Notes from the Finance Committee

September 30, Hybrid

Present:

• Jay Bikofsky, Chair
• Pam Boudreau
• Steve Shatz
• Bill Vogt
• Jim Balfanz
• Neil Holden
• Also present Michael Canales, Town Administrator
• Patrick White, SB
• Cheryl Allen, Town Accountant
• Ericka Oleson, Town Treasurer

1. Minutes approved
2. Reserve Fund transfers listed and approved
3. Banking relations — Town does business with several banks.
   1. Oleson monitors and reviews quarterly to assure best services, best interest, and best practices.
   2. Oleson reviews for bank health, safety and convenience, interest rate and low fees, user friendliness, and how funds are insured
   3. Canales added that Town has relations/accounts with "so many" banks for many reasons including obtaining loans — some banks require or give priority to account holders.

   Meeting adjourned

    

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   Photo: Jay Rhind.