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HomeMy WebLinkAboutBudget/Finance Committee Minutes 05.09.2000 MINUTES BUDGET/FINANCE COMMITTEE MAY 9, 2000 7:00 P.M. DPW OFFICE MEMBERS PRESENT: Chairman Bud Johnson Gay Easton Chuck Rodgers Ken Olson OTHERS PRESENT: Mark Mace Jan Faught Vince Ricci Mary Embleton Jim Stevens Butch Ripley The comnfittee reviewed and discussed the following preliminary budgets: Ambulance: lan Faught presented the budget and proposed increasing the on-call pay from $2.00/hour to $2.50/hour. She also proposed that the city make the Ambulance Director position a full-time position at $24,000/year with benefits. Overall, the expenditures increased by $46,075 from last year. Jan was approached by a local citizen who is interested in purchasing Lord's Video store, remodeling it for the ambulance, and then leasing it back to the city for five years. No dollar figures were available. The LVA will be inspected by the CIT Company who is offering a free computer. However, the current space occupied by the ambulance will not qualify, so Jan is asking the committee and council for direction. Fire Department: Jim Stevens presented the budget and reported that the fire district contracts are being finalized with a 2% increase for 2000-2001, 3% for 2001-2002, and 5% for 2002-2003. The pros and cons regarding payment of call-out pay were discussed at length i.e. paying individuals through payroll with deductions versus lump sum payment as a purchased service called "fire runs." The matter will be researched further. Capital outlay requests included a tank and pump for the new water tender truck, new hose, a new computer, and a new fire engine. Fire Relief Association: Vince Ricci and Butch Ripley reviewed the 1999 Annual Report figures with the committee. There was a $15,000 shortfall of revenues versus expenditures. The Association needs to have an actuarial done since the last one was in 1992, and there will be four or five new retirees in the near future. Discussion followed regarding the new statute that allows the city to levy mills if the Association's June 30, 2000 cash balance is between 4 and 10% of the taxable value of the city, if authorized by the voters. At present, the Association's fund contains more than 4% of the taxable value. More research will be done. The meeting adjourned at 8:45 p.m. The next budget work session will be Thursday, May 18th, at 7:00 p.m. The next regular Budget/Finance meeting will be Monday, May 15th, at 5:30 p.m. Respectfully submitted, Mary KfEmbleton Clerk-Treasurer