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HomeMy Public PortalAbout2017-07-24 minutes1 MINUTES OF THE BUDGET COMMITTEE MEETING JULY 24, 2017 CALL TO ORDER The Budget Committee Meeting of July 24, 2017, was convened at 5:30 P.M. by Councilman Rick Mihalevich, Finance Committee Chairman. ATTENDANCE The following Council Members were present when the meeting convened: Present: Graham, Henry, Hussey, Kemna, Mihalevich, Prather, Schreiber, Ward, and Wiseman Absent: Fitzwater A quorum was present. MAYOR’S PRESENTATION OF FY2018 BUDGET TO COUNCIL Mayor Tergin reviewed her budget letter addressed to the City Council and provided a handout regarding MSP improvements. She noted storm water funds were typically taken out of the sales tax budget, but nothing additional had been budgeted. She thanked staff for their hard work getting the budget ready. OVERVIEW OF MAYOR’S BUDGET AND REVENUE DISCUSSION Chairman Mihalevich thanked the Finance Department for the work done on preparing the budget. Councilman Graham thanked Steve Crowell and Mayor Tergin for the budget and stated he hoped money could be found for storm water issues. Chairman Mihalevich turned the floor over to Finance and I.T. Director Margie Mueller who went over the proposed budget highlights and proposed revenue. She and other City staff answered questions on various items presented. COUNCIL DISCUSSION OF REVENUE PRESENTATION At the conclusion of staff presentation of proposed revenue items, a motion was made by Councilman Prather, seconded by Councilman Hussey, to accept the revenues as projected in the Mayor’s budget. The motion was approved unanimously. The council discussed the presentation. 2 MINUTES OF THE BUDGET COMMITTEE MEETING JULY 24, 2017 OTHER BUSINESS Councilman Mihalevich informed the Council to contact himself or the City Clerk if they would be unable to attend a budget committee meeting. Councilman Mihalevich stated that there appeared to be a conflict for some members with the budget committee meeting scheduled for July 27. He said that they could continue with discussion on revenue and decide to cancel Thursday’s meeting if that was the Committee’s wish. CONTINUATION OF DISCUSSION: FY2018 PROPOSED BUDGET HIGHLIGHTS Chairman Mihalevich turned the floor over to Finance and I.T. Director Margie Mueller who went over the proposed budget highlights and local use tax. She and other City staff answered questions on various items presented. FIVE-YEAR FINANCIAL PLAN Ms. Mueller presented the five-year forecast. She and City Administrator Steve Crowell answered questions on various items presented. OTHER BUSINESS Chairman Mihalevich encouraged the Committee members to review the budget and bring up questions at the next meeting. He stated the public could contact the Council and they could discuss any issues again. A motion was made by Councilman Hussey, seconded by Councilman Graham, to cancel the July 27, 2017, Budget Committee meeting. The motion was approved unanimously. Ms. Mueller stated the notice of cancellation for the July 2 7 meeting would be posted. She noted the July 31 meeting would begin with the detailed expenditures by department and that books would be available to the Council in the next couple of day s. ADJOURNMENT Chairman Mihalevich adjourned the meeting at 6:52 P.M.