HomeMy WebLinkAbout06-28-10 Personnel & Finance Committeen
~` ` ~"~ PERSONNEL AND FINANCE COMMITTEE
JUNE 28, 2010
Tom LaFountain, Chairperson, Personnel and Finance Committee called the meeting to
order at 4:17 p.m.
Committee Members Present: Oliver Davis, David Varner, Karen White
Other Council Present: Ann Puzzello, Henry Davis
Others Present: Rita Kopala, Gregg Zientara, Jack Dillon, Tom Price, Jeff Parrott, Mayor
Luecke, Gary Gilot, Aladean DeRose, Marty Wolfson, Kathleen Cekanski-Farrand
Agenda: Bill No. 32-10 -Transferring monies from Rainy Day Fund
Regarding Bill No. 32-10, City Controller Gregg Zientara explained to the Personnel and
Finance Committee the reasons for the transfer request. He explained ashort-fall in
various funds this time of year was typical. The $1,850,000 transfer would be repaid in
full when disbursement of property taxes was received from the State through the county.
The Rainy Day Fund from which the transfer was requested would have a remaining
balance of over $8,500,000. In response to Karen White, Aladean DeRose stated that the
borrowed money would have to be repaid to the same fund. Karen White then moved the
bill go to Council favorably. Councilmember Oliver Davis seconded and all affirmed.
There being no other business to come before the committee at this time, Vice-
Chairperson White adjourned the meeting at 4:23 p.m.
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Personnel and Finance Committee