MARCH 20, 2008
2008-2009 BUDGET HEARING
The 2008-2009 Budget Hearing was called
to order at 6:30 p.m. Board members
present were Lynn Houtari, Jim Saur,
MINUTES OF THE 2007-2008 BUDGET MEETING: The minutes of the 2007-2008 hearing were read without correction.
The current budget for 2007-2008 will be carried forward for 2008-2009 with minor exception. Revenue will decline in the liquor fund with the closing of the Harp and Jakes Bars. Increase cost in electricity, garbage, assessor training, audit fees are reflected in the new budget. Revenue sharing monies are estimates to remain close to previous years. Approx. Increase in tax revenue collections is $10,000.00.
Revenue from investments has resulted in an additional est. increase of $2000.00 for the current fiscal year.
The 2007-2008 columns have been retained for comparison.
Salaries and expense rates are to remain as per 2007-2008 rates. This applies to the board of review.
Millage rates are not to be considered for increase or renewal until 2009.
Current fund balance is $200,000.00
Monies related to the restroom renovation and the roof replacement are provided for in
The 2008-2009 line item or general fund monies.
Motion to approve the 2008-2009 budgets Saur/Houtari all voted aye: Saur, Maki, Houtari all voted aye. Copy attached
Motion to adjourn: Houtari/Maki all voted aye.
__________________________ __________________________________
Robert L. Sibilsky, Clerk