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Minutes of the Regular Meeting of Council Monday, December 16, 2013 Page 6 Motion to authorize expenditure in the amount of $5,500.00 to Ohio Fire Chiefs' Association for Fire Chief Assessment on November 15, 2013. Mrs. Mills, seconded by Mr. Marrie, made a motion to authorize expenditure in the amount of $5,500.00 to Ohio Fire Chiefs' Association for Fire Chief Assessment on November 15, 2013. Council President Buckholtz asked, any discussion or questions? There were none. Roll Call: AYES: All NAYS: None Motion Carried Expenditure Approved Motion to acknowledge receipt of financial reports for November 2013 and to approve of same as submitted. Dr. Parker, seconded by Mrs. Mills, made a motion to acknowledge receipt of financial reports for November 2013 and to approve of same as submitted. Council President Buckholtz asked, any discussion? Mr. Wynne commented on the report. Our income tax collections through November were about $14.7 million. We have received our payments in December which ended up being about $300,000-400,000 ahead of our December collections last year. I really don't know why to be honest with you. It will put our income tax collections for the year a little bit over $16 million. If you recall, when we put the budget together, we had preliminarily budgeted $13 million to be conservative not knowing how the year was going to end up. We are going to come in about $3 million above budget. Taking into consideration all of the transfers and the advances that Council will be approving during this meeting, projections are that our General Fund balance after all of the transfers and advances will be between $10-11 million. Our budget for the year was to be at around $8.5 million. We are going to be $1.5-2 million above budget. That's after transferring an additional $1 million to the Sanitary Sewer Conversion Fund and transferring $1 million to the Greenway Corridor Fund as an advance in anticipation of the NOACA money to come next year. Council President Buckholtz asked, so our revenue is up from what we projected by $3 million? Mr. Wynne replied, just the income tax collections. Council President Buckholtz asked, which will put us at $10-11 million with an $8.5 million proj ected budget after transfers? Mr. Wynne replied, we projected an $8.5 million budget after transfers.at the start of the year. After transfers now, we are going to be at around $10-11 million.