May 4, 2015 - Finance Committee Meeting
Finance Committee Meeting
Members Present:
Tom Hilliard called the meeting to order at 6:05pm.
This meeting was to discuss the transfers that are currently being made to the following five funds: Street Equipment Fund, Street Resurfacing Fund, Police Car & Equipment Fund, Parks & Grounds Fund, and Recreation Fund. Tom started with the Parks and Grounds Fund, saying that the quote for the resurfacing of the tennis/basketball/skate park was over $32,000. and he would not like to see this fund reduced.
Dave Godwin would like to see an increase in the Street Resurfacing Fund due to no funds being put in the Street Fund because of the levy failure.
Steve Tharp would like to know priorities to determine where the money goes.
Mayor Schwab needs to have firm numbers from council for any projects. Mayor also suggests that we have a “game plan” for the roads.
Paul Mackey suggested that we have plans for any changes taking place.
Steve Tharp suggested putting plans on a website showing residents what we are going to do. He would like to hear from Ricky Patterson as to what needs to be accomplished.
Dale Fox suggested that we grade our streets and locate priorities.
Rob Pauley estimated that Park Street would be well over $200,000. Including a new water line. He also suggested that we have “shovel-ready” projects. One of those projects should be the water line through the underpass. Rob also described the grading system for the roads. He suggested micro-surfacing 2nd street and then sealing it in the fall.
Steve broadened the discussion to all general funds.
The following suggestions were made: the Street Resurfacing Fund go from $2000.00
quarterly to $5000.00, the Street Equipment fund be reduced to $2500.00 quarterly, the Police Car & Equipment fund is to be increased from $2000.00 to $6000.00 quarterly and the Parks and Grounds fund be reduced by $500.00 quarterly. The Recreation Fund would be reduced to $0.
The meeting was adjourned at 6:55pm.
Thomas Hilliard – Finance Committee Chair