STORMWATER QUARTERLY REPORT

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Finance Committee

November 22, 2011

Meeting Minutes

Attendees: Joe Maurer, Chair, Wendy Gillund, Committee, Bernice Schreiber, Fiscal Officer, George Skipper, Council, Christine Comstock, Council, John Bourisseau, Council, Kathleen Hale, Council, Jonathan Slain, Council Elect, Chief Pitts, Mayor Spremulli

Meeting Called to Order at 6:00PM

Review of Accounts

Payable

Discussion of various items on the list. Finance recommends that council approve the Payable Ordinance.

Review of October Financial

Statements

The Financial Statement review indicates that Revenues exceeded the budget and prior year by a significant amount. This was primarily due to RITA revenues. Expenses were generally in line or less than the budgeted amounts. Correspondingly, the bottom line excess of revenues over expenses indicates that we will exceed our budget by a significant amount for the entire year.

Other

Items

Mayor Spremulli presented his proposed budget for 2012 and discussed several of the more significant items.

Meeting adjourned at 6:55PM

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