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HomeMy WebLinkAbout06-17-08 Personnel & FinancePERSONNEL & FINANCE JUNE 17. 2008 Committee Members Present: Councilmember Tom LaFountain, Chairperson, Councilmember David Varner, Vice-Chairperson Others Present: Councilmember Ann Puzzello, Councilmember Henry Davis, Councilmember Karen L. White, Mayor Stephen J. Luecke, Catherine Fannello, Kathleen Cekanski-Farrand, John Voorde Councilmember Tom LaFountain, Chairperson, Personnel & Finance Committee called the meeting to order at 5:35 p.m., and stated that the purpose of the meeting was t allow City Controller Catherine Fanello the opportunity to make a presentation titled "Enhanced Budget 101." The focus of the presentation was to be on the municipal budgetary process changes resulting from the passage of HEA 1001, the summary of the Umbaugh Report on the circuit breaker impact on the City of South Bend. A 35 slide power point presentation (copy attached) by C. Fanello made up the essence of the presentation. Outlined were the main sources of revenue for the city and the expenditures by type. Joining the controller to speak of possible contingency plans to deal with shrinking revenue was the Mayor. He spoke to working with department heads to assure efficiency of operations in 2009. Longer term approached include asking the state legislature for additional funding options such as the ability to impose a food & beverage tax or to raise the hotel-motel fax. Expanding the tax base to increase overall assessed value as well as creating jobs subject of course to income tax are seen as continuing long range efforts as well. In a brief question and answer opportunity for the Council following the presentation several Councilmember's asked questions. Councilmember Varner, in particular, asked for clarification of funds available considering "circuit breaker." He also suggested exploring additional revenue sources. Councilmember Karen White asked about possible use of the "rainy day fund." She also urged exploration of new funding sources. Councilmember Tom LaFountain thanked the Mayor and Controller for the presentation. There being no further business to come before the committee, Chairperson Tom LaFountain, adjourned the meeting at 6:35 p.m. Respe y S mitte om aF tain, Chairperson Personnel & Finance Committee