10/17/2006 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 10/17/2006 ,,~.~, Councilman Talton, chairperson of the Finance Committee: 1) The meeting was held on October 10 following the Intra-Governmental Relations Committee meeting. In attendance were committee members Ryan and Talton; Council members Orlowski, Barker, Jones and Council President Kennedy; Finance Director Copfer, Law Director Dubelko, Safety Director Terbrack, Human Resources Director Farver, Service Director Limpert, Community Life Services Director Dailey. Agenda items: • Transfer Ordinance 2006-165. Finance Director Copfer explained each transfer or appropriation, along with input by the department directors for each department affected. There were transfers in eleven sections of the appropriations ordinance in the General Fund category for a total increase in the amount of $122,606. It really is only about $6,000 as $117,000 is the funding for the Fair Housing program, and those funds are to be allocated as the budget is set and will be forthcoming. Anew fund was set up for that program. There were six transfers in Special Revenue Funds categories, totaling $70,523. There was one transfer in the Fire Construction Fund: an internal transfer of $15,000 from capital outlay to contractual services. In total, all funds transferred were $206,429. In addition to the transfers presented in Ordinance 2006-165, new amounts added were as follows: an additional $5,000 in Division of Building, contractual services, changing the General Fund total to $122,606. In Solid Waste and Recycling capital outlay, a new appropriation of $12,750 to purchase a new lawn mower and trailer for the Service Department. The new fund that was created, Fair Capacity Housing, will include transferred funds of $38,290 from the Law Department for the Assistant Law Director's salary. The Fair Housing budget is from a grant the city received, and it was decided it would be best to have a separate fund to account for those grant monies. That changed the Special Revenue Funds total to $70,523. The Land Acquisition Fund had a new appropriation of $13,300, which changed the Capital Projects total to $13,300. Finally, the total of all funds was changed to $206,429. A11 of these changes will be amendments to the ordinance. After review and a lengthy discussion by the committee and all of Council present, the committee unanimously recommended the legislation be passed as amended and under suspension of the rule. Councilman Talton made a motion to amend Ordinance 2006-165 to include all of the aforementioned additions and to place the legislation an second reading as amended. The motion was seconded by Councilman Miller and passed unanimously. Ordinance 2006-165 amended. • Ordinance 2006-17I, a resolution accepting the amounts and rates as determined by the Budget Commission, and authorizing the necessary tax levies and certifying them to the County Auditor. After an explanation by Finance Director Copfer and review and discussion by the committee and Council members present, the committee unanimously recommended passage under suspension of the rule. • Financial update. Director Copfer distributed information regarding where the city finances are as of this date. Director Copfer did an overview and asked the committee to review the information, compare it to the financial statements and call her with any specific questions. 6