding ECS equity with the caveat the also pass this resolution. The Chair noted the Board previously approved a similar resolution with a slightly different approach to the grant allocations. Following is the formal resolution. MOTION: B. Monti moved the following resolution: WHEREAS: (1) The State of Connecticut has a statutory formula for determining Education Cost Sharing grants to each town and the State only partially funds that formula. (2) The ECS grant is by far the largest portion of state aid to municipalities and has the greatest effect on both local property tax rates and the quality of educational programming in each community. (3) The total current funding of ECS grants is 80% ( ) of that formula, yet some towns have received for many years, and continue to

3 Regular Meeting January 24, 2018 Page 3 this day to receive, disproportional shares ranging from 3% to 576% of their formulaic grant entitlement. (4) The Legislature has employed ECS grant adjustments to individual towns to address disparate needs among school districts, offsets for other municipal aid projects (e,g, PILOT), and as voting inducements. (5) The Legislature has recognized, in its most recent FY Budget and plans, that the distribution of ECS grants is and has been inequitable, unfair and remains at odds with the court's decision in CCJEF v. Rell, and, as a result has proposed an improbable ten-year phase-in correction plan contingent on the unlikely addition of $400 million to the overall funding for ECS. (6) The existing and planned ECS disproportional distribution of ECS dollars unfairly causes and will continue to cause unfair, inequitable, inconsistent and regressive increases in the property tax rates of many towns like Woodbury, that receive below their fair, rational and formulaic entitlement. IT IS THEREFORE RESOLVED that the Woodbury Boards of Selectmen and Finance call upon the Connecticut State Legislature to enact legislation in the 2018 session which mandates the grants for each and every town be fully funded in direct proportion to the level at which the state funds the entire ECS program beginning in the 2019 fiscal year. We encourage the legislature to address the specific and/or remedial programming (such as Alliance District need) in a separate formulaic approach encompassing only those criteria unique to such categories. In this way the state's local educational support program(s) could begin to meet the rational, proportional and equitable expectations which the January 2013 Task Force to Study State Educational Funding Final Report advised. Discussion: B. Monti noted the recent Supreme Court decision does not address the issues that Woodbury has with the ECS grant allocations as the Court was dealing with minimally adequate educational opportunities. The issue and resolution before the Board is a property tax issue. If the State administers a program by a formula that formula should be adhered to. The ECS started out as a guaranteed tax base in the late 1970's. S. Tranguch seconded. UNANIMOUSLY APPROVED.

4 Regular Meeting January 24, 2018 Page 4 A town by town analysis of the resolution's recommendations of equal funding for each town may be found at the end of these minutes. b. Consideration of Pension structures Members discussed the Retirement and Pension Board meeting held in December as some Finance Board members attended. What should the do with funds the Board anticipates as surplus at the end of this fiscal year? Should it go toward costs in anticipation of the change in plans? The Buildings capital plan was discussed. The Board discussed the possibility of building a capital projects fund in the upcoming budget plans. 10. Adjournment MOTION: N. Grasing moved to adjourn the meeting at 8:45 PM, S. Tranguch seconded. UNANIMOUSLY APPROVED. FILED SUBJECT TO BOARD APPROVAL Respectfully submitted, c. Linda Leigh Clerk

