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COWM20090526 COMMITTEE OF THE WHOLE – CITY OF MUSKEGO approved 6/23/2009 MINUTES OF MEETING HELD TUESDAY, MAY 26, 2009 Mayor Johnson called the meeting to order at 6:15 p.m. and led those present in the Pledge of Allegiance. ROLL CALL Mayor Johnson, Ald. Snead, Harenda, Borgman, Werner, Schneider, Schaumberg, Fiedler, and Clerk Treasurer Moyer. Also present Finance Director, Mueller. STATEMENT OF PUBLIC NOTICE Clerk Treasurer Moyer stated that the meeting had been noticed in accordance with the Open Meeting Law. APPROVAL OF AGENDA There were no issues with the agenda. APPROVAL OF MINUTES Ald. Borgman moved to approve minutes, of the May 12, 2009 meeting. Ald. Fiedler seconded; motion carried. NEW BUSINESS 1. Discussion regarding the City’s investment program. Clerk Treasurer Moyer stated that she had met with Mayor Johnson and Finance Director Mueller on several occasions with representatives of the Public Finance Specialists (PMA) who manage the Wisconsin Investment Series Cooperative (WISC), BBE Community Investment Partners (BBE) and the Certificate of Deposit Account Registry Service (CDARS). (Please see the memo that Clerk Treasurer Moyer had distributed at the meeting.) After researching these companies, the recommendation would be to participate in WISC. Mayor Johnson stated that he wanted to maximize the City’s money and get the most percentage of interest on our investments. 2. Discussion regarding the 2009 budget changes and 2010 budget projected alternatives. Mayor Johnson referred to his memo (dated May 26, 2009) and the timetable for the 2010 budget process that was distributed along with the agenda. He wants to propose making a change to the 2009 budget by changing some of the expenditure items 1-Take $100,000 out of the road program and 2- do not fill the Assistant Library Director position. For the 2010 budget there are four variations in the tax levy. Mayor is asking the council members to think about it and get some feedback from the citizens on what they are comfortable with. Ald. Fiedler said that he was uncomfortable with the reducing of the road program monies to cover service costs that will only continue to increase with time. Ald. Snead wanted to know if the Assistant Library Director position needed to be filled. Ald. Borgman who is the Alderman on the Library board indicated that the classified ad for the Library position is scheduled to run in the Journal/Sentinel the first weekend in June. Ald. Werner indicated that these issues would need to be thought about carefully and possibly other ideas to cut costs could be presented. Mayor indicated that the recommendations presented regarding the 2009 budget Committee of the Whole Page 2 should be addressed now for planning purposes. Ald. Werner suggested checking with the Library Board on postponing the filling of the Assistant Library Director position until January 1, 2010. MISCELLANEOUS BUSINESS Mayor Johnson indicated that some changes have been made to the 2010 budget timetable to include additional meetings in August. He did not have anything for the June th 9 COW and stated that he would be on vacation during that time. A COW meeting will thth not be held on June 9. Reminder of the June 25 Fire Station Tour beginning at 6:30 p.m. at Station 4 on Racine Avenue. ADJOURNMENT Ald. Snead moved to adjourn at 7:15 p.m. Seconded by Ald. Fiedler, motion carried unanimously. Claire Lederhaus Executive Assistant