Finance Committee

Finance Committee December 4, 2025, 5:00 PM Council Chambers 120 N. Main Street Page 1. ROLL CALL 2. APPROVAL OF MINUTES A. Approval of the November 6, 2025 meeting minutes Bethel Village Finance Committee November 6, 2025 CALL TO ORDER Upon roll call, the following members were counted as present: Ms. Ross, Ms. Woodward, Ms. Thompson, Village Administrator Holly Isaacs, Fiscal Officer Jayme Eldridge, and Chief of Police Essert. APPROVAL OF MINUTES Ms. Ross made a motion to approve the minutes of September 29, 2025, seconded by Ms. Thompson. By roll: “yea” - Ms. Ross Ms. Thompson and Ms. Woodward Motion carried FISCAL OFFICER Monthly Reports This time of year, we should be at 83% on revenue and expenditure. Revenue: General Fund: Local government is 13% above budget; beer and liquor permits have tripled; Rollback from real estate taxes is 5% over budget; overall, general fund is 4% over budget in revenue; Street Fund is 1% over budget; Permissive Fund is 5% over budget; Court Computer fund is about 41% over budget; Police Operating Fund; municipal income tax is 13% over budget, averaging $54,978 per month for the last 10 months; estimate at $660,000 for 2025; Page 1 of 3 Overall Police is 4% over budget; Water Operating Fund; Consumer rent is 3% over budget, overall, water operating is 3% over budget; Electric Operating Fund, Consumer rent is 8% over budget; overall electric operating is 9% over budget; overall funds, they are about 6% over budgeted revenue. Appropriations: General Fund is 13% under budget on expenditures; Street fund is 17% under budget; Police Pension fund is still well under budget, which will see a decrease since it is being used at the end of the year; Police Operating: Repair and Maintenance is about 8% over budget; overall, the police operating is 15% under their budgeted expenditures; Water Operating, consumer rent is only up about 1%; overall the water operating is up about 5%; Electric Operating Fund; consumer rent is 5% under budget, overall, electric operating fund is 7% under budget; overall, on all the fund we are currently 14% over budget; Cash Summary by Fund: General Fund is up $38,000; Police operating is down $28,000; Water Operating is up $27,000; Electric Operating is up $11,000; Overall all funds are up $117000. Discussion on Trash Fund: We are at 83% on revenue and expenditure: Rumpke contract was negotiated; new rate to residents will be presented to Council with a $4.00 per month increase which will last for the duration of the Rumpke contract in 2030; We have a two-month cushion in the trash fund. Have made changes to the 2026 Temporary Appropriations; liability insurance and health care insurance increases. Have also included the proposed 2026 Employee wages. Discussion of wage resolution. Discussion of health care insurance. Discussion on appropriations. Ms. Woodward: Comfortable with a straight 3% raise; need to be looking at infrastructure and debts that are still outstanding. Need to start looking at tightening things. Discussion on various projects for the Village. VILLAGE ADMINISTRATOR Only outstanding project currently is the bridge in Burke Park. Monitoring closely around State law with property tax. CHIEF OF POLICE Discussion on Police activity in the last 90 days; Discussion on wages; Discussion on transfer from the General Fund to Police Operating Fund; MAYOR Not Present NEXT MEETING The next meeting will be scheduled at the council meeting. ADJOURNMENT Page 2 of 3  Ms. Thompson made a motion to adjourn, seconded by Ms. Ross. By roll: “yea” - Ms. Ross, Ms. Thompson Ms. Woodward Motion carried Jay Noble, Mayor Jayme Eldridge, Fiscal Officer 3. FISCAL OFFICER A. Monthly Reports B. 2026 Temporary Appropriations C. 2026 Employee Salaries 4. VILLAGE ADMINISTRATOR A. Monthly Report 5. CHIEF OF POLICE A. Monthly Report 6. MAYOR A. Monthly Report 7. EXECUTIVE SESSION A. Enter Executive Session B. Exit Executive Session 8. ADJOURNMENT A. Adjournment Page 3 of 3