HomeMy WebLinkAboutBudget/Finance Committee Minutes 08.06.2013 MINUTES
BUDGET/FINANCE COMMITTEE
AUGUST 6, 2013 5:30 P.M.
COUNCIL CONFERENCE ROOM
MEMBERS PRESENT: Doug Poehls Tom Nelson
Emelie Eaton
OTHERS PRESENT: Shirley Ewan Mayor Ken Olson
Co- chairman Poehls called the regular meeting of the Budget/Finance Committee to order at 5:30 p.m. There was
no public in attendance.
The minutes of the July 16, 2013 meeting were presented and approved via motion by Emelie, seconded by Tom,
and passed unanimously.
Emelie made a motion to approve the claims in the amount of $546,028.75 for Council consent. Shirley explained
the claims were high again this month due to end of last fiscal year being paid, as well as July's claims. There were
also debt service payments made.. Tom seconded the motion, all in favor, motion passed.
There were no purchase requisitions presented to the Committee.
The Comp /OT reports for PPE 7/21/13 were reviewed by the Committee. There were no questions.
The Payroll Register for PPE 7/21/13 totaling $189,882.45 was reviewed by the Committee. Motion was made
by Tom, seconded by Emelie, to recommend council approval of the payroll register. Motion passed.
Clerk/Treasurer Comments:
Shirley let the Committee know that the mill values have been received from the State. The floating mills have
gone down by .31 mills, but the single mill value has gone up by $257. This equates to around $42,500 additional
revenue per year. The floating mill has decreased due to fewer new properties and the TIFD. The date of August
5 starts the 45 days in which the budget has to be approved by the Council.
Mayor's Comments:
The Mayor discussed the LURA and TIFD and what he would like to see happen with the fund. He would like to
see the group hire a economic development contractor to help LURA decide where the TIFD should spend the
TIFD funds and how to develop the district. The purpose of a contracted person would be to relieve some of the
pressure on City staff and to get some projects done. The Mayor has requested a job description from EBURD as
they have done the same thing. The hiring of a responsible contractor would be a worthwhile investment in the
City's future.
Doug stated that if the TIFD were able to help with infrastructure, the City would be more attractive to growth of
residential and businesses.
Tom and Emelie agreed on the fact that the TIFD does need some leadership and professional advice.
The Mayor said that the City will be contacting Shelby in regards to an additional TIFD that could combine the
City, County and the Railroad. This could possibly happen as the West Interchange is developed.
Other:
Nothing.
For next agenda:
Nothing additional.
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Budget/Finance Committee
August 6, 2013
The next regular Budget/Finance meeting will be Tuesday, August 20, at 5:30 p.m.
The meeting adjourned at 6:15 p.m.
Respectfully submitted,
Shirley Ewan, Clerk/Treasurer
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