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HomeMy WebLinkAboutFinance 12-14-04 ST. CROIX COUNTY NOTICE OF COMMITTEE MEETING TO: Chairman Buck Malick St. Croix County Board FROM: Ralph Swenson, Chair COMMITTEE TITLE: Finance DATE: Tuesday, December 14, 2004 8:30 A.M. LOCATION: Room 1281, Government Center, Hudson CALL TO ORDER ROLL CALL ADOPTION OF AGENDA DATE OF NEXT MEETING: January 13, 2005 8:30 A.M. ACTION ON PREVIOUS MINUTES: None UNFINISHED BUSINESS: NEW BUSINESS: 1. Resolution to Amend the 2005 Budget re: Liability Insurance Premium CORRESPONDENCE: ADJOURNMENT (Agenda not necessarily presented in this order) COPIES TO: County Board Office News Media/Notice Board County Clerk County Board County Departments * *ADDITIONS /CHANGES /CORRECTIONS UNOFFICIAL MINUTES OF THE ST. CROIX COUNTY FINANCE COMMITTEE Special Meeting December 14, 2004 Meeting called to order by Chair Swenson at 8:30 a.m. Present: Esther Wentz, Stan Krueger, Clarence Malick, Ralph Swenson and Daryl Standafer. Staff present: Administrative Coordinator Chuck Whiting, Finance Director Michelle Pietrick, Risk Manger Rachel Rubin and County Clerk Cindy Campbell. Others present: Supr. Speer, Supr. Gunderson, Supr. Mortensen. Motion by Standafer, 2nd by Wentz to adopt the agenda. Carried unanimously. Date of next meeting is January 13, 2005. 1. Resolution to Amend the 2005 Budget re: Liability Insurance Premium. A resolution to amend the 2005 budget because of the increase in liability insurance was distributed. Whiting indicated the actual liability insurance premiums for 2005 will be $398,789, $184,930 higher than what was budgeted for 2005. He added this premium is lower than WMMIC's actuarial report. WMM1C offered to come to a Finance Committee meeting to discuss this matter with the committee. The self - insured retention (the deductible) will increase from $150,000 to $250,000, and the annual aggregate will increase from $600,000 to $1,500,000. Malick suggested placing WMMIC on the January 2005 Finance Committee's agenda. Motion by Malick, 2 nd by Standafer to approve the resolution to amend the 2005 budget. Carried (Krueger voted no). 2. Revision of Mileage Reimbursement Rate to 40.5¢. The county's mileage reimbursement is set by the County Board of Supervisors and corresponds with the rate used by the IRS for tax purposes. The IRS set the 2005 mileage reimbursement rate at 40.5¢. Motion by Malick, 2 nd by Wentz to change the county's mileage reimbursement rate for year 2005 up to 40.5¢. Carried unanimously. 3. Request for an Adjustment to the Jail Assessment Fund. Supr. Speer requested that $27,500 be set aside from the 2004 Jail Assessment Fund to pay for palm scans in the jail, which will be received in March 2005. She indicated $7,500 has been used from the Jail Assessment Fund for other things in 2004 and the jail is allowed to spend $50,000. Pietrick indicated as part of the Huber project, funds for furnishings were spent from the Jail Assessment Fund in the amount of approximately $18,000, which is not part of the $7,500 Speer indicated had been used. Pietrick stated audit requirements provide that in order to charge in 2004, services or equipment must he received in 2004. Swenson asked for different budgeting process for next year's Jail Assessment Fund. !Motion by Swenson, 2 nd by Krueger to approve to exceed $27,500 in the 2005 allocation of $50,000 Jail Assessment Fund to purchase palm scan items for the jail. Carried (Malick voted no). Meeting adjourned at 9:00 a.m. Esther Wentz, Secretary Cindy Campbell, Recording Secretary OFFICIAL — Approved 1113105 MINUTES OF THE ST. CROIX COUNTY FINANCE COMMITTEE Special Meeting December 14, 2004 Meeting called to order by Chair Swenson at 8:30 a.m. Present: Esther Wentz, Stan Krueger, Clarence Malick, Ralph Swenson and Daryl Standafer. Staff present: Administrative Coordinator Chuck Whiting, Finance Director Michelle Pietrick, Risk Manger Rachel Rubin and County Clerk Cindy Campbell. Others present: Supr. Speer, Supr. Gunderson, Supr. Mortensen. Motion by Standafer, 2nd by Wentz to adopt the agenda. Carried unanimously. Date of next meeting is January 13, 2005. 1. Resolution to Amend the 2005 Budget re: Liability Insurance Premium. A resolution to amend the 2005 budget because of the increase in liability insurance was distributed. Whiting indicated the actual liability insurance premiums for 2005 will be $398,789, $184,930 higher than what was budgeted for 2005. He added this premium is lower than WMMIC's actuarial report. WMMIC offered to come to a Finance Committee meeting to discuss this matter with the committee. The self - insured retention (the deductible) will increase from $150,000 to $250,000, and the annual aggregate will increase from $600,000 to $1,500,000. Malick suggested placing WMMIC on the January 2005 Finance Committee's agenda. Motion by Malick, 2" d by Standafer to approve the resolution to amend the 2005 budget. Carried (Krueger voted no). 2. Revision of Mileage Reimbursement Rate to 40.5¢. The county's mileage reimbursement is set by the County Board of Supervisors and corresponds with the rate used by the IRS for tax purposes. The IRS set the 2005 mileage reimbursement rate at 40.5¢. Motion by Malick, 2nd by Wentz to change the county's mileage reimbursement rate for year 2005 up to 40.5¢. Carried unanimously. 3. Request for an Adjustment to the Jail Assessment Fund. Supr. Speer requested that $27,500 be set aside from the 2004 Jail Assessment Fund to pay for palm scans in the jail, which will be received in March 2005. She indicated $7,500 has been used from the Jail Assessment Fund for other things in 2004 and the jail is allowed to spend $50,000. Pietrick indicated as part of the Huber project, funds for furnishings were spent from the Jail Assessment Fund in the amount of approximately $18,000, which is not part of the $7,500 Speer indicated had been used. Pietrick stated audit requirements provide that in order to charge in 2004, services or equipment must be received in 2004. Swenson asked for different budgeting process for next year's Jail Assessment Fund. Motion by Swenson, 2nd by Krueger to approve to exceed $27,500 in the 2005 allocation of $50,000 Jail Assessment Fund to purchase palm scan items for the jail. Carried (Malick voted no). Meeting adjourned at 9:00 a.m. Esther Wentz, Secretary Cindy Campbell, Recording Secretary