City of Chillicothe Finance Committee met Aug. 10.
Here are the minutes provided by the committee:
The finance committee met on August 10, 2022, at 4:30 p.m., in the council chambers at City Hall. Present: Chairman Vanbruwaene, Alderperson Sharp, Alderperson Braun, Mayor Hughes, Office Manager Passage
Chairman Vanbruwaene called the meeting to order 4:30 p.m.
PUBLIC COMMENT
No public comment
PURPOSE
1st Quarter Budget Review 22-23 – Office Manager Passage presented the 1st Quarter Budget review. A discussion was held regarding the revenue. Revenue to start the year was better than expected. Video Gaming revenue was less for the first quarter comparing to last years first quarter. Entertainment tax was less that what we anticipated in the budget. Other revenue has come in steady. Expenses came in as expected. Few projects were brought forward and those that have were not expensed in this quarter. Overview of the 1st Quarter Budget report was held. The 1st quarter budget report will be placed in the council packet for the August 22 council meeting.
2022 Tax Levy – Office Manager Passage reported that the tax levy is the next ordinance that will need to be passed. It could not be passed until after the effective date of the appropriation ordinance, which has been completed. This ordinance must be filed with the county clerk on or before the last Tuesday in December. It may be increased 4.9% without a truth and taxation hearing. The city uses the increase in the tax levy to fund the police pension. As you may remember, last year we set the tax levy without knowing the amount necessary for police pension, therefore the city had to move money from General fund to make up the difference. This year we should increase the police pension by the amount we were short and then increase it for the additional amount necessary for the levy. We hope to have that information by October.
Update City Hall Renovation Project – Chairman Vanbruwaene present information that he received from Keach Architect regarding options of floor plans they proposed for said project. A review of the information was held and no decision or recommendation was made. (Attached) Chairman Vanbruwaene stated that this topic will be on the next finance meeting.
New Business – Chairman Vanbruwaene stated that there was no new business
OLD BUSINESS
Property -817 Sixth – nothing
GFL Environment – Garbage – nothing
Water Rate Analysis – Increase in the Fee from $5.00 to $10.00 will be billed in August. The rate collected and set aside in the Improvement & Extension Account will be altered to reflect the increase is placed into the Improvement & Extension Account.
SUMMARY
Council Agenda items – Nothing
Chairperson Actions – Nothing
There being no further business the meeting adjourned at 6:08 p.m.
https://cms9files.revize.com/chillicothe/08.10.22%20finance%20mins.pdf
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