Finance Committee

City of Verona Finance Committee City Hall – 111 Lincoln Street Verona, WI 53593-1520 MINUTES FINANCE COMMITTEE July 9, 2018 The meeting was called to order by Chairperson Chad Kemp at 6:30 p.m. in Conference Room D110 Roll Call: Chairperson Chad Kemp and Alder Kate Cronin were present. Also present: City Administrator Jeff Mikorski, Finance Director Brian Lamers and Planning Director Adam Sayre Discussion and Possible Action regarding approval of June 25, 2018 Finance Committee minutes: Motion was made by Cronin, seconded by Kemp to approve the June 25, 2018 Finance Committee minutes with no amendments. Motion carried 2-0. Discussion and Possible Action regarding 2019 Capital Budget and 5 Year Capital Plan: Lamers went over the 2019 Capital request. Under Administration is Electronic Poll Books but the City Clerk will be submitting for possible grant funding. Under the Police besides the general replacement of equipment there is an addition squad being asked for. Public works includes $1 million for the VASD Roadway and $500,000 for the PW Facility Design along with other projects. Parks includes a mini excavator as new equipment and not as a replacement. The Parks Director usually rents one all summer long. The Library is adding a new outreach vehicle and the Senior Center roof replacement. Under the Fire Department request along with some other smaller equipment is $1.5 million for a replacement of a fire truck. Lamers stated under the EMS there is a replacement of an ambulance which they replace one every other year. Lamers stated that he also added a line to Equipment Replacement Fund for EMS so the levy is more consistent every year instead of every other year having a spike in levy. In the Enterprise Fund the one big item is for the Lincoln Street Pond at a cost of $1.5 million that will have to be borrowed for. The 5-year plan was discussed for each department. Lamers stated that adding all the amounts for the new PW Facility with the design and land that we are approaching $18 million. There was also a discussion regarding $750,000 for the converting the old PW Facility into a recreation center that decisions will have to be made on. No action was taken. Discussion and Possible Action regarding the payment of bills: Motion was made by Kemp, seconded by Cronin to approve the payment of bills totaling $1,028,462.19. Motion carried 2-0. www.ci.verona.wi.us Adjournment: Motion was made by Cronin, seconded by Kemp, to adjourn the Finance Committee Meeting at 6:58 p.m. Motion carried 2-0. Respectfully submitted, Brian Lamers CPA Finance Director www.ci.verona.wi.us