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FINANCE COMMITTEE Minutes - 7/28/2015 Approved CITY OF MUSKEGO FINANCE COMMITTEE MINUTES July 28, 2015 5:45 PM City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Chiaverotti called the meeting to order at 5:45 p.m. PLEDGE OF ALLEGIANCE Those present recited the Pledge of Allegiance. ROLL CALL Present: Committee Members Aldermen Borgman, Kubacki and Madden. Also present: Finance and Administration Director Mueller, Director of Public Works/City Engineer Simpson, and Deputy Clerk Blenski. PUBLIC MEETING NOTICE The Deputy Clerk stated that the meeting was properly noticed. APPROVAL OF MINUTES - July 14, 2015 Alderman Kubacki made a motion to approve the July 14, 2015. Alderman Madden seconded. Motion Passed 3 in favor. LICENSE APPROVALS Recommend Approval of Operator Licenses Alderman Borgman made a motion to recommend approval of Operator Licenses for Katrina Bartz, Jeffrey Bauman, Darci Bazan, Brooke Berthelsen, Angeline Livingston, Michael Malison, Rita Michels, Katrina Stock, Laura Uhan and Judith Younk. Alderman Kubacki seconded. Motion Passed 3 in favor. 2014 AUDIT PRESENTATION Ms. Vicki Hellenbrand of Baker Tilly Virchow Krause was present to review the highlights of the City's 2014 financial statements and 2015 audit. She complimented staff for the day-to-day accounting tasks performed, and noted that adjusting audit entries were not required, which is uncommon as compared to other organizations. Ms. Hellenbrand reviewed the "City of Muskego Report to the Mayor and Common Council." She noted that taxes have only increased 2.2% since 2010 and 2014 expenditures were actually lower than those in 2010. Regarding the Water Utility, Ms. Hellenbrand stated rates will have to be reviewed during the upcoming budget process. The Utility has zero unrestricted cash flow and Finance Committee Minutes 2 July 28, 2015 owes $285,000 to the Sewer Utility. The Sewer Utility is in a very favorable financial position. Mayor Chiaverotti thanked Ms. Hellenbrand for the presentation. She acknowledged the outstanding performance of Finance and Administration Director Mueller regarding the audit process and preparation of the financial statements. NEW BUSINESS Recommend Purchase of Lot 98 of Belle Chasse Addition No. 2 Mr. Simpson proposes that the City purchase Lot #98 in the Belle Chasse Addition #2 Subdivision for a future well. The purchase price of the site is $108,900, which was budgeted. The City Attorney has reviewed the Offer to Purchase. Alderman Kubacki made a motion to recommend the purchase. Alderman Borgman seconded. Motion Passed 3 in favor. Recommend Dedication and Acceptance of Improvements for Belle Chasse Addition #3 Subdivision Alderman Borgman made a motion to recommend the dedication and acceptance of improvements. Alderman Madden seconded. Motion Passed 3 in favor. VOUCHER APPROVAL Utility Vouchers Alderman Borgman made a motion to recommend approval of Utility Vouchers in the amount of $17,342.89. Alderman Kubacki seconded. Motion Passed 3 in favor. Tax Vouchers Alderman Borgman made a motion to recommend approval of Tax Vouchers in the amount of $25,204.48. Alderman Madden seconded. Motion Passed 3 in favor. General Fund Vouchers Alderman Borgman made a motion to recommend approval of General Fund Vouchers in the amount of $365,990.32. Alderman Kubacki seconded. Motion Passed 3 in favor. Wire Transfers for Payroll/Invoice Transmittals Alderman Borgman made a motion to recommend approval of Wire Transfers for Payroll/Invoice Transmittals in the amount of $337,786.77. Alderman Madden seconded. Finance Committee Minutes 3 July 28, 2015 Motion Passed 3 in favor. ADJOURNMENT Alderman Kubacki made a motion to adjourn at 6:09 p.m. Alderman Madden seconded. Motion Passed 3 in favor. Minutes taken and transcribed by Jill Blenski, Deputy Clerk.