HomeMy WebLinkAbout2003 05-19 FCM. Financial Commission
Meeting Minutes
May 19, 2003
1. Call to Order
The meeting was called to order by Chair Escher at 6:00 PM
2. Roll Call
Members Present: Chair Escher, Commissioners Elftman, Blarney, Peterson, Wilkinson
and Hruska.
Members excused: Commissioners Nemec.
Others Present: City Manager Michael McCauley and Fiscal and Support Services
Director Douglas Sell
3. Annroval of Meetina Minutes
Motion by Commissioner Wilkinson, second by Commissioner Blarney to approve the
meeting minutes from March 13, 2003. Motion carried.
4. Annroval of Agenda
Motion by Commissioner Wilkenson, second by Commissioner Elftman to approve the
agenda. Motion carried.
• 5. Next Meetine
The next meeting will be a joint meeting with the City Council at a workshop session on
Monday, June 16, 2003 beginning at 6:00 PM, City Hall, Council/Commission
Conference Room.
6. Adi ournment
Motion by Commissioner Blarney, second by Commissioner Hruska to adjourn the
meeting. Motion carried. The meeting adjourned at 6:05 PM.
Following adjournment, the Financial Commission and the City Council met to receive
information and discuss approaches to the impending budget reductions and ACH
services.
ACH Proeram-Utility Billing Customers
Mr. Sell presented additional data regarding the ACH services authorized by the City
Council for utility billing customers. Based on current trends, only 2.7% of those eligible
for the program have submitted applications to participate. This is well short of the 15%
set as the lower limit by the City Council. Mr. Sell indicated that it seemed apparent that
the 15% would not be reached within one year of the program implementation.
Direction to staff was to prepare resolution terminating program and notify all customers
that had made application of program termination.
State Budget Balancing Proposals
Mr. McCauley explained the recent discussions and representations by the administration
and the legislature regarding the proposal to balance the state's budget and, its impact on
the City. According to the latest proposals, the City can expect a $1.17 million reduction
in LGA for 2003 and a reduction of $1.6/$1.8 million for 2004.
Other Discussion
Council and Financial Commission discussed various options that included curtailment of
services, increased revenues from various sources, etc. There was consensus that all
options should be reviewed when the final state budget bill has been agreed upon and
actual cuts and aids are known. This should be at the June 16' meeting.
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