HomeMy WebLinkAboutBudget/Finance Committee Minutes 07.10.2001 MINUTES
BUDGET/FINANCE COMMITTEE
JULY 10, 2001 7:00 P.M.
OLD COUNCIL CHAMBERS
MEMBERS PRESENT:
Chairman Bud Johnson
Mark Mace
Ken Olson
Chuck Rodgers
OTHERS PRESENT:
Mary Embleton
The Budget/Finance Committee meeting was called to order by Chairman Bud Johnson,
at 7:05 p.m., to discuss the General Fund budget.
The taxable valuation for the city from the Dept. of Revenue was received today, and
Mary reported that the mill value went up by $4/mi11, and the newly taxable property
dropped from $211,865 to $132,011. Mary distributed updated General Fund budget
figures, using the revised figures for the following: 1.) Put all Clerk/Treasurer
appropriations back in the General fund from the enterprise funds; 2.) Included
administrative charges from enterprise funds in revenues, but used only 75% of dispatch
expenditures based on the mount of time they have to cover water and sewer
emergencies. Total revised General fund revenues are approx. $2.1 million and
appropriations are approx. $2.8 m/ilion. Discussion followed regarding appropriations in
excess of revenues, and how that affects the reserve. A target of $600,000 for cash
reserve was used. Health insurance premium increases is a big factor this year, and the
committee instructed Mary to come up with a figure on health insurance average cost per
employee per month. Mary suggested that it may be possible to move all the General
fund health insurance costs to the special revenue fund #2371 and levy additional mills to
fully fund these costs. More research will be done on this, but it could have a net impact
of $200,000 reduction in appropriations over revenues in the General fund. Ken asked to
see figures on the impact that the city mill levy has on a person's property taxes. This
can be done once the budget is finalized. Bud emphasized that he would like to have a
formal CI1~ prior to spending reserves. It is recommended by the committee that the
clerk/treasurer's office prepare an annual salary and benefit statement for each employee
to be given out at the end of each fiscal year.
The committee then reviewed the General fund department by department with the
following revisions:
Dept ./Account Requested
City Judge (wage) $26,000
Court Clerks $65,713
Clerk for City Attorney $27,455
Ambulance (building) $175,000
Public Works Dir. (sup.) $3,500
Public Works Dir. (equip) $8,000
Library (facil.) $8,000
Revised
$22,500
$48,532 (share Sheri w/arty)
$12,638 (no paralegal)
$0 (but will get come CI]? $)
$1,000 (cut laptop)
$0 (cut plotter)
$1,000 (doors repl. already)
Budget Work Session
July 10, 2001
Page 2
Parks (irrig-Kiwanis) $20,000
Pool (equip) $12,500
$5,000 (do in sections)
$0 (cover - reserves?)
Mary will revise these figures and bring them back to the next meeting for further
discussion.
The meeting adjourned at 9:30 p.m. The next Budget work session will be held on
Thursday, July 12, 2001 at 7:00 p.m. following the Insurance Committee meeting, which
is scheduled for 5:00.
Re~ectfully Sub. miffed,
Mary K. Embleton
Clerk/Treasurer