HomeMy WebLinkAboutBudget/Finance Committee Minutes 07.14.2000 MINUTES
BUDGET/FINANCE COMMITTEE
JULY 14, 2000 6:00 P.M.
DPW OFFICE
MEMBERS PRESENT:
Chairman Bud Johnson (7:00 p.m.)
Chuck Rodgers Ken Olson
Mark Mace Gay Easton
OTHERS PRESENT:
Mary Embleton
Mary reported that she had not authorized any wage increases for non-union employees for PPE
7/9/00 due to the fact that the wage issue was not finalized in the budget. This made some non-
union employees unhappy. On Friday, Peg Arnold told Mary about Resolution No. R99-28 that
authorized a 2.7% wage increase for non-union employees for three years. Mary apologized for the
mistake. However, the office staff had prepared letters to the committee asking for 35C/hour and
Mary advocated this increase for her staff. Public Works also submitted letters, which were
discussed briefly. The consensus of the committee was to work with the 2.7% figures.
Mary also presented her figures on the internal services transfers from the Enterprise Funds to the
General Fund. She explained that she used the 1999-2000 actual costs rather than the 2000-2001
budget figures to arrive at a total of $280,849 in General Fund revenue. This is down from
$351,522 last year ($70,673). She recommends this method be used for this year, even though it
means less revenue to the General Fund.
The General Fund budget was discussed at length. At present, the appropriations were $2,713,766
and total resources (cash and revenues) were $2,964,733, leaving only a 9.2% cash reserve of
$250,967. Mary told the committee that she would like to see a 20-30% cash reserve. She was
directed to find out what the $100,000 cash equipment reserve account in the General Fund was for.
The committee received new printouts of the General Fund expenditures, which they will review
and identify possible cuts totaling $250,000.
Mary recommended increasing the appropriations for the following special revenue funds: Light
District #2, Light District #3, and Sweeping District. The committee concurred.
Some discussion of the debt service funds was held. Mary suggested transferring some of the cash
available from the SID Revolving Fund to supplement the General Fund cash. Bud stated that the
SID Revolving Fund had to have enough funds to cover any outstanding SID funds such as SID
#110. Mary will research the matter.
The meeting adjourned at 8:40 p.m. The next regular meeting will be on Monday, July 17th, at 7:00
p.m.
Clerk-Treasurer