Finance Committee

City of Verona Finance Committee City Hall – 111 Lincoln Street Verona, WI 53593-1520 MINUTES FINANCE COMMITTEE NOVEMBER 11, 2019 The meeting was called to order by Chairperson Chad Kemp at 6:00 p.m. in Conference Room D110 Roll Call: Chairperson Chad Kemp, Alder Kate Cronin and Alder Christine Posey were present Also present: Mayor Luke Diaz, City Administrator Adam Sayre and Finance Director Brian Lamers Public Comment: None Discussion and Possible Action regarding approval of October 28, 2019 Finance Committee minutes: Motion was made by Cronin, seconded by Posey to approve the October 28, 2019 Finance Committee minutes with no changes noted. Motion carried 3-0. Discussion and Possible Action regarding Updates on the 2020 Budget: Lamers stated there are no updates at this point. He stated we still do not have the final assessment numbers from the Wisconsin Department of Revenue (WDOR) to tell what the City’s mill rate, which we usually have by now but after contacting the WDOR they stated there was a manufacturing assessment being appealed. Lamers stated we also do not have Dane County’s levy to determine the TIF tax portion. Discussion and Possible Action regarding Possible Reimbursement of the TID error in 2018: Sayre stated that SB269 passed last Thursday and is waiting for the Governor’s signature. Sayre informed the Committee that the Dane County tax system was unable to do negative assessment so there are two other options of either cutting the checks or reducing the levy. Administration has been trying to get approval from the WDOR on either reducing the levy or issuing checks directly to the taxpayers and they have not given us any answers. After further discussion on pros and cons of the two options the Committee recommended that checks be issued for the refund of anything over $10.00, however if someone comes in that request there refund that is under $10.00 that the City issue them a check. Discussion and Possible Action regarding Notice of Liability Claim: Motion was made by Kemp, seconded by Cronin to recommend to the City Council to deny the liability claim. Motion carried 3-0. www.ci.verona.wi.us Discussion and Possible Action regarding the City Investment Report for October 2019: Lamers stated the investments continue to go down as we pay for the major constructions projects that are happening currently. Discussion and Possible Action regarding the Revenue and Expenditure Report for October 2019: Lamers stated the winter operations overtime for Public Works and Parks is likely to be over by the end of the year. Discussion and Possible Action regarding the payment of bills: Motion was made by Kemp, seconded by Cronin to approve the payment of bills totaling $441,395.09. Motion carried 3-0. Adjournment: Motion was made by Cronin, seconded by Posey, to adjourn the Finance Committee Meeting at 6:24 p.m. Motion carried 3-0. Respectfully submitted, Brian Lamers CPA Finance Director www.ci.verona.wi.us