Loading...
HomeMy WebLinkAboutBudget Minutes - May 2, 2001 CITY OF CENTRAL POINT 2001/2002 BUDGET COMMITTEE MEETING MINUTES May 2, 2001 I. INTRODUCTION OF MEMBERS Members present were: Council Members Citizen Members Ci Staff Mayor Bill Walton LeRoy Burkhart Jim Bennett, City Administrator Dick Halley Jim DeKorte Bill Brugger, Finance Director Kay Harrison A! Myers Lois De Benedetti, Building Official Donna Higginbotham Mike Quilty Bob Pierce, Public Works Director Dennis Richardson Rick Rapp Mike Sweeny, Police Chief Bill Stults Marciel Tomich Deanna Gregory, Deputy Recorder Hank Williams Council Member Dave Gilmour was absent. 1 11. APPROVAL OF MINUTES A. Approval of April 25, 2001, Budget Committee Minutes Bill Walton made a motion to approve the minutes for the Budget Committee Meeting on April 25, 2001, as presented. Mike Quilty seconded. All said aye. Motion passed unanimously. III. PRESENTATION OF BUDGET A. Utility Fund Utilit}~Fund Water Department Public Works Director Bob Pierce presented the Utility Fund Water Department Budget explaining the increases in Staffing, Professional/Contracts and Supplies. He presented the Capital Outlay projects for a total of $831,000. Mike Quilty made a motion to approve the Utility Fund Water Department Budget as presented for Total Requirements of $2,188,958. Donna Higginbotham seconded. All said aye. Motion passed unanimously. Ciry of Central Point Budget Committee Minutes May 2, 2001 Page 2 B. Street Funds Motor Vehicle Tax Fund Mr. Pierce explained the significant changes to the Motor Vehicle Tax I=und. He highlighted the Capital Outlay projects for a total of $1,088,000 explaining the items that will be funded partially by grants. Dick Halley made a motion to approve the Motor Vehicle Tax Fund as presented for Total Requirements of $1,497,348. Donna Higginbotham seconded. Aii said aye. Motion passed unanimously. 2. Street Appurtenances Fund Mr. Pierce stated that the significant changes for this fund will be in the Capital Outlay projects from FY 2000-2001 levels as net working capital is spent down. He reviewed the five proposed Capital Outlay projects for a total of $1,245,000. Mike Quilty made a motion to approve the Street Appurtenances Fund as presented for Total Requirements of $1,571,399. Dick Halley seconded. All said aye. Motion passed unanimously. C. SDC Funds Water Supply SDC Fund Mr. Brugger explained the purpose of the Water Supply SDC Fund is to provide funds to purchase water from Lost Creek Reservoir when the time is appropriate. He does not see a need to make this purchase at this time and would like to continue to build this fund. Bill Stults made a motion to approve the Water Supply SDC Fund as presented for a Fund Balance of $682,150. Mike Quilty Seconded. All said aye. Motion passed unanimously. 2. Water Distribution SDC Fund Mr. Pierce explained that this fund accounts for Water Capital Outlay projects which are eligible for funding from the SDC's. He reviewed the seven projects proposed to be completed for a total of $776,000. Bill Stults made a motion to approve the Water Distribution SDC Fund as presented for Total Requirements of $776,000. Hank Williams seconded. All said aye. Motion passed unanimously.