5 Regular Meeting -January 24, 2018 Page 5 1/10/2018 Alliance Districts in BOLD ECS 2019 Proportional Distribution Each town share with Fully Funded Formula CURRENT BUDGET What each town receives in the 2018 budget % of full formula What each town would receive at equal 80% shares of full AT PROPOSED 80% funding formula Difference from 2018 grant versus equal 80% shares for each town Andover $1,683,798 $2,023, % $1,353,789 -$669,892 Ansonia $23,263,940 $16,421, % $18,704,415 $2,282,820 Ashford $2,872,999 $3,351, % $2,309,917 -$1,041,325 Avon $387,171 $617, % $311,289 -$306,650 Barkhamsted $1,677,996 $1,420, % $1,349,124 -$71,330 Beacon Falls $3,797,791 $3,536, % $3,053,458 -$483,506 Berlin $5,888,147 $5,358, % $4,734,123 -$624,851 Bethany $1,551,860 $1,741, % $1,247,709 -$493,473 Bethel $7,924,373 $7,006, % $6,371,267 -$635,382 Bethlehem $764,509 $1,107, % $614,672 -$493,048 Bloomfield $8,179,816 $6,070, % $6,576,645 $505,785 Bolton $2,468,903 $2,595, % $1,985,020 -$610,622 Bozrah $1,326,344 $1,065, % $1,066,392 $1,164 Branford $4,492,948 $1,847, % $3,612,370 $1,764,419 Bridgeport $209,223,905 $180,855, % $168,217,885 -$12,637,505 Bridgewater $26,261 $19, % $21,114 $1,312 Bristol $56,169,465 $44,603, % $45,160,751 $557,075 Brookfield $323,982 $1,224, % $260,484 -$964,280 Brooklyn $7,232,431 $6,049, % $5,814,939 -$234,473 Burlington $3,547,376 $3,792, % $2,852,122 -$940,790 Canaan $66,252 $154, % $53,267 -$101,000 Canterbury $3,117,723 $4,051, % $2,506,677 -$1,544,977 Canton $3,349,266 $2,939, % $2,692,840 -$246,595 Chaplin $1,408,386 $1,614, % $1,132,355 -$481,860 Cheshire $8,970,388 $8,185, % $7,212,272 -$972,916 Chester $1,178,580 $572, % $947,589 $375,409 Clinton $3,936,935 $5,484, % $3,165,331 -$2,318,956 Colchester $10,387,653 $11,725, % $8,351,766 -$3,373,798 Colebrook $354,324 $427, % $284,880 -$142,873 Columbia $2,040,605 $2,193, % $1,640,665 -$552,600 Cornwall $15,361 $2, % $12,350 $10,066 Coventry $6,710,650 $7,601, % $5,395,422 -$2,206,284

6 Regular Meeting -January 24, 2018 Page 6 Cromwell $6,629,647 $4,017, % $5,330,295 $1,312,433 Danbury $55,029,870 $31,073, % $44,244,506 $13,171,412 Darien $556,798 $343, % $447,671 $104,382 Deep River $1,821,045 $1,451, % $1,464,136 $12,549 Derby $12,630,035 $7,857, % $10,154,661 $2,297,300 Durham $2,019,767 $3,387, % $1,623,911 -$1,763,930 Eastford $762,172 $950, % $612,793 -$337,689 East Granby $1,891,576 $1,241, % $1,520,844 $279,421 East Haddam $3,311,983 $3,203, % $2,662,864 -$540,169 East Hampton $6,008,550 $6,547, % $4,830,928 -$1,716,527 East Hartford $67,679,125 $48,825, % $54,414,620 $5,589,464 East Haven $22,390,255 $19,466, % $18,001,965 -$1,464,365 East Lyme $5,478,762 $5,975, % $4,404,973 -$1,570,976 Easton $170,070 $154, % $136,738 -$18,130 East Windsor $5,669,122 $5,627, % $4,558,025 -$1,069,383 Ellington $10,130,157 $8,406, % $8,144,737 -$262,113 Enfield $32,721,098 $24,811, % $26,308,055 $1,496,244 Essex $112,459 $83, % $90,418 $6,847 Fairfield $1,194,731 $903, % $960,574 $56,746 Farmington $479,117 $887, % $385,214 -$502,043 Franklin $569,354 $798, % $457,766 -$340,959 Glastonbury $4,895,986 $5,723, % $3,936,416 -$1,786,893 Goshen $78,247 $71, % $62,911 -$8,492 Granby $5,356,896 $4,787, % $4,306,992 -$480,160 Greenwich $1,065,894 $32, % $856,988 $824,220 Griswold $11,665,749 $9,348, % $9,379,366 $30,878 Groton $25,040,045 $24,898, % $20,132,419 -$4,765,677 Guilford $407,282 $2,349, % $327,458 -$2,021,551 Haddam $2,505,769 $1,710, % $2,014,661 $304,264 Hamden $38,418,836 $26,790, % $30,889,087 $4,098,937 Hampton $896,061 $1,142, % $720,441 -$421,988 Hartford $242,314,258 $200,268, % $194,822,824 -$5,445,420 Hartland $745,232 $1,155, % $599,173 -$556,223 Harwinton $2,080,208 $2,354, % $1,672,506 -$681,846 Hebron $5,200,810 $5,978, % $4,181,498 -$1,796,592 Kent $36,926 $13, % $29,689 $16,503 Killingly $15,574,402 $15,495, % $12,521,958 -$2,973,218 Killingworth $941,422 $1,885, % $756,912 -$1,128,855 Lebanon $3,559,477 $4,706, % $2,861,851 -$1,844,767 Ledyard $10,584,460 $10,418, % $8,510,000 -$1,908,444 Lisbon $2,038,084 $3,061, % $1,638,638 -$1,422,471 Litchfield $1,043,816 $1,236, % $839,237 -$397,689

