HomeMy WebLinkAboutMinutes - 4/14/2008 - Finance and Personnel Committee FINANCE AND PERSONNEL COMMITTEE MEETING
�-- Monday,April 14, 2008
Aldermen's Conference Room, 6:30 p.m.
In AttendancF:Committee Members: Chairnuw Alderman Murgatroyd, Alderman Peterson, and
Alderman Sch<<efer. Absent: None.
Also in Attend�nce: City Administrator Maxeiner, Director of Finance Black and City Clerk Jones.
Chairman Alderman Murgatroyd called the meeting to order at 6:33 p.m.
Mayor Low arrived at 6:44 p.m.
2008/2009 Fiscal Year Bud�et Discussions Continued
Finance Director Black distributed updated information regarding the Public Works Department and
Water Division. He informed the Committee that some of the figures had been revised to reflect
settlemerns made on behalf of the City.
Director Black noted that the staffing level has remained the same in the Water Division.
Director Black stated that the electricity contract is coming up for renewal in May. He noted that with
prices as they are in today's market,electricity cost would be up approximately 20%from last year.
Responding to an inquiry from Chairman Alderman Murgatroyd, Finance Director Black stated that
depreciation is �n track for the current year and is anticipated at$1.1 million for 2008/2009.
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Mayor Low arr ved at 6:44 p.m.
City Administr.itor Maxeiner explained the SCADA system to the Committee and outlined the long term
effects the system would have on staffing,
Finance Directcr Black summarized the following items in the Water/Sewer Analysis to the Committee:
• Operating Revenues
• Operating Expenses
• Operating Income (loss)
• Net Income(loss)
• %Growth—Revenues
• %Growth—E�cpenses
• Consumption
o Resident
o Commercial
o Industrial
o Condo
o Apartrnent
o Nursing Home
o Hospital
• %Chlt7ge
Finance Director Black outlined the Water/Sewer Operating Revenues according to source.
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Finance and Personnel Committee Meeting
� April 14, 2008
Page 2
Finance Direct•�r Black indicated it is the intent of Staff to begin preparation of a 3-Yeax Plan for the
Committee's r�view outlining projected increases in revenues and expenses. Chairman Alderman
Murgatroyd su�;gested the cost of the consolidation of the Central and South Wastewater Treatment Plants
should be taker. into consideration in the preparation of any Plan.
Finance Director Black announced it is the intention of Staff to bring sewer/water increases to the
Committee for;,onsideration within the next three months. Chairman Alderman Murgatroyd opined Staff
might want to address the matter more quickly in order to take advantage of the high consumption rate
during the summer months. He noted he would be willing to entertain discussions regarding an increase
for the current vea.r and he would also be willing to look at a long term comprehensive plan for increases.
A brief discussion ensued regarding the Committee's preferences as to an additiona.l meeting to further
discuss the budget. Chairman Alderman Murgatroyd opined that another meeting is required. He
suggested Wednesday,April 16, 2008 at 7:00 p.m. in the Aldermen's Conference Room.
Mayor Low departed at 7:10 p.m.
Finance Director Black briefly summarized the proposed Budget deficit. He stated that with the noted
adjustments the current deficit is$619,000.
� Finance Directc�r Black outlined possible budget reduction options, including additions to the proposed
budget and pote ntial additional revenue.
Chairman Alderman Murgatroyd suggested the Committee continue its review of the Budget and
additional paperwork provided by Finance Director Black, prior to the meeting scheduled on Wednesday,
April 16, 2008 at 7:00 p.m. in the Aldermen's Conference Room.
Adiournment
Motion by Peterson, seconded by Schaefer,to adjoum the meeting at 725 p.m.
Aye: Murgatroyd, Peterson, Schaefer.
Nay: None.
Absent:None.
Motion carried.
Respectfully submitted,
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Steven C. Murgatroyd, C
L