HomeMy WebLinkAboutBudget/Finance Committee Minutes 07.19.1999 MINUTES
BUDGET/FINANCE COMMITTEE
JULY 19, 1999 7:00 P.M.
OLD COUNCIL CHAMBERS
MEMBERS PRESENT:
Chairman Bud Johnson
Ken Olson
Chuck Rodgers
Gary Temple
Gay Easton
Mary Embleton
Reviewed and approved purchase requisitions for:
GENERAL FUND:
New computer for city office $ 3,334.00
WATER FUND:
Chemicals for Water Plant $ 975.00
Reviewed overtime report for PPE 7/10/99. Bud raised several questions and Mayor Rodgers
will follow up on the issues.
Mary asked for clarification regarding the new capitalization policy in effect and purchase
requisitions. A purchase requisition is still needed for any item over $500.00, but the
accounting will be done differently in that capital outlay items are only those over $5,000.00.
Recommended the following transfers:
Remaining appropriations from Special Revenue Insurance Fund #2010, #2020,
#2030, #2040 to the General Fund.
Transfer $15,000 from General Fund (Fire Contract Revenues) to Fire Department
Capital Projects.
Transfer $15,000 from General Fund to Ambulance Equipment Capital Projects Fund.
Other possible transfers to Capital Projects were discussed. The committee will review the
capital outlay requests and prioritize them in order to set up a CIP schedule.
Recommendations for more transfers will be on the next meeting's agenda. A resolution will
be prepared for the August 3, 1999 meeting.
Water line replacement and depreciation, as well as street improvement projects were
discussed.
The next meeting will be Tuesday, July 27th, at 7:00 p.m.
Meeting adjourned at 8:45 p.m.
Respectfully submitted,
Mary K. Embleton
Clerk-Treasurer