05/11/2010 Finance CommitteeFINANCE COMMITTEE MEETING MINUTES
May 11, 2010
6:00 PM
Present: Councilmember Bernheim
Councilmember Plunkett
Staff: Lorenzo Hines Jr., Director, Finance and Information Services
Public: Ron Wambolt
Natalie Shippen
Don Hall
Roger Hertrich
Councilmember Plunkett called the meeting to order at 6:00 PM.
A. 2009 Annual Budget Review. (15 Mina
Lorenzo Hines, Director, Finance and Information Services, presented both the Year -End
2009 and 1st Quarter 2010 budget reports and answered questions on same. For
information only, no further action required.
B. Discussion and potential action regarding levy. (30 Mina
Councilmember Plunkett indicated that the discussion regarding a potential levy was held
at the May 3, 2010 Finance Committee meeting and recommendations will be taken forth
to the full council.
C. Revision to City's Water Leakage Policy. (S Mina
Lorenzo Hines presented a revision to the City's current Water Leakage policy and
answered questions on same. Councilmember Plunkett requested legal clarification
regarding the delineation of responsibly between the City and the homeowner in regards
to underground pipes/plumbing which supply water to residential and commercial
structures. Mr. Hines indicated he would research the issue and return to the committee
next month. Issue held in committee.
D. General Fund update for April 2010
Lorenzo Hines, Director, Finance and Information Services, presented revenue and
expenditure trends for the General Fund and current forecasts for the City's major
revenue sources. For information only, no further action required.
E. Public Comments (3-minute limit per person)
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The following individual comments were made; Ron Wambolt on levy and REET funds,
Don Hall on perceptions of labor costs, Roger Hertrich on REET debt service and storm
water taxes
Adjournment -The meeting was adjourned at 6:55 PM.
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