Finance Committee

Special Meeting of the Finance Committee Held in the Conference Room at City Hall Wednesday, May 24, 2017 Notice of this meeting was given to the public in compliance with Sections 10-15-1 through 10-15-4 NMSA 1978 and Resolution 16-69. ROLL CALL The meeting convened at 2:30 p.m. with Chairman Grant presiding and Councilors Henderson, Perry, and Denny being present. Staff present: Steve Miko, Kevin Dillon, Art Torrez, Matthew Gormley, Toni Reeves, Juanita Jennings, Joe Neeb, Deanna Garcia, Mike Mathews, Devin Graham, Elizabeth Stark-Rankins, Tim Williams, Aaron Holloman, Jim Burress, Caroline Brooks, Ruben Sanchez, Rebecka Hicks, Barry Goldstrom, Michael Stanton, Dennis Kintigh, and Phil Smith. Guests present: Jeanine Best, Jerry A. Acosta, Mark Brooks, Barry Foster, Natasha N. Mackey, and Savino Sanchez. APPROVAL OF AGENDA Councilor Perry moved to approve the May 24, 2017 Special Finance Committee Meeting agenda as presented. Councilor Denny was the second. A voice vote was unanimous and the motion passed. APPROVAL OF MINUTES No minutes to approve. NON-ACTION ITEMS None ACTION ITEMS Resolution No. 17-26 – Fiscal Year 2016-2017 Budget Amendment, Beginning Balance: Mr. Neeb opened discussion on the budget amendment beginning balance stating that the adjustment is necessary in order to balance the FY2018 preliminary budget.. Ms. Reeves discussed Resolution No. 17-26, budget adjustment. Councilor Perry moved to send to full City Council Resolution No. 17-26. Councilor Denny was the second. A voice vote was unanimous and the motion passed. Resolution No. 17-22 – Preliminary Budget for Fiscal Year ending June 30, 2018: Ms. Reeves discussed the highlights on the Preliminary Budget. Councilor Perry moved to send to full City Council Resolution No. 17-22 FY2018 Preliminary Budget with the following amendments: 1. Change the description on revenue account number 101-313-11-0 from .125 to .0625. 2. Strike expense line item 101-4041-404-24-01, General Contract Services. Councilor Henderson was the second. A voice vote was unanimous and the motion passed. PUBLIC PARTICIPATION None ADJOURN The meeting adjourned at 3:58 p.m.