Town of Milford

The meeting included the approval of the August 2025 Treasurer's Report. The board discussed and signed payroll and cash disbursement warrants. The board was informed about the PERAC Actuarial Valuation and voted to maintain the 7.25% investment return. An option to invest in the 2026 PRIT Private Equity Vintage was tabled. The administrator's report included information on new entrants, refunds, transfers, buybacks, make ups, and deaths.

The committee discussed the High School Project, which was moved to the September meeting agenda. A key discussion was around the Godfrey Brook Project, including its history, funding, and a request for additional funds to cover increased costs due to project delays and market changes. The committee also addressed nominations for Chairman, Vice Chair, and Executive Committee positions for the upcoming year. Future discussion items included documentation from the School Committee, funding for the 4th of July Parade, and a report on the status of the MWRTA bus.

The committee reviewed retiree medical rates from Blue Cross and an alternate pharmacy benefit manager proposal from Benistar, which could save the town and subscribers approximately $173,000. They also discussed proposed changes to retiree rules and regulations, including enrollment policies and ex-spouse coverage, but tabled these items for a future meeting. Additionally, an update was provided on the completed dependent audit, which was successful in identifying and resolving discrepancies.

The meeting addressed several key areas, including financial matters such as the fund balance and the signing of warrants for various expenses. Updates were provided on the security audit, and discussions were held regarding the front desk position, including funding and hours. The Director's report covered the After-School Program, building project updates, capital planning, and donation/grant updates, including the YouthWorks program. Other events and programs were discussed, such as the Summer Camp, Nutriforia Nutrition Fundraiser, and the Fall Appreciation Event. The commission also discussed current and future rentals and MYC programs.

The meeting addressed several key areas, including a review of the fund balance, which was noted to be $154,385.28 as of August 7, 2025, with anticipated reductions due to summer camp field trips and busing costs. The commission approved the signing of multiple warrants related to various expenses such as field trips, tank maintenance, water jugs, and reimbursements. Updates were provided on the security audit, with the MYC awaiting camera quotes and discussing access policies. The front desk position remains under contract negotiations. Building and project updates included the completion of gym lights, progress on post-renovation projects, and a hold on state funding earmarks for pedestrian crosswalk signage. The RailTrail fundraiser raised $8,000 for basement floor turf, and quotes for the turf work were reviewed. Summer Camp's success was highlighted, and details for the Open House and Back to School Event were discussed. The Fall Appreciation Event was also planned. Current and future rentals and MYC programs were reviewed, and an upcoming meeting was scheduled for September 8th, with a suggestion to discuss roles and responsibilities to improve communication.