HomeMy WebLinkAboutMinutes-05/04/2015FINANCE COMMITTEE
May 4, 2015
5:10 p.m.
Harold E. Getty Council Chambers
Members present: Cole, Schmitt, and Jones.
Moved by Schmitt, seconded by Jones that the Agenda, as proposed, be approved. Ayes: Three.
Motion carried.
Moved by Schmitt, seconded by Jones that the Minutes of April 27, 2015, as proposed, be
approved. Ayes: Three. Motion carried.
Moved by Schmitt, seconded by Jones that the request for the following pre -authorizations to
expend over $1,000.00, be approved.
Pre -Authorizations to Expend over $1,000.00
Dept.
Amount + Est. S/H
Expenditure
Fire Rescue
$1,785.00
Preventative Maintenance Contract for 7-2011
cardiac heart monitors.
Human Rights
$2,900.00
Mobilizing to End Mass Incarceration Conference,
including speaker honorarium, facility rental & meals
for attendees.
Leisure Services
$3,500.00
Additional baseball and softball uniform pieces to
cover missing sizes and increased participation.
Planning
$2,500.00
An independent economic development
consultant/financial advisor to give a presentation on
the use of incentives, to include TIF in attracting and
retaining new growth to a City.
Mr. Schmitt questioned the request to expend $2500 to host the educational session regarding
TIF districts and economic development. He questioned why staff cannot provide the training.
Michelle Weidner, Chief Financial Officer, explained that the speaker will explain why the City
utilizes TIF and economic development. It will be an educational piece for Council and the
public. Staff felt that having an outside source who are experts in the area would be useful rather
than utilizing City staff.
Mayor Clark stated that he believes it will be a wonderful presentation.
Ayes: Three. Motion carried.
Moved by Cole, seconded by Schmitt that the budget amendment for the workers compensation
activity to budget for refund revenue received and additional workers compensation claims
expense in the amount of $6,633, as submitted by the Finance Department, be approved. Ayes:
Three. Motion carried.
Moved by Cole, seconded by Schmitt that the budget amendment for the sidewalk repair activity
to budget for revenue collected and anticipated in excess of the original budget and additional
construction expense in the amount of $44,814, as submitted by the Finance Department, be
approved. Ayes: Three. Motion carried.
Moved by Cole, seconded by Schmitt that the budget amendment to budget for a donation
received from the Iowa Hawkeye Horseshoe Pitchers Association for sidewalks at the Byrnes
Park horseshoe pits in the amount of $2,000, as submitted by Leisure Services, be approved.
Ayes: Three. Motion carried.
Moved by Cole, seconded by Schmitt that the amended project budget for the Mobilizing to End
Mass Incarceration - An Action Conference, funded with HUD fair housing partnership funds &
Finance Committee
May 4, 2015
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registration fees in the amount of $2,900, as submitted by Human Rights Department, be
approved. Ayes: Three. Motion carried.
Mr. Lind questioned when Council approves budget amendments.
Michelle Weidner, Chief Financial Officer, explained that the entire budget amendment amount
goes before Council after the budget amendment hearing.
Moved by Cole, seconded by Schmitt that Bills Payment, as contained in Accounts Payable
Invoice Report, dated May 4, 2015, in the amount of $2,501,807.49, be received, placed on file
and approved and forwarded to the full council for approval. Ayes: Three. Motion carried.
With no further business before the committee, it was moved by Cole, seconded by Jones that the
meeting be adjourned at 5:21 p.m. Ayes: Three. Motion carried.
Suzy Sch ; res, CMC
City Cler Human Resource Director