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Minutes of the Regular Meeting of Council Monday, January 26, 2015 Page 11 LEGAL DEPARTMENT - Diane Calta There was no report. FIRE - Chief Eugene Carcionpolo There was no report. FINANCE - Ron Wvnne Mr. Wynne reported, I know Council will be approving the financial report in a few minutes. I want to highlight some of the key points for this past year. Our General Fund balance reserves at the end of the year were $11,638,000. That's an increase of $1,296,000 over last year's balance. Our revenues exceeded our initial budget by about $2.2 million and our operating expenses were under our initial budget by $200,000. With some of that extra money we took in during the year, we transferred $1 million into the Community Room Fund to help with the cost of construction of the new Community Room. We transferred $600,000 to the Sanitary Sewer Relief Fund for the next sewer project. We transferred $900,000 to the Debt Retirement Fund so we will be able to fully pay off the bond anticipation notes that come due in August. Our debt for the year decreased from $10,011,000 to $7,881,000. If you can recall, our debt at the end of 2009 was $16,317,000, so our debt in five years has decreased by $8,436,000. Last year we refinanced our bonds so that over the next 12 years we will have saved $371,000 in interest expense. Major capital projects we undertook last year and some continuing this year are the Eastgate/Meadowood sewer conversion project for $2.5 million, our road program, $1.3 million, $500,000 for a new fire engine, $500,000 for the traffic signal mast arms that will go on the intersections of Wilson Mills and SOM and Seneca, and $1.3 million for the construction project for the Greenway Trail, 80% of which was funded with the grant we got through NOACA. Council President Buckholtz stated, excellent job, Ron. That's a great financial picture you presented. Thank you. POLICE - Chief Richard Edelman Chief Edelman assured everyone that we look forward to working with you on the proposed regional dispatch to come up with a solution that is valuable to all residents in Mayfield Village. Gino and I will be working night and day on this. Be assured we will do whatever is necessary to take care of the Mayfield Village residents. PARKS & RECREATION - Bill Thomas Mr. Thomas stated, we are about five months away from opening up Parkview Pool. We are putting together the brochure. It will be coming out in early March. We had 115 middle school students at our Annual Dodgeball, DJ and pool party on January 16?`. We had 12 dodgeball teams from 6t' through 8b grade.