HomeMy WebLinkAboutBudget/Finance Committee Minutes 04.29.19930
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MINUTES
BUDGET/FINANCE COMMITTEE
APRIL 29, 1993 6:30 P.M.
CITY HALL
MEMBERS PRESENT: Chairman- Donna Kilpatrick
Ron Marshall Norman Orr
Bob Gauthier Chuck Rodgers
Don Hackmann Bob Graham
OTHERS PRESENT: Vicki Metzger
The Committee reviewed the following 1993-94 preliminary budgets:
General Fund Revenue and Mill Levy
Treasurer
SIDS
Light District #2
Light District #3
FAP Bonds
Storm Sewer Bonds
PERS, Comp. Ins., Police Ins., Health Ins.,
Mill Levies
Mayor
Council
The Committee recommended to leave the Light District #2 and #3
assessment the same as last year.
It appears that by assessing three mills in 1993 and 1994 there
should be sufficient funds to pay off the FAP Bonds and interest by
June of 1995. No assessment will be required in 1995.
The assessment for Storm Sewer Bonds and interest should remain at
approximately 14 mills for the years 1993 through 1998. Final
payment is due in June of 1999.
The Committee recommended to leave the total mill levy at 115
mills, as follows:
General All Purpose 65
PERS 6
Comprehensive Insurance 10
Policeman's Insurance 2
Employee Health Insurance 11
Airport Authority 2
Fireman's Relief 2
FAP Bonds and Interest 3
Storm Sewer Bonds & Interest 14
115
The meeting was adjourned at 8:00 p.m.
Respectfully submitted,
Don Hackmann
City Clerk