STORMWATER QUARTERLY REPORT

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    Finance Committee
     February 15th, 2012
     Meeting Minutes

 

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

Meeting Called to Order at 6:00PM

Accounts Payable
The accounts payable listing was reviewed and approved for payment.  Several questions were presented and satisfactory answers were provided by the fiscal officer.


Review of January Financial Statements

The Financial Statement review indicates that revenues were significantly less than last year.  Expenses were higher than last year primarily due to salt purchases early in the year.  The actual results cannot be compared to the 2012 budget since the budget has not been passed.   The Village is currently operating under temporary appropriations   

Other Items  
Primary discussion was the 2012 budget.  Several versions and nuances were discussed in detail.  The main points of differences between the mayor and council revolve around Regional Income Tax Revenue projection as well as service department hours and full time versus part time employees.
 
The mayor’s most recent budget was taken under advisement for further study.

 

Meeting adjourned at 6:55PM

 


 

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