March 16th, 2009
Attendees: Joe Maurer, Chair, Joe Hudson, Finance Committee, Bernice Schreiber, Fiscal Officer, George Skipper, Council, Wendy Gillund, Council, Chief Pitts, Dale Berger
Meeting Called to Order at 7:02PM
Review of Accounts Payable
Discussion of various items on the list with satisfactory answers to all questions.
Payables Approved by the Finance Committee for submission to Council.
Review of February Financial Statements
The Financial Statement review indicates that revenues are slightly below budget this year primarily due to lower interest income. Revenues are well below last years actual revenues primarily due to lower RITA receipts and to a lesser extent reduced interest income. Actual expenses for the month were generally in line with budgeted amounts for all departments
Other Discussion Items
Discussion of insurance proposal from Love Insurance. Finance Committee
Recommends approval of this proposal.
Discussion of the potential purchase of a new truck for the Service Department. Chief Pitts to prepare a formal presentation of his recommendation at the April Finance Committee meeting.
Discussion of opening an account with Fidelity Brokerage to increase interest earnings while maintaining safety of principal. The Committee recommends the opening of the new account.
Discussion of street cleaning and the use of the remaining inventory of Hadite.
Meeting adjourned at 8:00PM
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