HomeMy WebLinkAboutBudget/Finance Committee Minutes 06.05.1990•
M I N U T E S
BUDGET/FINANCE COMMITTEE
Date June 5, 1990 Time 4:30 p.m.
Place of Meeting
MEMBERS PRESENT: Chairman
Bob Gauthier
Norman Orr
OTHER'S PRESENT:
. D.L. McGillen
Citv Hall
Donna Kilpatrick
Don Hackmann
Bruce Teeters
Dave Michael
A quorum (3 or more) present, the following action was taken
by the Committee:
The Committee reviewed the claims for May and recommended
that they be paid.
Reviewed and approved several new vendors.
The Committee discussed a special council meeting on Monday,
July 9th at 5:30 p.m. to approve the claims for June. Since
June 30th is the end of the fiscal year all of the invoices
won't be received by the July 3rd council meeting.
Discussion regarding MMIA selling bonds for the Worker's
Comp. program. At the present time they are paying a $350,000
annual premium for an excess insurance policy to cover
catastrophic losses. By selling bonds and building a reserve
for this purpose will be less costly for the program in the
long run. In order to get a large enough taxable valuation to
finance the bond issue, they are proposing that the 20 largest
cities originate the issue and then the other communities will
participate and assume their share of the liability at a later
date. It would be next to impossible to get all of the paper
work for all 86 communities completed by July 24th.
Approve purchase requisitions as follows:
General Fund
20,000 swim tickets (books of 20) $ 382.50
2,500 name plates for equipment and
inventory items 375.00
• Install 3 ceiling fans- top of stairs
and council chambers 200.00
1 set fiberglass fenders for fire truck 200.00
1- 6" X 4" intake relief valve-Fire Dept. 990.00
Fire Dept. hose test 600.00
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General Fund (cont.)
Toro 5 HP lawn mower for Parks
$ 382.00
30" electric stove and stainless
sink for concession stand 200.00
Metal toilet, partitions and hardware
for concession stand 10,602.00
FAP Complex- dispatch reconstruction 8,632.00
Sidewalk replacement 792.00
Patching supplies for swimming pool 266.00
24 folding chairs for Library 305.76
Repair deck on Ford lawn mower at
Cemetery 341.00
Capital Projects Fund
Block work, Bathrooms and concession
stand 4,285.00
Framing work on bathroom/concession
stand 6,537.00
Plumbing in bathrooms at Thomson
Park 1,960.00
3 doorlock sets for bathrooms/
concession stand 231.00
49 Water Fund
Plumbing supplies 1,198.00
Liquid alum and equipment 1,222.00
Steering valve for W-2 306.00
Replace electric line to intake pier 440.00
Rubber hose for chlorine 272.00
Sewer Fund
Fireye boiler control 477.00
Sprocket for grit buckets 1,510.00
Square "D" processor card 1,176.00
Garbaae Fund
4 tarps for rolloff containers 308.00
Hydraulic cylinders and arm pads 405.00
Railroad ties for transfer site 762.00
The meeting was adjourned at 5:22 p.m.
Respectfully submitted,
•
Don Hackmann, City Clerk