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HomeMy WebLinkAbout05-23-05 Personnel & Finance z � Personnel and Finance Committee 2005 South Bend Common Council The May 23, 2005 meeting of the Personnel and Finance Committee was called to order by its Chairperson, Council Member Roland Kelly at 3:46 p.m. in the Council Informal Meeting Room. Persons in attendance included Council Members Dieter, Pfeifer, Puzzello, Kelly, Varner, Kuspa, White and Rouse; Citizen Member Martha Lewis, Charlotte Sobel, Rita Kopala, City Controller M. Catherine Fanello, Brad Poulan, Executive Director of the Department of Community and Economic Development Sharon Kendall, City Clerk John Voorde and Kathleen Cekanski-Farrand, Council Attorney. Council Member Kelly noted that the Committee Members present included Council Members Varner,Kuspa, and himself as Chairperson. Council Member Kelly then called for a presentation on Bill No. 29-05 which would amend Chapter 2, Article 14 of the South Bend Municipal Code by adding new Section 2-170.8 addressing a property levy excess fund(copy attached). City Controller M. Catherine Fanello made the presentation. She stated that this is required by Indiana Code 6-1.1-18.5-17. Because the city has received excess tax distribution the creation of the fund is necessary. The fund will be the repository for taxes collected in any calendar year that exceed the ad valorem property tax levy which would have been approved by the local government finance. She noted that Mishawaka is in the same situation. Monies will be transferred into the fund and then transferred to the respective funds. Council Member Kelly inquired how much money would be affected. Ms. Fanello passed out a 1-page handout which showed that in 2003 the city received $800,624 and in 2004 the city received $728,199 in excess levy funds. She noted that this will have the effect of reducing the budget. In response to a question from Dr. Varner, Ms. Fanello stated that this has never happened before and is new to most cities. It resulted from the delay in tax distributions and a recovery of more delinquent tax payments. 102% of the certified levy used to be certified now the maximum is 100%. Council Member Kuspa made a motion, seconded by Dr. Varner that Bill No. 29-05 be recommended favorably to Council. The motion passed. There being no further business to come before the Personnel and Finance Committee, Council Member Kelly adjourned the meeting at 3:24 p.m. Council Member Roland Kelly,Chairperson Personnel and Finance Committee KCF:kmf Attachments May 23,2005 Personnel and Finance Committee Meting Minutes -page I-