HomeMy WebLinkAboutMinutes - 4/5/2006 - Finance and Personnel Committee FINANCE AND PERSONNEL COMMITTEE MEETING
Wednesday,Apri15,2006
Aldermen's Conference Room, 7:00 p.m.
`— In Attendance: Committee Members: Chairman Alderman Murgatroyd, Alderman
Schaefer and Alderman Peterson. Absent: None.
Also in Attendance: City Administrator Maxeiner, Assistant City Administrator Martin, Director
of Finance Shietds and City Clerk Jones.
Chairman Alderman Murgatroyd called the meeting to order at 7:05 p.m.
Fiscal Year 2006/2007 BudQet
Director of Finance Shields provided an explanation of the various revenues by category. He
stated that 80% of the total revenue in the General Fund is made up of
• Sales Tax;
• Income Tax; and
• Property Tax.
Director Shields stated other significant revenues are:
• Parks and Recreation programs;
• Building Permits;
• Tr�c Fines;
• Township Road and Bridge Tax;
• Telecommunications;
• Vehicle Licenses; and
�" • Investment Income.
A lengthy discussion ensued regarding the detailed revenues, which Direetor Shields
summarized by category.
City Administrator M�einer outlined some of the benefits home rule would provide to the
City's budget.
City Administrator Maxeiner summarized the Fiscal Year 2006/2007 Budget Requests.
Adiournment
Motion by Peterson, seconded by Schaefer,to adjourn the meeting at 8:50 p.m.
Aye: Schaefer, Murgatroyd, Peterson.
Nay: None.
Absent: None.
Motion carried.
Respectfully submitted,
�JJ�'Y�� �r
Steven C. Murgatroyd, hair n
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