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HomeMy WebLinkAboutBudget/Finance Committee Minutes 02.05.2001 MINUTES BUDGET/FINANCE COMMITTEE FEBRUARY 5, 2001 7:00 P.M. DPW OFFICE MEMBERS PRESENT: Chairman Bud Johnson Chuck Rodgers Mark Mace Gay Easton Ken Olson OTHERS PRESENT: Gary Temple Larry McCann Mary Embleton The claims for January 2001 were reviewed. Mary told the committee that she is monitoring the purchase requisition requirements more closely, and that the court needs to submit one for public defense in the amount of approximately $1,500 at the next meeting. The committee recommends to council that the claims totaling $303,782.00 be approved. Mary requested that one additional year-end journal voucher, #YEA42, be approved. The auditors recommended these entries on January 29th in order for the annual report format to coincide with the audit. The JV was approved. The following purchase requisitions were reviewed and approved: GENERAL FUND: Fee and travel expenses for workshop of 1/20/01 - council Contribution to Senior Center - council Contribution to Senior Helping Hands - council City's share of Beartooth RC&D assessment- council Filing fee for 2000 Annual Report - clerk/treasurer Copy, fold, tab, and postage for sewer rate notices - clerk/treasurer Gateway computer, software, and printer - tim department Insulation for shop doors (3 fire, 2 shop) - shop Children's books - library Trim trees at Riverside Park - parks City's participation for 2000-2001 - air pollution POLICE TRAINING FUND: Registration, equipment & uniforms for academy - Romero Attendance fee for FBI Command college - Musson TCSP FUND: $ 684.44 1,000.00 700.00 690.17 725.00 728.11 1,947.00 700.00 683.30 2,500.00 2,667.00 $ 600.00 615.00 Non-motorized transportation analysis $3,000.00 Budget/Finance Committee February 5, 2001 Page 2 WATER FUND: Electrical work on motors for chemical feeder system - plant Pilot plant study - treatment Reflectorized barricade tape & shovels - system Service connections fees for 2516 connections - system $ 530.00 60,000.00 783.25 5,032.00 SEWER FUND: Machine work on Elm St. lift station pump - lift station Deductible on sewer back-up claim for O'Rear- system $ 1,000.00 745.27 The committee reviewed the Comp/OT reports for PPE 1/21/01. The Payroll Register for PPE 1/21/01 totaling $96,190.46 was reviewed and approved by the committee. Mary explained that there were several payroll adjustments made to correct employer deductions for health and life insurance premiums due to changes in personnel. The minutes for the meetings of 1/16/01 and 1/29/01 were reviewed and approved via motion by Ken, seconded by Mark, and passed unanimously. During discussion, Ken asked about the $100,000/yr for water line replacement mentioned in the 1/29/01 minutes. Bud stated that he remembered a document from Double Tree, Inc. analyzing projected revenues vs. actual revenues in either '98 or '99, which showed that the projections were on target. He again asked where the $100,000/yr. was spent if it is not in reserves. Larry reported that the lot information was requested by the state, and that the mayor needs to sign a letter of understanding that this data will not be given or sold to anyone outside the city. Discussion followed. Larry will contact the representative from Montana Power. A draft Investment Policy was presented to the committee. This had been brought before the committee in October of '98. Most of the policy is patterned from the City of Billings' policy. Lengthy discussion was held, and the matter will be put on the next agenda. The city attorney, the auditors, and Nathan Tubergen will be involved in the process. Mark requested an update on the Sidewalk Project. Larry reported that Steve will give an update at tomorrow night's council meeting, but that the financing of the project will be discussed at the next council meeting on the 20th. Nathan should be able to attend that meeting. Interest in the project is growing and the east side is requesting consideration. The cost of the initial project of$117,000 may be too small for a full-blown bond issue with bond counsel, etc. The city's revolving fund has enough money to help get this project started. More discussion followed regarding street projects, curb & gutter, and storm water systems. Budget/Finance Committee February 5, 2001 Page 3 Mary reported that the city received a dividend for worker's compensation from MMIA in the amount of $13,142.00. She also reported that Book Publishing sent a notice/request to codify our ordinances. The last one done was #099-23. Mary also reported that she had a note from Joe Leckie that the code review was coming soon. Larry reported that the department heads and Matt will review the revised codes before going before council. The meeting adjourned at 8:30 p.m. The next regular Budget/Finance Committee meeting will be Tuesday, February 20, 2001 at 6:00 p.m. Respectfully Submitted,