HomeMy WebLinkAbout05/10/1976 TOWN OF NEWCASTLE
Finance Committee May 10 1976
Minutes of a meeting of the Finance Committee
held in the Committee Room of the Bowmanville
Town Hall on Monday, May 10, 1976 at 9 a.m.
Roll Present were: Councillor K. E. Lyall, Chairman
Call Councillor Kirk Entwisle, Member
Councillor I. M. Hobbs, Member
Mayor G. B. Rickard, Member
Councillor H. B. Tink, Member
Councillor D. W. Allin, Member (until 11 a.m. )
Cosncillor Ann Cowman, Member at 9:30 a.m.
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Resolution #F-217-76
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Moved by Con. Hobbs, seconded by Con. Entwisle
Adoption THAT the minutes of meeting of April 26, 1976 be adopted.
of
Minutes "CARRIED"
1975 Mr. A. Murray of the Auditing Firm of Deloitte Haskins and
Financial Sells was present to discuss the 1975 Financial Statement.
Statement
Resolution 0-218-76
Moved by Mayor Rickard, seconded by Con. Tink
Water and THAT the following recommendation of the Treasurer regarding
Sewage Disposition of Water and Sewage surpluses and deficits, be
Deficits adopted:
and
Surpluses THAT the Region return the money paid, namely $298,463,plus
bank interest; recover all deficits both for water and sewer
by means of a surcharge on the water bill; apply any surpluses
and/or reserves both for water and newer to reduce the costs.
"CARRIED"
Resolution 0-219-76
Moved by Mayor Rickard, seconded by Con. Cowman
Recess THAT there be a 5 minute recess.
"CARRIED"
Finance Committee - 2 - May 10, 1976
Mr. Rick McLellan, Frank Cowan. Co. Ltd. , was present regarding
an Insurance Matter.
Resolution #F-220-76
Moved by Mayor Rickard, seconded by Con. Cowman
Councillor's THAT Frank Cowan Co. Ltd. be authorized to re-issue General
Accident Accident Councillors' Accident Policy #67F-1925 and General
and Firemen's Accident Firemen's Accident Policy #67F-1926 effective May 6,
Accident 1976.
Policy
"CARRIED"
Resolution #F-221-76
Moved by Con. Entwisle, seconded by Con. Lyall
Insurance THAT the Insurance business be placed with the Company which
democratically bid on the business.
"MOTION LOST"
Resolution #F-222-76
THAT Mr. Hartley be asked to come to the next meeting of the
Finance Committee and be accomnanied_by a representative from
Tomlinson, Saunders Insurance Co.
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"CARRIED"
Resolution #F-223-76
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Moved by Mayor Rickard, seconded by Con. Cowman
THAT Frank Cowan Co. be asked to submit a comprehensive package
of insurance for the Town which they feel the municipality
requires and name their local agent.
Recorded Vote "MOTION LOST"
Tink - yes Hobbs -- no
Cowman - yes Entwisle - no
Rickard - yes Lyall - no
Resolution. #F-224-76
Moved by Con. Entwisle, secondedbby Con. Tink
Adjournment. THAT the meeting adjourn at 12:10 p.m. to convene following
the Committee of the Whole meeting.
"CARRIED"