08-17-05 Personnel & Finance - Laserfiche WebLink

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Council Member Kelly thanked everyone for their information on Internal Services Funds and then called for a presentation on the Century Center. Century Center Fund#670 2006 Revenue $3,099,035 2006 Increase $ 27,982 0.9% 2006 Expenditures $3,070,617 2006 Decrease -$ 113,654 -3.6% Anthony Douglas, President of the Century Center Board of Managers; Brian Hedman, Executive Director of the Century Center; and Tom Davis, Director of Finance made the presentation. They noted that this has been the hardest budget to prepare and they continue to crunch numbers. They struggled with salaries and benefits and eliminated some positions- one full-time and "slashed deep" into the personnel part-time help. They are in challenging times and are continuing discussions with the CFHF and matching fees and expenses. They are in desperate need of capital monies for carpeting, the boiler system, etc., and the Century Center Board of Managers will vote on August 24th. In response to questions from Dr. Varner, it was noted that $121,000 was cut from part-time personnel which include several highly skilled employees. A"fresh look"must be given in order to remain competitive such as purchasing 300 new quality stacking chairs,etc. It was also noted that they have looked at sponsorships in the past which resulted in the Bendix Theatre. Mr. Hedman noted that on November 1, 2005 there will be a 28th anniversary celebration of the Century Center entitled"Celebration of Vision",noting that the Century Center opened in 1977. Council Member Kelly thanked Brian,Anthony and Tom for their service and their presentations and then adjourned the meeting at 6:00 p.m. Res 1 ` ubmti ed, Council Member Roland Kelly,Chairperson Personnel and Finance Committee KCF:kmf Attachments August 17,2005 Personnel and Finance Committee Meeing Minutes -page 4-