Budget and Finance Committee

City of Sidney, MT Budget and Finance Committee Meeting July 23, 2024 5:30 PM 115 2nd Street SE |Sidney, MT 59270 The City Council meetings are open to the public attending in person, with masks encouraged when social distancing cannot be accomplished. If the public does not wish to participate in person, they are also invited to participate via a Zoom meeting. You can participate via phone: Meeting ID: 713 080 5898 Passcode: 4332809 Call: 1-346-248-7799 Committee Members Present: Christensen, Koffler, DiFonzo Other's Present: Mayor Norby, PWD Hintz, Clerk/Treasurer Chamberlin, Deputy Clerk/Treasurer Schmierer and Chief Kraft 1. New Business a. FY24-25 Budget: General Fund and Mill Levies Preliminary Budget Clerk/Treasurer Chamberlin reviewed the proposed preliminary budget for the general fund and what the mill levies look like based off of last fiscal years taxable valuation. She stated the general fund is approximately $20,000 aware from balancing, which is a very good spot to be in for the general fund budget at this point. She stated the Local Government Review mill levies to receive $31,000 to pay for this two year review will be in addition to the allowed mill levies. With no questions or concerns from the Budget and Finance Committee, Clerk/Treasurer Chamberlin stated they will not be asked to give approval of the preliminary general fund budget until after the taxable valuation is receive, likely on Monday August 5th. She will call for another Budget and Finance Committee meeting at that time. b. FY24-25 Budget: Oil and Gas Fund Donations, Expenditures and Transfers Preliminary Budget Clerk/Treasurer Chamberlin reviewed the previous fiscal years donations out of the oil royalties in the oil and gas fund. Alderman Koffler asked if Richland Economic Development should receive the same amount as last year, or if it should be reviewed to be reduced. Alderwoman Christensen stated she feels seeing the $5,000 split between Richland Economic Development and the Sidney Chamber of Commerce. Mayor Norby agreed and stated the Chamber has done a lot of work for the community, including grants, and currently receives no monetary contribution from the City. Motion was made to approve the donations from the oil royalties in the oil and gas fund with the amendment that Richland Economic Development receives $2,500 and the Sidney Chamber of Commerce received $2,500. Budget and Finance Committee Meeting July 23, 2024 Page 1 of 2  Motion made by DiFonzo, Seconded by Koffler. Voting Yea: Christensen, Koffler, DiFonzo Clerk/Treasurer Chamberlin reviewed the other expenditures and transfers out of the oil and gas fund, again stating that until the preliminary budget could be reviewed by the other Committees and she will have final preliminary budget review for the oil and gas fund before the Budget and Finance Committee after the taxable valuation is received. c. 2025 Preliminary CIP-Review Projects for Parks Clerk/Treasurer Chamberlin reviewed the proposed parks projects for the 2025 CIP and asked the committee if they have any additional projects that they would like to see added or if they would like the priority changed for the projects, keeping in mind that it is a working plan that the priorities can and likely will shift based off of funding availability. Alderman Koffler stated the kids park next to the skate park and the tennis courts has limited equipment and the equipment itself is in need of upgrading. He stated the use of that park will only increase with the use of the skate park and especially the tennis courts. He stated he would like to see improvements to that park equipment added to the CIP. Alderman DiFonzo stated the back stops at the South Meadow Park do not properly prevent foul balls from getting into the bleacher areas and he would like to see updates to those backstops added to the CIP, which would be a minimal project and cost. PWD Hintz stated he would have to look at the regulations on what could be done according to the American Softball Association/Federation. Meeting was adjourned at 5:59pm. Budget and Finance Committee Meeting July 23, 2024 Page 2 of 2