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NOTICE OF COMMITTEE MEETING AND AGENDA
ST. CROIX County
FINANCE COMMITTEE
DATE AND TIME: Thursday October 25, 2007 —1:30 P.M.
LOCATION: Room 1281, St. Croix County Government Center,
1101 Carmichael Road Hudson, Wisconsin
CALL TO ORDER
ROLL CALL
ADOPTION OF AGENDA
DATE OF NEXT MEETING: November 8, 2007
APPROVAL OF MINUTES OF PREVIOUS MEETINGS: October 11, 2007
OLD AND NEW BUSINESS:
1. 1:30 p.m. Joint Meeting with Ad Hoc Negotiations Committee - Closed session per WI
Stat. 19.85 (1) e to discuss bargaining strategy for upcoming negotiations with collective
bargaining units. Reconvene into open session.
2. Review of State Budget and Proposed 2008 County Budget"
ADJOURN
(Items may be taken in different order)
* *Additions /Changes /Corrections
Items for County Board approval must be submitted to the County Clerk's office by Wednesday morning
preceding a County Board meeting.
1:01 PM 10/24/2007
OFFICIAL - approved 1118107
MINUTES OF THE ST. CROIX COUNTY FINANCE COMMITTEE
Special Meeting October 25, 2007
Meeting called to order by Chair Krueger at 1:30 p.m. Present: Daryl Standafer, Esther Wentz,
Tom Caflisch and Stan Krueger. Absent and excused: Buck Malick. Staff present:
Administrative Coordinator Chuck Whiting, Finance Director Michelle Pietrick, Human
Resource Administrator Tammy Funk and County Clerk Cindy Campbell. Others present: Ad
Hoc Negotiations Committee members (Standafer, Richard King, Cindy Leonard), Julie Speer
and Judy Wiff.
Motion by Standafer, 2nd by Caflisch to adopt the agenda. Carried unanimously. Krueger stated
the next scheduled meeting is November 8, 2007.
Motion by Standafer, 2nd by Wentz to postpone action on previous minutes.
Carried unanimously.
1. JOINT MEETING WITH AD HOC NEGOTIATIONS COMMITTEE. Closed
session per WI Stat. 19.85(1)(e) to discuss bargaining strategy for upcoming negotiations
with collective bargaining units. Reconvene into open session to complete other agenda
items. Motion by Caflisch, 2 by Standafer to move into closed session per Wisconsin Statute
19.85(l)(e) to discuss bargaining strategy for upcoming negotiations with collective bargaining
units. Roll call — all ayes. Carried unanimously. Those present in the closed session: Finance
Committee members, King, Leonard, Julie Speer, Whiting, Timmerman and Funk. (1:35 p.m.)
Motion by Caflisch, 2nd by Wentz to reconvene into open session (2:35 p.m.). Carried
unanimously.
2. Review of State Budget and Proposed 2008 County Budget. Discussion regarding
setting up a separate fund for the vehicle registration fee. Whiting explained municipal library
funding and county bridge aid is outside the levy limits. Pietrick distributed a handout containing
two options. She stated the current proposed budget contains $450,000 for chiller
repair /replacement. The most recent estimate on the replacement of the chiller is $1,250,000 for
the geothermal system. Option 1 offers to apply the amount related to library funding and
county bridge aid to offset chiller costs. This would result in no changes to county operating
taxes levied or fund balance applied or revenue from debt issuance. Option 2 offers to apply
amount related to library funding and county bridge aid to offset surplus applied. This would
decrease the General Fund and there would bean increase to Building Services expenses and
revenue from debt issuance. Pietrick stated the cost of debt vs return on investment is about
equal. Discussion regarding delinquent property tax increases and applying surplus.
Motion by Standafer, 2 by Wentz to go with option 1 to offset the chiller costs related to library
and bridges. Carried unanimously.
Meeting adjourned at 3:00 p.m.
Esther Wentz, Secretary
Cindy Campbell, Recording Secretary