BOARD OF MAYOR AND ALDERMEN WORK SESSION

KJNGSPORT BOARD OF MAYOR AND ALDERMEN WORK SESSION MINUTES Thursday, May 16, 2024 at 2: 00 PM City Hall, 415 Broad Street, Montgomery - Watterson Boardroom Board of Mayor and Aldermen Mayor Patrick W. Shull, Presiding Vice Mayor Colette George Alderman Paul W. Montgomery Alderman Betsy Cooper Alderman Tommy Olterman Alderman Darrell Duncan Alderman James Phillips I. CALL TO ORDER 2: 00 p. m. by Mayor Patrick W. Shull. II. ROLL CALL by City Recorder/ Treasurer Lisa Winkle. Ill. DISCUSSION ITEMS 1. FY25 Budget- General Fund and Utilities City Manager Chris McCartt gave a presentation on the general fund budget. He walked through the budget timeline, noting it is a twelve month process. He first highlighted the previous year as well as the financial health of the city regarding debt and revenue. Human Resources Director Tyra Copas discussed labor workforce and development and Assistant City Manger Michael Borders provided information on regional sales tax. Deputy City Manager Ryan McReynolds gave an update on the sustainable paving program. The City Manger concluded by thanking all staff, including managers as well as the budget office. NOTE: At 3: 10 p.m. there was a five minute recess. Deputy City Manager Ryan McReynolds presented the Utilities budget noting there were three separate utilities — water, wastewater and storm water. He provided a history on the rate changes in 2022 and the benefits it provided. He also showed how rates are compared to other cities. Mr. McReynolds talked about the capital improvement items and provided details on that funding. There was some discussion as he answered questions from the board. IV. REVIEW OF BUSINESS MEETING AGENDA V. ITEMS OF INTEREST Page 1 of 2  BOARD OF MAYOR AND ALDERMEN WORK SESSION MINUTES Thursday, May 16, 2024 at 2: 00 PM Kingsport City Hail, 415 Broad Street, Boardroom VI. ADJOURN Seeing no other matters presented for discussion, Mayor Shull adjourned the meeting at 3: 45 p. m. R. RTC T 2 e-r ANGELAfrR1' ALL/. \.\ PATRICK W. SHULL L V Deputy City Recorder , ,. " MMayor c: Page 2 of 2