Summary

Ledyard Finance Committee — Meeting Minutes (October 15, 2025)

LedyardOct 15, 20254 min read

At a glance

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Committee met in hybrid format; approved minutes; heard Finance Director’s pre-audit projections and audit status; recommended Town Council actions on a foam-removal grant application (fire apparatus), a standing bid waiver addition (Freightliner/Alliance), and an $8,000 neglected cemetery grant appropriation; discussed but did not approve appropriating $157,133 in Impact Aid to the BOE CNR and requested a prioritized BOE project list; agreed to continue quarterly joint finance meetings with the Board of Education.

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Finance Committee

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TransportationBudget & TaxPublic SafetyEducationEnvironmentalUtilities

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Key decisions

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Amended the agenda to change New Business Item #3 from a motion to a discussion (approved 2-0).
Approved the Finance Committee minutes of September 17, 2025.
Recommended the Town Council authorize submission of a State grant application to remove/clean legacy firefighting foam from Gales Ferry Engine 21 (friendly amendment removed the dollar amount); Chief Erhart to obtain three quotes and return before funding is authorized.
Recommended the Town Council amend the FY 2025/2026 Standing Bid Waiver List to include Freightliner/Alliance (East Hartford); request to include Groton Utilities for emergency water repairs was removed pending WPCA clarification.
Discussed (not approved) appropriation/transfer of $157,133 in Impact Aid revenue to the BOE CNR Reserve Fund; requested the Board of Education submit a prioritized project list for use of these funds.
Recommended appropriation of $8,000 to Account #20810201-50000-24207 (Cemetery Committee - Neglected Cemetery grant) to recognize the award and permit expenditure (funds to be spent by May 18, 2026).
Finance Director reported the FY 2024/25 annual audit is underway and presented pre-audit projections (General Government projected surplus ~ $200,000; BOE projected operating surplus ~ $213,000; Agri-Science revenue overage $250,636; Impact Aid overage $157,133).
Agreed to recommend incoming committee members continue quarterly Joint Finance Committee meetings with the Board of Education and to schedule a joint meeting in early December 2025.

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Meeting information

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Finance Committee

Oct 15, 2025, 12:00 AMTown Hall Annex Building - Hybrid Formatscheduled

Regular Meeting

Agenda

In -Person: Council Chambers, Town Hall Annex Building Remote Participation: Information Noted Below:
Join Zoom Meeting from your Computer, Smart Phone or Tablet: https://us06web.zoom.us/j/87505139543?pwd=2GqtIHF7bFDtuebLCib7Lnd9atzFpK.1 by Audio only: Telephone: +1 646 558 8656; Meeting ID: 875 0513 9543; Passcode: 482120
CALL TO ORDER
ROLL CALL
RESIDENTS & PROPERTY OWNERS COMMENTS
PRESENTATIONS / INFORMATIONAL ITEMS
APPROVAL OF MINUTES
MOTION to approve the Finance Committee Regular Meeting Minutes of September 17, 2025.
Finance Director’s Report - Fiscal Year 2025-2026
Financial Reports - Fiscal Year 2025-2026
OLD BUSINESS
Discussion regarding potential uses for the funding received from the National Opioid Settlement Payments.
Continued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.
Continued discussion regarding upcoming potential Grant Opportunities.
Discussion scheduling Regular Quarterly Joint Finance Committee Meetings between the Town Council and Board of Education.
Any Old Business proper to come before the Committee.
NEW BUSINESS
MOTION to authorize the expenditure of $4,645 for the purpose of removing firefighting foam and cleaning the foam system on Gales Ferry Engine 21.
MOTION to amend the Fiscal Year 2025/2026 Standing Bid Waiver List to include the following: · Freightliner/Alliance in East Hartford.
MOTION to appropriate and transfer $157,133 from Account #10188210-59300 (Transferred Funds) to Account #22570101-58250 (BOE CNR Reserve Fund); In addition, appropriate $157,133 to Account #225670101-58250 (BOE CNR Reserve Fund) ..end.
MOTION to appropriate $8,000 to Account #20810201-50000-24207 (Cemetery Committee - Grant Expense) to recognize the grant awarded by the State of Connecticut Office of Policy and Management entitled “Neglected Cemetery Account Grant Program”.
Any New Business proper to come before the Committee
ADJOURNMENT
DISCLAIMER: Although we try to be timely and accurate these are not official records of the Town.
Agenda Item
Agenda Item

Ledyard Finance Committee — Meeting Minutes (October 15, 2025)

At a glance

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Finance Committee

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