DATE: September 15, 2005
Members present: Al Dippel, Joan Fordham, Tommy Lee Bychinski, Tom Kriegl, Bill Wenzel
Members excused: None
Others present: Kerry Beghin, Gene Wiegand, Carol Gasser, Kathy Schauf, Steve Koenig, Brad Viegut
Al Dippel called the meeting to order at 2:47 p.m. Certification
that the open meeting requirement was met. Motion by Bychinski,
second by Fordham to adopt the agenda.
Motion carried.
Motion by Bychinski, second by Fordham to approve the minutes
from previous meetings.
Motion carried.
None
Consider refinancing of existing general obligation debt.
Brad Viegut of Robert W. Baird provided information on possible
refinancing opportunities. The Administrative Coordinator's
recommendation was to forego this transaction until after the
first of the year in order to obtain the benefits in fiscal
year 2007. Motion by Fordham, second by Bychinski to investigate
the possibilities of refinancing if conditions are appropriate
and allow for present value of savings at a minimum of 2.5%.
Motion carried.
Consider amending the 2005 budget to transfer approximately $16,000 from the Forest Management Fund to the Parks Department for electrification at White Mound Campground.
Current fund balance of the Forest Management Fund is $84,780.
Motion by Bychinski, second by Fordham to transfer $16,000
from the Forest Management Fund to the Parks Department for
electrification at White Mound Campground.
Motion carried.
Consider amending Financial Policy 17-95, disposal
of county-owned property, excluding land and buildings. Steve
Pate presented the need for alternative means of disposing
of excess county property, specifically computers. An annual
County auction is very cumbersome and time-consuming. Revisions
to the policy for the sale of property were discussed. Motion
by Bychinski, second by Fordham to amend Financial Policy
17-95, disposal of county-owned property and equipment, excluding
land and buildings to allow for departmental sale of items
taken out of service with an estimated value of not more
than $500. Departmental sale shall be contingent on public
presentation, most likely through a posting on the County's
web site, for at least one month prior to sale date to ensure
that the disposal remains competitive.
Motion carried.
Motion by Bychinski, second by Fordham, to approve the payment
of the Treasurer's invoices in the amount of $561.62.
Motion carried.
K. Beghin presented an update on the revisions to Financial
policies. The audit report will be available in October of
2005. Motion by Wenzel, second by Fordham, to approve the payment
of Accounting invoices in the amount of $7,943.96. Motion carried.
Motion by Bychinski, second by Fordham, to approve the payment
of the county invoices in the amount of $30,219,817.79.
Motion carried.
Motion by Bychinski, second by Fordham, to adjourn. Next meeting
is September 21, 2005 at 5:50 p.m. To approve the county bills.
Next regularly scheduled Finance Committee meeting is October
11, 2005 at 8:30 a.m.
Motion carried.
Respectfully Submitted: Joan Fordham, Secretary