HomeMy WebLinkAboutBudget/Finance Committee Minutes 10.20.1998 MINUTES
BUDGET/FINANCE COMMITTEE
OCTOBER 20, 1998 4:30 P.M.
OLD COURT ROOM
MEMBERS PRESENT: Chairman Bud Johnson
Gary Temple
Gay Easton
Don Hackmarm
The overtime report for PPE 10-10-98 was distributed and reviewed.
Reviewed a letter from Double-Tree, Inc., regarding the water project.
Approved purchase requisitions as follows:
WATER FUND:
Laurel Aqua Knights for work on the intake pier
SEWER FUND:
Head works and digester control system troubleshooting
2,840.00
833.00
Meeting adjourned at 4:50 p.m.
Respectfully submitted,
Don Hackmann
Clerk-Treasurer
P.O. Box 147
BHdger, MT 59014
Phone: (406) - 662 - 3438
Fax: (406) - 662 - 3767
e-mail: DbI-Tree~wtp.net
I I
t516 We~t Babcock, Suite 2
Bozeman, MT 59715
Phone: (406) - 585 - 9133
Fax: (406) - 587 - 9687
e-mail: dbltree~avicom.net
October 19, 1998
City of Laurel
Budget & Finance Committee
c/o Don Hackmann
P.O. Box 10
Laurel, MT 59044
Dear Committee Members,
The first full year with the new rate structure in place has passed. The comparison of the
projections prepared and the actual revenue are broken down below for your review:
$1,446,273.65 - actual revenue from October 1997-September 1998
$1,438,389.08 - estimated annual revenue projected by Double-Tree, Inc.
$1,336,432.00 - estimated annual revenue projected by Morrison-Maierle, Inc.
As you can see, the actual revenue exceeded both estimates, which is what we had hoped for.
Don Hackmann and I have tentatively scheduled a meeting to close the books on the water tank
portion of the project in November. The portions of the line replacement and the u'eatment plant
with regard to the financing are going smoothly. I will update the council if any irregularities
occur. If any members of the committee or council have questions or concerns, please call.
Sincerely,