05-26-09 Personnel and Finance Committee (2)

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J? it ~.~ .-.. ~"~~. PERSONNEL AND FINANCE COMMITTEE MAY 11, 2009 Committee Members Present: Tom LaFountain, Chairperson; Karen White, Vice- Chairperson David Varner Other Council Members Present: AI "Buddy" Kirsits; Ann Puzzello; Henry Davis Others Present: Mayor Luecke; Catherine Fanello; Dennis Andres, Tom Price; Phil St. Clair; Gary Gilot; Gary Libbey; Mikki Dobski; Jeff Gibney; Don Inks; Beth Leonard; Mike Divita Agenda: Bill No. 24-09 -Reduce Budget Appropriation for'09 in General Fund and Parks Fund Bill No. 31-09 -Reduce '09 Appropriation in MVH Fund Bill No. 32-09 - Reduce'09 Appropriation in Community and Economic Development Fund Bill No. 33-09 -Appropriation from General Fund, COIT Fund, MVH Fund Bill No. 34-09 -Appropriation Various Funds Chairperson LaFountain allowed Mayor Luecke to make brief introductory remarks before City Controller Fanello's presentation. Fanello asked and the committee allowed a combined presentation of all 5 bills as each pertained to the administrations efforts to reduce and reshuffle the '09 budget. These actions were all deemed necessary in light of lower revenue projections due to HEA 1001-08 limiting residential property taxes to 1.5% of assessed value in '08 pay'09 and 1% in'09 pay'10. Early estimates project an $8-10 million loss of revenue in '09 and nearly double that in '10. To display and describe the budget adjustments to date Fanello provided two handouts (see attachment) which outlined the cuts and transfers. Personnel cuts in several departments were also addressed. After a brief question and answer session Fanello asked the committee to accept for public hearing substitute bills, each with minor adjustments. Councilmember White moved to accept. Councilmember Varner seconded. All affirmed.