7 Regular Meeting -January 24, 2018 Page 7 Lyme $61,726 $54, % $49,628 -$4,949 Madison $344,234 $370, % $276,767 -$94,110 Manchester $45,977,436 $34,190, % $36,966,268 $2,775,844 Mansfield $9,142,317 $8,623, % $7,350,504 -$1,273,213 Marlborough $2,409,112 $2,740, % $1,936,948 -$803,787 Meriden $77,378,348 $60,008, % $62,212,882 $2,204,487 Middlebury $744,827 $729, % $598,848 -$130,329 Middlefield $1,684,969 $1,822, % $1,354,730 -$467,707 Middletown $29,269,610 $19,286, % $23,533,027 $4,246,053 Milford $7,671,897 $9,324, % $6,168,274 -$3,155,736 Monroe $3,466,321 $5,555, % $2,786,953 -$2,768,803 Montville $13,933,854 $10,936, % $11,202,943 $266,567 Morris $81,253 $84, % $65,328 -$19,174 Naugatuck $36,248,294 $30,196, % $29,143,952 -$1,052,163 New Britain $123,670,492 $85,945, % $99,432,178 $13,486,909 New Canaan $496,982 $282, % $399,578 $117,302 New Fairfield $2,647,402 $3,776, % $2,128,535 -$1,647,677 New Hartford $2,925,560 $2,710, % $2,352,176 -$357,838 New Haven $178,530,780 $154,051, % $143,540,339 -$10,511,638 Newington $15,876,373 $11,225, % $12,764,745 $1,538,813 New London $36,895,447 $25,619, % $29,664,268 $4,044,285 New Milford $10,560,732 $10,243, % $8,490,923 -$1,752,621 Newtown $4,343,494 $4,243, % $3,492,208 -$751,388 Norfolk $27,487 $18, % $22,100 $3,906 North Branford $6,213,502 $7,011, % $4,995,711 -$2,016,019 North Canaan $1,568,313 $1,757, % $1,260,938 -$496,839 North Haven $5,219,468 $3,285, % $4,196,499 $911,035 North $2,162,203 Stonington $2,463, % $1,738,430 -$725,380 Norwalk $15,826,545 $11,050, % $12,724,683 $1,673,690 Norwich $48,451,653 $35,959, % $38,955,561 $2,995,897 Old Lyme $229,590 $205, % $184,592 -$20,855 Old Saybrook $159,655 $98, % $128,364 $30,062 Orange $319,919 $1,298, % $257,218 -$1,041,595 Oxford $2,459,754 $3,937, % $1,977,664 -$1,960,053 Plainfield $15,010,335 $13,331, % $12,068,443 -$1,263,187 Plainville $12,724,074 $8,893, % $10,230,269 $1,336,507 Plymouth $10,371,826 $8,471, % $8,339,041 -$132,389 Pomfret $2,247,549 $2,668, % $1,807,049 -$861,659 Portland $5,211,916 $3,779, % $4,190,427 $410,815 Preston $2,958,978 $2,613, % $2,379,045 -$234,837 Prospect $4,217,468 $4,606, % $3,390,882 -$1,215,323

