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FINANCE COMMITTEE Minutes - 5/26/2015 Approved CITY OF MUSKEGO FINANCE COMMITTEE MINUTES May 26, 2015 6:00 PM City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Chiaverotti called the meeting to order at 6:00 pm. PLEDGE OF ALLEGIANCE Those present recited the Pledge of Allegiance. ROLL CALL Present: Committee Members Aldermen Borgman, Kubacki and Madden. Also present: Alderman Engelhardt, Community Development Director Muenkel and Finance & Administration Director Mueller. PUBLIC MEETING NOTICE Ms. Mueller stated that the meeting was properly noticed. APPROVAL OF MINUTES - May 12, 2015 Alderman Kubacki made a motion to approve the May 12, 2015 minutes. Alderman Borgman seconded. Motion Passed 3 in favor. LICENSE APPROVALS Recommend Approval of Operator Licenses Alderman Borgman made a motion to recommend approval of Operator's Licenses for Jacquelynne Barret, Rebecca Bingham, Jane Blakeslee, Lee Christenson, Maggie Ewert, Jennifer Geske, Diane Jackson, Adam Jankowski, Katy Nicholson, Debra Nuetzel, Jennifer Obermeyer, Connie Pfaff, Kathleen Rynders, Christine Satterstrom, Gary Schmutzer, Judith Semrad, Simranjeet Singh, Dawn Sobbe, Sarah Thies, Bailey Welch and Tami Wright. Alderman Madden seconded. Motion Passed 3 in favor. Recommend Approval of Outside Dance Permit and Amendment to Licensed Premise for Michelle Gonzales d/b/a Twisted Cork, S74 W16832 Janesville Road on June 5 and August 7 - Music from 5:00 pm to 10:00 pm/Outside Premise from 5:00 pm to Midnight Alderman Borgman made a motion to recommend approval of an Outside Dance Permit and an Amendment to the Licensed Premise changing the time from midnight to 11:00 pm. Alderman Madden seconded. Motion Passed 3 in favor. Finance Committee Minutes 2 May 26, 2015 NEW BUSINESS Recommendation Regarding Election Equipment Contract Governmental Agreement Alderman Kubacki made a motion to recommend approval. Alderman Borgman seconded. Motion Passed 3 in favor. Recommendation to Amend the Fund Balance and Annual General Fund Budgeted Contingency Policy Alderman Borgman made a motion to recommend approval. Alderman Kubacki seconded. Motion Passed 3 in favor. Recommendation to Designate Official City Newspaper Alderman Kubacki made a motion to recommend that the "Muskego Now" be designated the official City newspaper. Alderman Borgman seconded. Motion Passed 3 in favor. Recommendation Regarding Subdivider's Agreement for Aster Hills Alderman Kubacki made a motion to recommend approval. 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 $33,508.33. Alderman Madden seconded. Motion Passed 3 in favor. Tax Vouchers Alderman Borgman made a motion to recommend approval of Tax Vouchers in the amount of $3,670.02. Alderman Kubacki 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 $199,541.60. Alderman Madden seconded. Motion Passed 3 in favor. Finance Committee Minutes 3 May 26, 2015 Wire Transfers for Debt Service Alderman Borgman made a motion to recommend approval of Wire Transfers for Debt Service in the amount of $665,700.00. 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 $314,244.28. Alderman Madden seconded. Motion Passed 3 in favor. FINANCE DIRECTOR’S REPORT - 2014 Final and 2015 First Quarter Results Ms. Mueller stated that the General Operating Fund has maintained a very healthy fund balance for the fiscal year ending in 2014, which can be contributed to various position vacancies, a significant increase in building inspection fees and additional investment income recognized. The only fund under-performing is the water utility which resulted from rainy weather conditions and costly service repairs in 2014. Significant loss required the water utility to temporarily borrow $285,000 cash from the sewer utility to allow for an unrestricted cash balance of zero versus a negative amount. ADJOURNMENT Alderman Borgman made a motion to adjourn at 6:17 pm. Alderman Kubacki seconded. Motion Passed 3 in favor. Minutes transcribed by Kim Chavie, Assistant Deputy Clerk