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FCM.2022.10.25 FINALAPPROVED CITY OF MUSKEGO FINANCE COMMITTEE MINUTES October 25, 2022 5:50 PM Muskego City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Petfalski called the meeting to order at 5:50 p.m. PLEDGE OF ALLEGIANCE Those present recited the Pledge of Allegiance. ROLL CALL 4C4 of PSKEGO Present: Alderpersons Wolfe, Hammel, and Kubacki. Also present: Alderpersons Terrence, Schroeder, and Madden; Public Works and Development Director Kroeger; Finance and Administration Director Mueller, Assistant Finance and Admin. Dir. Mustapich, and Assistant Deputy Clerk -Treasurer Crisp. PUBLIC MEETING NOTICE Assistant Deputy Clerk -Treasurer Crisp stated that the meeting was noticed in accordance with the open meeting law. APPROVAL OF MINUTES None. NEW BUSINESS Recommend Approval of Amendment to the Municipal Ordinance Deposit and Forfeiture Schedule Regarding Use of Cigarettes, Nicotine, Tobacco, and Vapor Products Alderperson Kubacki moved to recommend approval. Alderperson Hammel seconded; motion carried. Recommend Approval of Dedication of Public Improvements for MK/S-EP, LLC (Mallard Reserve) Alderperson Hammel moved to recommend approval. Alderperson Kubacki seconded; motion carried. Recommend Approval for a Letter of Intent to Purchase a Vactor Truck (2023 Capital Item) Alderperson Wolfe moved to recommend approval. Alderperson Hammel seconded; motion carried. Recommend Approval of Letter of Credit Reduction for MK/S-EP, LLC Finance Committee Meeting Minutes — 10/25/22 Page 12 Alderperson Kubacki moved to recommend approval. Alderperson Wolfe seconded; motion carried. VOUCHER APPROVAL Alderperson Kubacki moved to recommend approval of Utility Vouchers in the amount of $424,059.85. Alderperson Wolfe seconded; motion carried. Alderperson Kubacki moved to recommend approval of General Fund Vouchers in the amount of $510,178.68. Alderperson Wolfe seconded; motion carried. Alderperson Kubacki moved to recommend approval of Wire Transfers for Payroll/Invoice Transmittals in the amount of $369,059.25. Alderperson Hammel seconded; motion carried. FINANCE DIRECTOR'S REPORT Quarterly Report — Ms. Mustapich noted a friendly reminder of the polling place changes for the upcoming election on November 8: District 1 — LakePoint Church, District 2 — Muskego Public Library, Districts 3 & 5 — Fox River Christian Church, and Districts 4, 6 & 7 will be at Muskego City Hall. For the 3rd Quarter, the rise in interest rates should increase revenues by at least $100,000 and the general operating budget results are still on target due to the increase in property taxes, collection of licenses and permits, and short-term interest rates that were just noted. COMMUNICATIONS AND ANY OTHER BUSINESS AS AUTHORIZED BY LAW None. ADJOURNMENT Alderperson Wolfe moved to adjourn at 5:56 p.m. Alderperson Kubacki seconded; motion carried. Minutes taken and transcribed by Assistant Deputy Clerk -Treasurer Crisp.