Finance Committee

Special Meeting of the Finance Committee Held in the Conference Room at City Hall Monday, July 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 3:35 p.m. with Chairman Grant presiding and Councilors Henderson, Perry, and Denny being present. Staff present: Dennis Kintigh, Sharon Coll, Steve Miko, Bill Morris, Scott Stark, Caroline Brooks, Juanita Jennings, Mike Mathews, Arthur Torrez, Devin Graham, Roger Buckley, Quinton Miller, Matthew Gormley, Joe Neeb, Elizabeth Stark-Rankins, Monica Garcia, Phil Smith, Lorenzo Sanchez, Becky Hicks, Deanna Garcia, Frank Montoya, Barry Goldstrom, and Aaron Holloman. Guests present: Barry Foster, Juan Oropesa, Jeanine Best, Savino Sanchez, Art Sandoval, and Natasha Mackey. APPROVAL OF AGENDA Councilor Denny moved to approve the July 24, 2017 Special Finance Committee Meeting agenda as presented. Councilor Henderson was the second. A voice vote was unanimous and the motion passed. ACTION ITEMS Resolution 17-32 – Adopting & Approving a Final Quarter Financial Report for the City of Roswell for Fiscal Year Ending June 30, 2017: Ms. Garcia presented Resolution 17-32, adopting and approving the Final Quarter Financial Report for fiscal year ending June 30, 2017. She stated the report is required by the State of New Mexico Department of Finance and Administration to verify beginning balances from fiscal year ending June 30, 2017 to fiscal year beginning July 1, 2017. Councilor Henderson moved to send to full City Council approval of Resolution 17-32. Councilor Denny was the second. A voice vote was unanimous and the motion passed. Resolution 17-33 – Adopting & Approving a Year-End Budget for the City of Roswell for Fiscal Year Ending June 30, 2017: Ms. Garcia presented Resolution 17-33, adopting and approving the year-end budget for fiscal year ending June 30, 2017. She stated the year-end budget is required by the State of New Mexico Department of Finance and Administration for adjustments from mid-year to the year-end budget for fiscal year ending June 30, 2017. Councilor Henderson moved to send to full City Council approval of Resolution 17-33. Councilor Denny was the second. A voice vote was unanimous and the motion passed. Resolution 17-34 – Adopting & Approving a Final Budget for Fiscal Year Ending June 30, 2018: Ms. Garcia presented Resolution 17-34, adopting and approving a Final Budget for fiscal year ending June 30, 2018. She stated the Final Budget is required by the State of New Mexico Department of Finance and Administration. The Final Budget is developed on a basis of need and through cooperation between the City Manager, user departments, Mayor, and City Council for the good of the City. Mr. Neeb discussed the budget highlights. Councilor Henderson moved to send to full City Council approval of Resolution 17- 34 to include approval of $1.12M be transferred to fund 107 for Streets Department. Councilor Perry was the second. A voice vote was unanimous and the motion passed. PUBLIC PARTICIPATION None ADJOURN The meeting adjourned at 5:03 p.m.