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Bentleyville Finance Committee

March 19, 2014

Meeting Minutes

 

Attendees:  Jonathan Slain, Finance Committee Chair; Kathleen Hale, Finance Committee

Bernice Schreiber, Fiscal Officer

John Bourisseau, Council; Christine Comstock, Council; Ken Kvacek, Council; Kathleen Esposito, Council.

Meeting called to order at 6:00 P.M. by Councilwoman Hale.

Councilman Slain arrived at 6:15 P.M.

Approval of Minutes

Unanimously Approved.

Accounts Payable

Why is the VERCOG fee so high?

We'll be in a deficit situation within five years if we aren't careful about how we handle purchasing equipment.  According to Councilman Kvacek, we need to be careful about how we care for our existing vehicles. 

According to Councilman Bourriseau, we need to discuss amending RITA credit or some other vehicle for being able to provide the same level of service each year.

The accounts payable listing was reviewed and recommended for payment.  

Review of Financial Statement

A review of the financial statements shows that Year to Date thru February 2013, the Village is $57,000 better than budgeted ($35,000 is one time RITA payment from resident, $20,000 is accounted for by extra from RITA not expected that was then given back in March).  Revenue is $129,000 higher than budget (due mostly to a one time $138,000 tax receipt) and expenses ended up approximately $2,000 lower than budget. 

Insurance renewal from March is looking good in terms of holding steady over 2013.

Budget is amended up by about $7400 for police car costs that were higher than budget plus $2000 more to be amended in March for MDTs that are available for police cars, but were not included in the original budget.

 

Old Business

None

New Business

All agreed that we want to pass the four ordinances.

Finance Manager Items

None

General Discussion

Council wants to hear an update on the gas prices to see how it's affecting us.  June 30, 2014 will be the next time to check in on the pricing.

Save 30% using Kimble for waste instead of Waste Management. 

Meeting adjourned at 6:53 P.M.

Minutes submitted by Jonathan Slain, Finance Committee Chair

 

 

 

 

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