05-12-03 Personnel & Finance - Laserfiche WebLink

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r (otttmittr* lOport ersortnti and final= Continittet The May 12, 2003 meeting of the Personnel and Finance Committee was called to order by its Chairperson, Council Member James Aranowski at 4:20 p.m. in the Council Informal Meeting. Room. Persons in attendance included Council Members Aranowski, Coleman, Kelly, Kuspa, Varner, Kirsits and King; City Controller Rick 011ett, Ann-Carol Nash, Michael Beitzinger,Thomas Walz, Terry Bland of the go0Uti $' %4 tVilAtItt and Council Attorney Kathleen Cekanski-Farrand. Council Member Aranowski called for a presentation on Bill No. 32-03 which would authorize the Mayor and/or Controller to make temporary loans to meet current operating expenses of various city funds in anticipation of and not in excess of current taxes levied in 2002, and collected in 2003,and which would authorize the issuance of temporary loans tax anticipation time warrants. City Controller Rick 011ett made the presentation. He noted that the funding mechanism which the ordinance would permit would be tax anticipation warrants. In light of the court-ordered reassessment process, the County Assessors are in the process of reassessment which has been very time consuming. In light of the delay in tax bills being sent out there will be a delay in the distribution of tax revenues. The first billing is to be 50% of last year's tax amount that was due, with the second billing being adjusted. Seven (7) funds are anticipated to have insufficient funds, namely General Fund 101, Parks & Recreation 201-1100, Cumulative Capital Development Fund 406, Fire Pension Fund 701, Police Pension Fund 702, Studebaker Bond Fund 310, and the Hall of Fame Bond Fund 313. Mr. 011ett noted that since the normal June proceeds for these seven (7) funds will be delayed by the state, the proposed ordinance is necessary. It is anticipated that a portion of the money should be received by July 31st. Mr. 011ett noted that the city has not needed to use tax anticipation warrants for approximately ten (10) years because of the strong cash reserve policies which the city maintains, however these reserves will be used by the end of June. Following discussion, Council Member King made a motion, seconded by Council Member Kelly that Bill No. 32-03 be recommended favorably to Council. The motion passed. Council Member Aranowski then called for a presentation on Bill No. 34-03 which would appropriate $68,000 within the COIT Fund (Fund # 404) for the purpose of administering employment counseling programs through the Workforce Investment Board. City Controller Rick 011ett made the presentation. He noted that this money was not anticipated. The ordinance would appropriate$68,000 of state grant monies for three (3) grants, namely for at- risk youth,Latino youth, and laid-off workers. Following discussion, Council Member Kelly made a motion, seconded by Council Member King that Bill No. 32-03 be recommended favorably to Council. The motion passed. Under unfinished business, Council Member Aranowski noted that a Committee meeting to be scheduled for June 23rd, the City Controller will provide an update on health insurance which has been discussed at two(2)prior Committee meetings.