03/24/2004 Meeting Minutes - Laserfiche WebLink

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;~: MINUTES OF THE SPECIAL MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED WEDNESDAY, MARCH 24, 2004 Present: President Pro Tem McKay, Council Members Dailey, Gareau, Kasler, Limpert, Miller, Nashar Also Present: Mayor Musial, Law Director Dubelko, Finance Director Copfer, Clerk of Council Seman Absent: President of Council O'Grady President Pro Tem McKay called the special meeting to order at 7:35 p.m. in Council Chambers, 5200 Dover Center Road, North Olmsted, Ohio. RE RTS Councilwoman Kasler, chairperson of the Finance Committee: 1) The Finance Committee report includes numerous meetings that the Finance Committee held with regard to the appropriations. The following is a report of the first two meetings and the last meeting which took place this evening. The reports for the remainder of the meetings will be attached to these minutes and incorporated by reference. • The first meeting of the Finance Committee to discuss appropriations was held on Saturday, February 21. In attendance were committee members Kasler, Gareau and Limpert; Councilmen Nashar, McKay, President O'Grady; directors of Finance and Service; guests. The revenue portions of the budget were discussed. The committee discussed estate taxes and the fact that the only estimated revenue included is the amount of $188,000 which is already in the pipeline. This estimate does not include any estate taxes that will be received for the second half of the year. The Finance Director stated that she will not project revenue for this line item past the first half since this is a decreasing revenue line. Mrs. Kasler stated her objections to estimating zero in a fund that will undoubtedly have some revenue. In keeping with last year, it will probably realize another $180,000. The second issue discussed was revenue to the General Fund from the Casualty Loss Fund. This is being done to cover the repair of a seriously damaged vehicle. EMS fees was another issue discussed. The revenue does not reflect any revenue from EMS funds for the 25% of the residential fees collected. It's been requested that this once again be redirected to the General Fund. This was before Council in the farm of legislation and has since been addressed in a different manner. It should be noted that the reduction in the sewer fees for those residents using less than 1MCF of water is not reflected as a reduction in the revenue to the city. The Finance Department has informed Council that it has been unable to determine the amount of this revenue reduction due to the inconsistencies in the paperwork that has been received. Further information will be forthcoming. The