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Finance Director at City of New London
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The committee reviewed the 2020 budgets for the Debt Service account, the Environmental Remediation TD Fund, the General Fund, the Wheel Tax Fund, and the Sewer Fund. The committee recommended approval of the 2020 budget and the resolution to authorize borrowing to the City Council. Additionally, a recommendation was made for the City Council to approve the resolution for the repair of two railroad crossings at grade.
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The committee reviewed the 2016 budgets for the Debt Service Fund, General Fund, Tax Increment Finance Fund, and Sewerage Fund. Following a detailed page-by-page review of the budget documents with no changes proposed, the committee officially adopted these fund budgets and established the total mill levy at $8.65 mills.
The committee reviewed and recommended the renewal of an IT support contract covering a three-year period. The 2025 Year End Audit was formally presented and accepted. Additionally, the committee recommended the approval of a significant funding resolution for upgrades to the Waste Water Treatment Plant. Other business included an evaluation of TID Annual Reports, as well as a review of finance reports and the Finance Director's department report.
The meeting included the review and approval of the statement of accounts, including bills paid for April 2026 across various funds. The Board approved Resolution #157-05262026 regarding the 2026 utility allowances analysis for the Section 8 Housing Choice voucher program. The Management Agent provided an update on occupancy rates at Franklin Park Apartments and the status of Section 8 vouchers.
Extracted from official board minutes, strategic plans, and video transcripts.
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