Village of Freeburg Finance Committee met April 26.
Here is the minutes provided by the Committee:
Chairman Ray Matchett officially called the meeting of the Finance Committee to order at 6:40 p.m. on Wednesday, April 26, 2017. Those in attendance were Chairman Ray Matchett, Trustee Denise Albers, Trustee Lisa Meehling, Trustee Matt Trout, Mayor Seth Speiser (absent), Treasurer Bryan Vogel (absent), Trustee Mike Blaies, Trustee Dean Pruett, Village Clerk Jerry Menard, Public Works Director John Tolan, Village Administrator Tony Funderburg and Office Manager Julie Polson. Guest present: Janet Baechle, Scott Hamann.
A. Review of Board Lists: Radio read meters - Public Works Director John Tolan Said he purchased an additional 150. At the end of this budget, he will be close to being done. Inspired Associates - Our Wellness program, we pay that but then pay less taxes.
B. Review of Investments: Julie advised the investment list has been updated. Village Administrator Tony Funderburg said the 3-to-5 year plan has not. He will get that done and it will be added to next month's agenda.
C. Income Statement: Tony stated he made a mistake in the water medical health insurance fund. He put $4,200 instead of $42,OOO. He will address this in the appropriation ordinance. He stated we do have three water lines in this budget and are hoping to get two done. That will free up some of the money in the Water budget.
D. Treasurers Report: None.
E Old Business:
1. Approval of March 29, 2017 Minutes. Trustee Lisa Meehing motioned to approve the March 29, 2017 minutes and Trustee Matt Trout seconded the motion. All voting yea, the motion carried.
2. Attorney Invoices: Reviewed by the committee.
3. Newsletter: We are looking for July - September information.
E. New Business:
1. Two New Trucks for Public Works: Tony Said We actually have three trucks that are all over 25 years old and need to be replaced. State bid pricing ends on April 3oth. They want to buy two of the Ford 25Os's and one F350 diesel. They have included the bed liner and undercoating for all vehicles. The diesel should lastavery longtime and is big enough to pull the trencher and mower. The three truckS We are replacing are from 1983, 1993 and 1999. Tony advised we have $21,500 in this year's budget So we would finance 73,899 and pay $38, ooo per year in the next two budgets. We have been working to get the older vehicles replaced, and also maintaining the fleet. Trustee Albers asked if we can check on the smaller trucks to see what the 2-wheel drive cost would be. Tony will also verify that we have until May 20th to order as stated on the proposal.
Trustee Matt Trout motioned to recommend to the full Board the purchase of a 2017 Ford F35O Regular Cab at a state bid price of $45,971 and the purchase of tuo F-25O Regular Cabs pending the price information from Administrator Funderburg and financing the three vehicles for three years and Trustee Lisa Meehling seconded the motion. All voting yea, the motion carried.
G. Public Participation: Janet asked about the extra equipment on the vehicles. Tony said those features are safety related for both the employees and residents,
H. Adjourn: Trustee Matt Trout motioned to adjourn the meeting at 7:O2 p.m. and Trustee Lisa Meehling seconded the motion. All voting yea, the motion carried.
http://www.freeburg.com/vertical/Sites/%7BBF1EBCED-BB68-4781-96B4-C004E1B2B4B6%7D/uploads/Finance_Minutes_April_26_2017.pdf
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