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Tuesday, September 26, 2017
8:30 am to 3:15 pm
Event Location: 
Capitol Plaza
100 State Street
05602 Montpelier , VT
Cost: 
$60.00 PACIF Members; $90.00 VLCT Members; Add $10 after September 19th registration deadline
Registration Deadline: 
Tuesday, September 19, 2017

This workshop is designed for municipal officials who are involved in the municipal budgeting process and in the preparation of budget-related articles for the town meeting warning. Selectboard members, town managers, town administrators, treasurers and finance directors are urged to attend. Workshop presentations will include statutory requirements and best practices for each topic. Attendees will be provided with practical tools to help apply these concepts in preparation for Town Meeting Day.

 

Agenda

8:30 Registration Opens (light breakfast provided)
9:00 Welcome and Overview

Abby Friedman, Director, VLCT Municipal Assistance Center

9:05 Municipal Budgeting and Finance: Legal Requirements and Best Practices

This introductory session will address budgeting and financial management challenges that municipalities face The speakers will explain legal requirements and offer best practice suggestions for budget preparation and budgeting policies. We will also discuss the legal parameters for presenting and approving the municipal budget, municipal budget management during the fiscal year, the creation and use of reserve funds, and the use of budget surpluses and deficits.

Sarah Jarvis, Staff Attorney II, VLCT Municipal Assistance Center

William Hall, Senior Financial Consultant, VLCT Municipal Assistance Center

10:30 Break
10:45 Voter Authorization to Spend or Borrow – Town Meeting Articles

The expenditure of public funds nearly always requires specific voter approval. As such, town meeting articles must be clearly and carefully crafted so that they provide sufficient authority to spend those funds. Our speakers for this session will examine the legal process and wording of the most common budget-related and borrowing town meeting articles. Sample articles for general and highway funds, social service appropriations, reserve funds, and municipal borrowing and bonding will also be provided.

Sarah Jarvis, Staff Attorney II, VLCT Municipal Assistance Center

Carl Andeer, Staff Attorney I, VLCT Municipal Assistance Center

11:45 Discussion of Morning Sessions

Session speakers will be available at this time to answer questions from attendees.

12:00 Lunch (provided)
1:00 Municipal Bonding

In this session, we will summarize the legal and procedural requirements for municipal bonding, the bond authorization procedure, and the role of bond counsel.

Paul Giuliani, Esq., Primmer Piper Eggleston & Kramer PC

 

2:00 Break
2:15 The Vermont Municipal Bond Bank: A Resource for Municipalities

The Vermont Municipal Bond Bank provides municipalities with access to low-cost municipal bond proceeds. In this session, we will review the VMBB’s lending services, financial planning assistance, and the processes for loan application and repayment.

Robert W. Giroux, Executive Director, Vermont Municipal Bond Bank

3:15 Conclusion and Evaluations Completed