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HomeMy Public PortalAbout20000810minutesFINANCE COMMITTEE MINUTES August 10, 2000 OFFICIALS PRESENT: Councilman Larry Vincent Councilman Len Stella Councilman Edith Vogel Councilman Cliff Olsen Councilman Clyde Angle Councilman Charles Jackson Councilman John Landwehr Councilman Bob Weber OFFICIALS ABSENT: Mayor Tom Rackers Councilman Steve Nelson Councilman Carol Blaney STAFF PRESENT: C i t y Ad m i n i strat o r Rich Mays Finance Director Steve Schlueter City Counselor Allen Garner CALL TO ORDER Finance Committee Chairman Larry Vincent called the meeting to order at 6:10 P.M. Chairman Vincent informed the councilmen of their budget sub-committee assignments and the schedule of each sub-committee. Chairman Vincent also announced the change of meeting time for Councilman Jackson’s committee to Monday, August 21 at 9:00 A.M. Chairman Vincent informed the committee members that any additions to the proposed balanced budget must be accompanied by corresponding decreases in some other budget line item. Chairman Vincent turned the meeting over to Rich Mays. Mr. Mays started by reviewing the FY 2001 budget document and explained the color coded pages and what they reflected. Mr. Mays explained that the pink sheets reflect the priority request and that it included requests for new and replacement equipment. A question was raised about t h e vehicle replacements and t h e condition o f t h o se v eh i cl es b ei n g replaced. Mr. Mays stated that more information on the vehicles would be forthcoming and that the Department Head would be in a position to explain the condition of each of their vehicles. Mr. Mays then turned the meeting over to Steve Schlueter to review the highlights of the proposed FY 2001 budget. Mr. Schlueter discussed some adjustments to the salary structure, capital requests, subsidies to several operating divisions and then quickly reviewed some of the revenue projections. After a quick review of the percentage increases and decreases based on current an d pro p o sed e x penditur e s, M r. Schlueter turned h i s at t en t i o n to h i s m em o to Mr. Mays regarding four revenue options that could have a major impact on this or future budgets. Some brief discussion followed the review of these revenue options. Mr. Schlueter then turned the meeting back to Mr. Mays. Mr. Mays then discussed how difficult it was to balance the budget. Two major issues originally included in the budget were the funding for the L-6 pension plan and the cost of the increased health insurance premiums. In addition, the overlay program and proposed renovation to the city offices was explained. Mr. Mays also discussed the ½ cent sales tax portion of the budget request. At this point several of the councilman asked Mr. Mays to repeat some of those items and Rich stated that he would provide a written document further explaining some of these major items. The next item Mr. Mays discussed was the salary survey completed by the Director of Human Resources. In addition, Mr. Mays reviewed a document from the Firefighters Local 671 and their position on the Fire Department’s manpower and staffing. The next item reviewed was the proposed salary and benefits package portion of the budget and how it was formulated. There were approximately 45 minutes of discussion of the makeup of these two areas and Councilman Jackson asked for some information about how the state subsidizes their health plan. Chairman Vincent made a suggestion that a fourth sub-committee be formed to review and analyze the combined salary/benefits portion of the budget. All agreed and Chairman Vincent appointed the three sub-committee chairs to be on that committee along with himself. Those three members are Councilmen Jackson, Landwehr and Stella respectively. It was agreed that their first meeting would be held on Tuesday, August 22 at 4:00 P.M. in the conference room. ADJOURNMENT There being no further business, Chairman Vincent adjourned the meeting at approximately 8:15 P.M.