Finance, Taxes and Insurance

FINANCE COMMITTEE July 9, 2012 - Official 5:00 p.m. Members Present: Brian Lauer, Ron Kluth, Rick Albee, Gil Amborn, Cindy Gauger Also Present: Rebecca Ewald, Lori Peternell, and Kelly Krause Lauer called the meeting to order at 5:00 p.m. Motion made by Amborn, seconded by Gauger to approve the May 13, 2012 Regular Meeting Minutes. Motion carried unanimously. Motion made by Kluth, seconded by Amborn to approve the June 11, 2012 Regular Meeting Minutes. Motion carried unanimously. The Committee reviewed the Director of Public Works recommendation for the purchase of a one ton demo plow truck with dump box. The truck will be replacing the 2002 Ford F-450 plow truck that is scheduled to be replaced in 2012. The replacement truck is funded at $65,000 in the Capital Budget; the purchase price for the demo truck is $55,325 with an approximate additional charge of $1,700 if the Village chooses to have the truck painted yellow. It was the consensus of the Committee to have the Village Board decide on the color of the vehicle. Discussion was held regarding various questions the Committee had regarding the demo unit. Motion made by Amborn, seconded by Kluth to table the recommendation of the purchase until more information is received. Motion carried unanimously. Motion made by Kluth, seconded by Albee to recommend to the Village Board approval of Village prepaid invoices in the amount of $411,785.78. Motion carried unanimously. Motion made by Amborn, seconded by Gauger, to recommend to the Village Board approval of Village unpaid invoices in the amount of $107,815.46. Motion carried unanimously. Motion made by Kluth, seconded by Gauger, to recommend to the Village Board approval of Water & Sewer invoices in the amount of $31,958.99. Motion carried unanimously. The Committee reviewed the June 2012 statements. Discussion was held. Upon motion made by Amborn, seconded by Kluth, the meeting adjourned at 6:00 p.m. Submitted by, Lori Peternell Village Treasurer