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HomeMy WebLinkAboutBudget/Finance Committee Minutes 02.25.2025Minutes of City of Laurel Budget/Finance Committee Tuesday, February 25, 2025 Members' Present: Richard Klose, Heidi Sparks, Michelle Mize Others Present: Kelly Strecker, Mayor Dave Waggoner, Kelly Gauslow The meeting was called to order by the Committee Chair at 5:40 pm. Public Input: There was no public comment. General Items — 1. Review and approve February 11, 2025, Budget and Finance Committee meeting minutes. Michelle Mize moved to approve the minutes of February 11, 2025. Heidi Sparks seconded the motion. With no objection, the minutes of February 11, 2025, were approved. There was no public comment. 2. Review and approve purchase requisitions. 3. Review and recommend approval to Council; claims entered through February 21, 2025. Michelle Mize moved to approve the claims and check the register for claims entered through February 21, 2025. Heidi Sparks seconded the motion. With no objection, the claims and check register of February 21, 2025, were approved. There was no public comment. 4. Review and approve Payroll Register for the pay period ending February 16, 2025, totaling $255,231.46. Heidi Sparks motioned to approve the payroll register for the pay period ending February 16, 2025, totaling $255,231.46. Michelle Mize seconded the motion. With no objection, the payroll register for February 16, 2025, was approved. There was no public comment. New Business None Old Business — None Other Items — 1. Review Comp/OT reports for the pay period ending February 16, 2025. 2. Mayor Update — The mayor did not have any updates. 3. Clerk/Treasurer Financial Update -Kelly stated that the last couple of weeks have been uneventful, just catching up on some filing but nothing out of the ordinary happened over the last couple of weeks. Kelly did say that Yellowstone Bank called her today, to let her know that the interest rate on the savings account was going to go from 4.59% to 4.3% which is the same interest rate as STIR Announcements — 1. The next Budget and Finance Committee meeting will be held on March 11, 2025, at 5:30 pm. 2. Richard Klose is scheduled to review the claims for the next meeting. Meeting Adjourned at 6:00 p.m. Resmectfully submitted, Ll�� K y S c er Clerk reasurer NOTE: This meeting is open to the public. This meeting is for information and discussion of the Council for the listed workshop agenda items.