Finance, Taxes and Insurance

FINANCE COMMITTEE July 8, 2013 - Official 5:00 p.m. Members Present: Brian Lauer, Rick Albee, Cindy Gauger and Ron Kluth Excused: Gil Amborn Also Present: Rebecca Ewald, Lori Peternell, Dan Divan Lauer called the meeting to order at 5:00 p.m. Motion made by Gauger, seconded by Kluth to approve the June 10, 2013 Regular Meeting Minutes. Motion carried unanimously. Dan Divan was present to discuss the Fire & Rescue purchase of a power assisted cot. At the June meeting the Committee requested Divan to provide 3 quotes before they would act on the purchase. Divan received additional quotes from Ferno and Stryker; they were $14,596 and $16,932 respectively. Total price for the power assisted cot from Jefferson Fire & Safety was $11,755.20 with funding to be provided from the following sources; $2000 through the EMS Act 102 grant, $5854 from Rescue Small equipment capital fund and the balance of $3901.20 from the F&R donation account. Divan stated that they are working with Jefferson Fire & Safety on a possible source to buy the old cot. Proceeds from the sale could potentially be approximately $2000 and would replenish the Rescue Small equipment capital fund. Motion made by Kluth, seconded by Albee to recommend Village Board approval of the power assisted cot from Jefferson Fire & Safety in the amount of $11,755.20. Motion carried unanimously. Motion made by Albee, seconded by Gauger, to recommend to the Village Board approval of Village prepaid invoices in the amount of $7,003.86. Motion carried unanimously. Discussion was held regarding the donation for the Tichigan Fireworks Committee. The Committee requested that the Treasurer include a letter with the 2013 donation requesting the Village of Waterford be listed as a sponsor. Motion made by Gauger, seconded by Kluth to recommend to the Village Board approval of Village unpaid invoices in the amount of $411,439.99. Motion carried unanimously. The Committee reviewed the information regarding the 2014 budget process and noted the dates for the Joint Finance/Village Board meetings. Lauer requested the Treasurer provide information regarding capital improvement plans to the Committee for review and discussion for the 2014 budget process. Upon motion made by Kluth, seconded by Albee, the meeting adjourned at 5:30 p.m. Motion carried unanimously. Submitted by, Lori Peternell, CMTW Village Treasurer