HomeMy WebLinkAboutBudget/Finance Committee Minutes 04.25.2001 MINUTES
BUDGET/FINANCE COMMITTEE
APRIL 25, 2001 7:00 P.M.
OLD COUNCIL CHAMBERS
MEMBERS PRESENT:
Chairman Bud Johnson
Ken Olson
Gay Easton
Mark Mace
OTHERS PRESENT:
Gary Temple
Peg Arnold
Kay Kucem
Larry McCann
Mary Embleton
Bonnie Latham
Andy Loebe
Steve Klotz
The Budget/Finance Committee meeting was called to order by Chairman Bud Johnson,
at 7:05 p.m., to discuss the following preliminary budgets:
Library Solid Waste
Parks Swimming Pool
Peg began by introducing Kay Kucera and Bonnie Lathem, members of the Library
Board, to the committee. She then reviewed the Library Aid Grant fund's revenues and
expenditures and stated the cash balance of the fund as of 3/31/01 was $5,650. The
revenue for this fund comes from the State General Fund. She then reviewed the
expenditures for the Library in the General Fund. A major increase comes ~om
budgeting to replace all four doors at the Library building. Peg stated that there is a
possibility to replace two of the doors out of the current budget through savings from
health insurance and other areas. If this is done, the budget will he revised accordingly.
Overall, the preliminary expenditure budget is 106% of last year's budget. The revenues
generated by the Library were reviewed next. The current cash balance for Library
Donations is $2,554. Brief discussion was held regarding the new computer services
offered by the Library. The committee thanked all three ladies for coming.
Andy reviewed the Solid Waste Collection and Disposal budgets. Some line items were
combined to simplify the budget. The only capital outlay items .requested were two 40-
yard containers for Disposal, and completion of the fencing around the container site.
Dumping fees in Billings will be increased from $11.50/ton to $13.00/ton but the city's
volume ha_q decreased, so the budgeted amount was left the same as last year. Mary
stated that she included a $50,000 depreciation expense item as recommended by the
auditors. Overall, the preliminary expenditures are 93% oflnst year. Revenues are at
78% of last year due to no entry for Proceeds from Loans this year. Mary mentioned that
the Customer Accounting and Collection portion of Solid Waste will he presented with
the rest of the Clerk/Treasurer's budget.
Budget Work Session
April 25, 2001
Page 2
The Parks budget was reviewed by the committee next. The Facilities portion of the
Parks budget was combined with the other park expenditures for simplification purposes,
thus having all the expenses on one sheet. Capital outlay requested included a sprinkler
system for Kiwanis Park and a new lawn mower. Overall, the Parks budget in the
General Fund is 120% of last year's budget. Also reviewed was a request for $25,000 for
park development in the Capital Projects Fund. This would be to complete the parki~
spaces and curbs at Riverside Park.
Steve presented the Swimming Pool budget to the committee. Wages are at 4% of last
year due to the fact that the city plans to contract with the YMCA to staff and manage the
pool this season at a cost of $30,000. An insulated pool cover was requested as capital
outlay for the pool. There are plans to replace the filter and chlorinator this year.
Overall, the pool budget is at 92% of last year.
The meeting adjourned at 8:10 p.m. The next regular Budget/Finance Committee
meeting will be Monday, April 30, 2001 at 7:00 p.m., and the next Budget work session
will be on Wednesday, May 16~ at 7:00 p.n~
Respectfully Submitted,
Clerk/Treasurer