Finance Committee

August 18th, 2008

Meeting Minutes

 

Attendees: Joe Maurer, Chair, Joe Hudson,Committee, Bernice Schreiber,Finance Mgr., George Skipper, Council, Wendy Gillund, Council

Dan Tomalin, Clerk/Treasurer

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 Approved.

Review of July Financial Statements.

Discussed various items and received satisfactory answers

Conclusion of Financial Statement review is that overall we are showing positive comparisons of actual to budget. This is primarily due to RITA revenues being in excess of the YTD budget. Because of the nature of the revenues and the manner in which the revenues are received we can not conclude that this trend will be maintained for the entire year.

Other Discussion Items

Backup and Recovery program is working. Bernice wrote a procedure which we will adopt at council.

Discussion of procedures for developer/contractor bonds. No real system is in place at the present. George Skipper as council representative on Planning and Zoning will address the issue at council and follow up on. Several old outstanding items need to be followed up on

The revised investment policy is ready for adoption at council.

Discussion of Waste Management contract which comes up for renewal by year end.

Discussion of Pay Ordinance which is due for passage by the end of the year.

Approval for Bernice to attend Ohio Treasurer's seminar in October.

Meeting adjourned at 8:30PM

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