October 18th, 2010
Attendees: Joe Maurer, Chair, Wendy Gillund, Committee, Bernice Schreiber, Fiscal Officer, Joe Hudson, Council, George Skipper, Council, John Bourisseau, Council, Mark Ross, Resident, Sheryl Nola, Resident, Chief Pitts
Meeting Called to Order at 7:00PM
Review of Accounts Payable
Discussion of various items on the list with satisfactory answers to all questions.
Payables were approved by the Finance Committee for submission to Council. There was one follow item on which we needed more information.
Review of September Financial Statements
The Financial Statement review indicates that revenues for the first nine months were lower than the budgeted amount, the reason being significantly lower RITA revenues. At this point we are forecasting a deficit for the year.
Other Discussion Items
We have continued work on the budget and will be prepared to submit a balanced budget for 2011 at the November meeting.
Council members emphasized the need for additional diligence and approval for any unusual expenditures for the remainder of the year.
We discussed Ordinance 2010-44 amending the Budget for Fiscal 2010.
We discussed Ordinances 2010-45,46,47 regarding change orders..
Meeting adjourned at 8:30PM
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