Village of Freeburg Finance Committee met Wednesday, May 25.
The Finance Committee focuses on finance and economic development related topics, and meets at 6 p.m. on the second Wednesday after the second board meeting of the month at Village Hall.
Here are the minutes as provided by Freeburg:
Finance Committee Meeting
(Finance/Industrial Pork/Economic Development/Budget)
Chairman Roy Matchett officially called the meeting of the Finance Committee to order of 6:23 p.m. on Wednesday, May 25, 2016. Those in attendance were Chairperson Roy Matchett, Trustee Denise Albers, Trustee Lisa Meehling, Trustee Matt Trout, Mayor Seth Speiser, Treasurer Bryan Vogel, Trustee Mike Blaies, Trustee Dean Pruett, Village Clerk Jerry Menard (absent), Public Works Director John Tolon, Village Administrator Tony Funderburg, Finance Clerk Debbie Pierce and Office Monager Julie Polson. Guests present: Chief Stan Donald, Janet Baecle and Stan Koerber.
A. REVIEW OF BOARD LISTS: The Bodro Lists were reviewed by the committee. Trustee Matohett asked about the police training, $600, and Finance Clerk Debbie Pierce advised that is done for the whole department; Trustee Trout questioned Royal Oak Retriever, and Julie advised thaf is the cardboard/paper recycling.
B. REVIEW OF INVESTMENTS: Treasurer Vogel advised we have one CD coming due in October. He further stated we have o significant amount coming due in March of 2017 which would hove d significant impact on the budget. He does not see any significant changes in the rotes.
C. INCOME STATEMENT: No questions.
D. TREASURER'S REPORT: Treasurer Vogel has nothing new to report.
OLD BUSINESS: 1. Approval of April 25, 2016 Minutes: Trustee Lisa Meehing motioned to approve the April 25, 2016 minutes and Trustee Mott Trout seconded the motion. All voting yea, the motion carried.
E. OLD BUSINESS:
1. Approval of the April 25, 2016 Minutes: Trustee Lisa Meehling motioned to approve the April 25, 2016 minutes and Trustee Matt Trout seconded the motion. All voting yea, the motion carried
2. Attorney Invoices: The attorney invoice was reviewed. Administrator Funderburg confirmed Attorney Zurliene has taken on more work for us.
3. Sign of Industrial Park: Public Works Director John Tolon advised Jerry is working on the lettering for the businesses. Tony Stated it is d little bit darker grey which will last longer. The sign is d good fit for now, but we may make o little bigger one in the future. The businesses are listed by address.
4. Newsletter: We are working on it. We may ddd rules of the recycling center to the newsletter. We have a big problem with residents entering the recycling center while the dumpsters are being emptied. Trustee Blaies asked if we could put safety cones in front of the gate to prevent people from coming in.
F. NEW BUSINESS:
1. Pool Equipment/New Slide: Administrator Funderburg said the slide we approved did not fit the area, the ladder wasn't good, and it created a safety concern because the children would come out by the deep end. We found d new slide shot will cost $30,000 but works better for us. It will be installed on the other side of the pool, comes out flat so only need 3 feet instead of 4, and it won't interfere with the swim team. There is a gate of the fop of the slide which is a great safety feature. The installation will be very easy and we won't have to bore. The slide uses filtered pool water, and the state has confirmed they will approve this slide. It should be in around July 4th. John thinks we should be able to get it installed in one mornig.
Trustee Lisa Meehling motioned to recommend to the full board the purchase of a new pool slide at a cost of $27,964.00 to be financed over two years and Trustee Mott Trout seconded the motion. All voting yea, the motion carried.
2. Appropriation Ordinance: Administrator Funderburg stated this is our annual, appropriation which is the most important financial thing we do. We always increase the budget by 40% to come up with the appropriation numbers. There were a couple areas with issues that come up where more was appropriated to protect us.
Trustee Mott Trout motioned to recommend to the full Board Ordinance # 1595, An Ordinance Specifying Appropriation Procedure for approval and Trustee Lisa Meehling seconded the motion. All voting yea, the motion carried.
3. Property Taxes: Administrator Funderburg stated the House of Representatives had proposed all property taxes to be frozen. Tony said the Senate was to call it 5/27. Now, they don't see if passing because they want to see a time limit. Tony believes we are prepared for this.
G. PUBLIC PARTICIPATION: None.
?. ADJOURN: Trustee Matt Trout motioned to adjourn the meeting of 6:45 p.m. and Trustee Lisa Meehling seconded the motion. All voting yea, the motion carried.
Julie Polson
Office Manager
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