01-23-84 Personnel & Finance - Laserfiche WebLink

Home Browse Search

• flnnt Etpnrt uju 21t onnutton ojounrU of or Tug id-or d1? lino: PERSONNEL AND FINANCE COMMITTEE The January 23 , 1984 meeting of the Personnel and Finance Committee was called to order at 4 : 30 p .m. by. its Chairman, Councilman Ann Puzzello in the Council informal meeting room. , Persons in attendance included : Councilmen Paszek, Puzzello , Voorde, Zakrzewski, Serge , Beck, and Brayboy, Patrick Martin, Brian Hedman, Sherrie Petz , Kathleen Cekan:ski-Farrand and members of the news media. Councilman Puzzello noted that the purpose of the meeting was to review one bill and two resolutions sent to Committee for review and recommendation. Brian Hedman explained that Bill No . 4-84 would establish a non-reverting Morris Civic Auditorium Improvement Fund. He explained that since 1980 the Morris Civic Auditorium has been managed- by the Centruy Center Board of Managers . He believed that the creation of this fund for the receipt of. donations and revenues from ticket sales would be in the best interest of addressing various capital improvements . He noted that approximately $30, 000 per year could be placed into the fund. He passed out a handout dated December 20, 1983 which addressed various capital improvements . Councilman Voorde questioned Sherrie Petz regarding the interest generated by accounts of this type. Following discussion, Mr. Hedman recommended that if an amendment was necessary to the bill .to specify that all interest earned be placed into the account rather than the general fund, that he would be in favor in such an amendment . Councilman Brayboy hoped that the creation of non-reverting funds would be done on a case by case basis . Following discussion by the Committee Councilman Serge made a motion seconded by Councilman Al Paszek that the bill be amended to designate that all interest earned be placed into the fund . The motion passed unanimously. Councilman Puzzello directed the Council Attorney to prepare the necessary amendment for this evening ' s meeting. Councilman Paszek made a motion seconde by Councilman Brayboy that Bill No . 4-84 as amended be recommended favorably to Council . The motion passed unanimously. Sherrie Petz then explained Resolutions 9A and 9B which would authorize the temporary. transfer of idle funds and would authorize their investment pursuant to I . C . 5-13-1 . Councilman Zakrzewski asked for the balances of all affected accounts . Following discussion Councilman Beck made a motion seconded by Councilman Serge that Resolution 9A go to Council favorably. The motion passed unanimously. Councilman Beck then made a motion to recommend Resolution .9B to Council favorably. It was seconded by Councilman Serge and passed unanimously. There being no further business to come before the Committee, Councilman Beck made a motion seconded by Councilman Zakrzewski that the meeting be adjourned . The motion carried and the meeting was adjourned at 4 : 50 p .m. Respectfully submitted, Ann Puzzello , Chairman IRE( 99999 .11€561. ►ORLIf1INu CO.