8 Regular Meeting-January 24, 2018 Page 8 Putnam $8,340,282 $8,283, % $6,705,661 -$1,578,115 Redding $183,011 $156, % $147,142 -$9,086 Ridgefield $576,777 $480, % $463,734 -$16,849 Rocky Hill $7,579,184 $3,678, % $6,093,732 $2,415,449 Roxbury $48,064 $26, % $38,644 $11,777 Salem $1,880,084 $2,654, % $1,511,604 -$1,142,685 Salisbury $43,863 $6, % $35,266 $28,399 Scotland $1,064,432 $1,238, % $855,813 -$382,909 Seymour $10,998,669 $8,695, % $8,843,028 $147,577 Sharon $28,494 $6, % $22,909 $16,141 Shelton $8,529,080 $5,064, % $6,857,456 $1,792,608 Sherman $56,229 $40, % $45,209 $4,936 Simsbury $6,922,387 $5,269, % $5,565,661 $295,754 Somers $5,559,997 $5,142, % $4,470,287 -$671,900 Southbury $5,576,059 $2,991, % $4,483,201 $1,491,634 Southington $23,247,577 $17,540, % $18,691,259 $1,150,452 South Windsor $10,336,859 $11,123, % $8,310,927 -$2,812,299 Sprague $3,291,351 $2,269, % $2,646,276 $376,705 Stafford $9,543,967 $8,486, % $7,673,435 -$812,819 Stamford $21,427,902 $10,553, % $17,228,224 $6,674,465 Sterling $3,546,063 $2,780, % $2,851,066 $70,106 Stonington $265,901 $1,378, % $213,787 -$1,165,055 Stratford $32,216,912 $18,567, % $25,902,685 $7,335,162 Suffield $6,793,596 $5,393, % $5,462,112 $68,520 Thomaston $5,202,720 $4,875, % $4,183,033 -$692,252 Thompson $7,534,704 $7,521, % $6,057,969 -$1,463,342 Tolland $7,218,299 $9,298, % $5,803,577 -$3,494,924 Torrington $33,332,924 $24,335, % $26,799,968 $2,464,820 Trumbull $782,295 $2,936, % $628,972 -$2,307,909 Union $231,943 $206, % $186,484 -$19,899 Vernon $23,192,122 $19,099, % $18,646,673 -$452,707 Voluntown $1,779,102 $2,174, % $1,430,414 -$744,277 Wallingford $19,988,212 $18,460, % $16,070,701 -$2,390,046 Warren $34,572 $28, % $27,796 -$877 Washington $65,701 $42, % $52,824 $10,485 Waterbury $195,663,723 $133,356, % $157,315,378 $23,959,312 Waterford $359,301 $251, % $288,881 $36,978 Watertown $11,946,400 $10,185, % $9,605,012 -$580,319 Westbrook $94,888 $36, % $76,291 $39,810 West Hartford $25,650,512 $18,110, % $20,623,240 $2,512,424 West Haven $60,450,294 $44,894, % $48,602,575 $3,707,704 Weston $271,996 $229, % $218,687 -$10,630

9 Regular Meeting January 24, 2018 Page 9 Westport $656,019 $384, % $527,445 $143,005 Wethersfield $15,610,900 $8,013, % $12,551,303 $4,537,568 Willington $3,153,312 $3,156, % $2,535,291 -$621,005 Wilton $472,888 $387, % $380,206 -$7,358 Winchester $8,024,957 $7,963, % $6,452,137 -$1,511,102 Windham $36,527,871 $26,404, % $29,368,734 $2,964,028 Windsor $12,130,392 $12,093, % $9,752,943 -$2,340,330 Windsor Locks $5,825,563 $5,140, % $4,683,805 -$456,271 Wolcott $10,635,042 $11,645, % $8,550,669 -$3,094,794 Woodbridge $205,270 $569, % $165,039 -$404,314 Woodbury $2,209,917 $1,095, % $1,776,793 $681,784 Woodstock $4,846,595 $4,657, % $3,896,706 -$760,526 TOTAL $2,397,942,560 $1,927,967, % $1,927,967,199 $0