FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to approve the Town Council Department Fiscal Year 2023/2024 Budget in the amount of $190,846.
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Background:
As part of the Fiscal Year Budget Preparation process the Town Council is required to approve a Town Council Department Budget.
The proposed Fiscal Year 2023/2024 Town Council Department Budget was in the amount of
$190,846; an increase of $3,030 over er the current year’s budget.
The Town solicited Requests for Proposals (RFP #2022-09) for Auditing Services for fiscal years ending June 30, 2022 and June 30, 2023; which also included two one-year extensions options.
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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Meeting Action Detail:
Town Council Meeting 12/14/2022:
File #: 22811 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to approve the Town Council Department Fiscal Year 2023/2024 Budget in the amount of $190,846.
Moved: Saums Seconded: Ingalls
Action: Approved and so Declared
Minute Note:
Moved by Councilor Saums, seconded by Councilor Ingalls
Discussion: Councilor Saums explained as part of the Annual Fiscal Year Budget Preparation process the Town Council was required to approve a proposed Town Council Department Budget to be included in the Mayor’s proposed budget. He stated this budget would come back to the Finance Committee / Town Council as part of the budget deliberation process.
Councilor Saums went on to state the Town Council Department proposed Fiscal Year 2023/2024 included salaries for employees, funds for the annual audit along with legal fees and other operating expenses. He stated the proposed budget was reasonable noting there were no major changes to the expenses.
Chairman Dombrowski provided clarification, stating that the Town Council budget does not include funding for salaries for members of the Town Council, noting that they do not receive any stipend.
VOTE: 8 - 0 Approved and so declared
Action: Approved and so Declared
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Finance Committee Meeting 12/7/2022:
File #: 22811 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to approve the Town Council Department Fiscal Year 2023/2024 Budget in the amount of $190,846.
Moved: Ingalls Seconded: Ryan
Action: Recommend to Approve
Minute Note:
Discussion: Councilor Saums explained as part of the Fiscal Year Budget Preparation process the Town Council was required to approve a Town Council Department Budget.
Councilor Saums stated the Town Council Department proposed Fiscal Year 2023/2024 included salaries for employees, funds for the annual audit along with legal fees and other operating expenses.
It was noted that the Town solicited Requests for Proposals (RFP #2022-09) for Auditing Services for fiscal years ending June 30, 2022 and June 30, 2023; which also included two one-year extensions options.
The Finance Committee noted that the increase in the Auditor account was short by $895,00 which brought the total to $190,846. The Committee agreed to update the Town Council Department total proposed Fiscal Year 2023/2024 from $189,961 to $190,846 as a “friendly amendment”.
VOTE: 3- 0 Approved and so declared
Action: Recommend to Approve