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HomeMy WebLinkAboutBudget/Finance Committee Minutes 01.18.1994 . MINUTES BUDGET/FINANCE COMMITTEE JANUARY 18, 1994 4:30 P.M. CITY HALL MEMBERS PRESENT: OTHERS PRESENT: Chairman- Donna Ron Marshall Bob Graham Dave Michael Kilpatrick Don Hackmann Gay Easton Don presented the 1994-95 budget calendar. Discussion regarding cash transfers to Capital Project Fund. 5 Motion by Bob Graham, seconded by Ron Marshall, to transfer Xdr $25,000 from the State Gas Tax Fund to Capital Project Fund- Street NO Equipment. Motion carried. lie `e r State law permits third class cities to expend up to 256 of their annual allotment to purchase capital equipment to be used for maintenance and repair of streets and alleys. • Motion by Bob Graham, seconded by Ron Marshall, to transfer $15,000 of the tax revenue collected in the General Fund to Capital Project Fund- Computer. Motion carried. The intent of this is to purchase new computer equipment for the Police Department. Motion by Bob Graham, seconded by Ron Marshall, to transfer 1 $10,000 of Fire Department Contract Revenue. Discussed needed repairs to the swimming pool. This will be a major project with very limited funds available. Funding for repair, or possibly a new pool, was discussed. Possibly a fund drive could be held or a G.O. Bond issue, if approved by the voters. Another Avenue looked at was the possibility of the school district incorporating a new pool into their building plans, with the City sharing in part of the cost. Purchase requisitions were approved as follows: GENERAL FUND 10 cases of computer paper $ 372.50 Administrative rules of Montana 250.00 One set of Montana Code Books for the City Attorney 278.00 Senior Helping Hands Program 400.00 Laurel Senior Citizen's Center 300.00 0 The meeting was adjourned at 4:57 p.m. Respectfully submitted, Don Hackmann City Clerk • F, r -I L J