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Minutes of the Regular Meeting of Council <br />Monday, October 15, 2012 <br />Page 10 <br />Motion to accept proposal of American Fireworks and authorize ezpenditure in the <br />amount of $9,000 for 2013 Fireworks Display. <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to accept proposal of American Fireworks <br />and authorize expenditure in the amount of $9,000 for 2013 Fireworks Display. <br />Council President Buckholtz asked if there were any questions. There were none. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Proposal Accepted <br />Expenditure Authorized <br />Motion to acknowledge receipt of financial reports for September 2012 and <br />to approve of same as submitted. <br />Mrs. Mills, seconded by Dr. Parker, made a motion to acknowledge receipt of fmancial <br />reports for September 2012 and to approve of same as submitted. <br />Council President Buclcholtz asked if there was any discussion. <br />Mr. Wynne wanted to mention, we got our final tax distribution in today for the month of <br />October which puts us a little bit over $13,000,000 for the year in income tax collections which <br />is what we budgeted for the year, $13,000,000. We are averaging about $1,000,000 a month and <br />I project we are going to be about $2,000,000 over budget in tax collections come the end of this <br />year. Our expenditures are under budget right now. They are a little bit ahead of last year's but <br />maybe because of all of the capital projects we have been doing, but they are under what we have budgeted for the year. I project we will end the year with a surplus in the range of <br />$2,000,000-3,000,000 when a11 is said and done. <br />Council President Buckholtz asked if there were any other comments or questions. There were <br />none. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Receipt of Financial Reports <br />for September 2012 Acknowledged <br />and Authorized <br />• Resolution No. 2012-19, entitled, "A Resolution Authorizing the Mayor to seek financial <br />assistance from the State Issue I Infrastructure Bond Program for fiinding of Phase I of <br />the sewer project on Eastgate, Meadowood, Ravine, Thornapple, Robley and a portion of <br />Wilson Mills Road and declaring an emergency." Introduced by Mayor Rinker and <br />Council as a Whole. <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to adopt Resolution No. 2012-19.