Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Minutes Finance Committee Tuesday, August 11, 2015 5:00 PM Council Chambers 1. Call to Order 2. Roll Call Others Present: Finance Director Steve Corbeille, Comptroller Kim Lynch, Marcus Nesemann, Assistant Police Chief Nick Reimer, and Fire Chief Todd Blaser. Present: 4 - McMeans, Brandel, Able and Brey Absent: 1- Sitkiewitz 3. Approval of Minutes Moved by Brandel, seconded by Able, that this be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey 15-768 Minutes of July 7, 2015 Attachments: 07072015 MeetingMinutes 4. Public Comment No public comment at this meeting. 5. Discussion and Action Items 15-815 Resolution to borrow $184,713 for a 20 year period from the Board of Commissioners of Public Lands of Wisconsin (State Trust Fund Loan) to be used for financing affordable housing units as part of Mirro Plant #3 renovation. Attachments: 20150806213657870 Moved by Able, seconded by Brey, that this Resolution be accepted and referred to Council. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey City of Manitowoc Page 1 Finance Committee Meeting Minutes August 11, 2015 15-734 2014 Comprehensive Annual Financial Report & Management Letter from Schenck, SC Attachments: management letter.pdf 2014 Comprehensive Annual Financial Report Tom Karman, CPA Shareholder from Schenck SC will be present at the Common Council meeting to present the Management Letter and CAFR. No action taken on this item. 15-766 Recommendation by Capital Allocation Working Group to Fund Unbudgeted Request for a Paper Shredder for Police Department (not to exceed $2,247 CAWG End of Life Fund) Attachments: PD paper shredder Moved by Able, seconded by Brey, that this Action Item be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey 15-816 Unbudgeted Request for Furnace replacement at Red Arrow Restroom Building approved by CAWG up to $2,745.00 Attachments: 20150807192659164 Moved by Brey, seconded by Brandel, that this Action Item be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey 15-817 Unbudgeted Request for Heating System replacement at DPW Garage approved by CAWG up to $19,000.00 Attachments: 20150807192650068 Moved by Able, seconded by Brandel, that this Action Item be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey 15-837 Unbudgeted Request for Engine Replacement on MED #4 Ambulance for Fire Department up to $16,000 Attachments: 20150810214546559 Moved by Brey, seconded by Able, that this Action Item be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey City of Manitowoc Page 2 Finance Committee Meeting Minutes August 11, 2015 15-767 Quarterly Report of Capital Allocation Working Group (CAWG) Attachments: 20150721201943202 20150810214939225 15-810 Request to fill the Account Clerk position in Treasury Attachments: Account Clerk Moved by Able, seconded by Brey, that this Action Item be approved and referred to council. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey 6. Adjournment Moved by Brandel, seconded by Able, that this be accepted. The motion carried by the following vote: Aye: 4- McMeans, Brandel, Able and Brey City of Manitowoc Page 3