HomeMy WebLinkAboutMINUTES Administrative Committee 1991-10-14RECORD OF PROCEEDINGS
“Administrative Committee
October 14,1991
Committee of the Whole:Mayor Dannels,Chairman
Board of Trustees
Attending:Chairman Dannels,Trustees Barker,
Dickinson,Garrett,Habecker and lix
Also Attending:Town Administrator Kiaphake,Finance
Officer Vavra,Clerk O’Connor
Absent:Trustee Aldrich
Chairman Dannels called the Committee meeting to order at 2:00 P.M.
REVIEW PROPOSED 1992 BUDGET:
Staff reviewed 1992 proposed Revenues and Expenses for the
following:
General Fund
Special Events/Stanley Park Fund
Conservation Trust Fund
Fleet Maintenance Fund
Museum Fund
Conference Center Fund
Self—Insurance Fund
Self—Funded Medical Insurance Fund
Police and Fire Pension Funds
Summary sheets detailed each fund’s activity,budget comments,and
personnel levels.Additional employees are being proposed in Parks
(2 Seasonal),Police (1 Officer),and Museum (½—time).Special
projects include the widening of MacGregor Avenue to construct new
parallel parking spaces which will result in a total of 32 spaces
north of the First National Bank Building.The Self-Insurance Fund
was created to provide a reserve account in the event the Town’s
liability or casualty insurance would not cover a loss or claim.
The 1991 budget amount for this fund is $1,256,305 and it inflates
the overall budget as it is not a planned expenditure.Staff
requested that,for presentation purposes,the 1991 and 1992
Budgets be modified to realize zero expenses,and an ending
retained earnings balance of $1,282,054 and $1,331,305
respectively;the Committee concurred with this request.
The Light and Power and Water Funds will be presented at the next
Committee meeting scheduled October 28,1991.
The news media was invited to meet with staff to further discuss
details of the proposed 1992 Budget.
REPORTS.
Administrator Kiaphake reported that August Sales Tax collections
have been received,and the Town is realizing an 11.49%year—to—
date growth —the largest month’s revenue in the Town’s history.
There being no further business,Chairman Dannels adjourned the
meeting at 3:17 P.M.
-‘
Vickie O’Connor,CMC,Town Clerk
0C1221991
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