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02-18-2004 VC SP WS-MMINUTES OF THE SPECIAL WORKSHOP SESSION OF THE VILLAGE COUNCIL OF NORTH PALM BEACH HELD FEBRUARY 18, 2004 Present: David B. Norris, Mayor Charles R. O'Meilia, Vice Mayor Joseph A. Tringali, President Pro Tem Dr. Edward Eissey, Councilman Don Noel, Councilman Dennis D. Redmond, Village Manager Melissa Teal, Deputy Village Clerk Mayor Norris called the meeting to order at 7:00 p.m. All members of Council were present. All members of staff were present, except Village Attorney George Baldwin. The purpose of the meeting was to discuss capital projects, the updated 10, 15 and 20-Year Capital Equipment Plan, budget items for the upcoming year, the long-range Capital Improvement plan and the Council's goals and objectives as they relate to the budgeting process. Brief discussion took place on the 2003 - 2004 Budget regarding additional funding that will be needed for Public Safety overtime, performance raises, and group health. Finance Director Shaukat Khan reported that the auditors are preparing the financial report for fiscal year ending 9/30/03 and estimate the unappropriated surplus to be $1,750,000, which is 12% of the 2004 budget. Mr. Khan reviewed the estimated debt payments for current bank loans for 2003-2004 and 2004-2005. The following revisions were made to the 2004 - 2023 Twenty Year Capital Equipment Requirement Plan: page 7, delete 800 MHZ Radio System; page 10, delete items in 2004 column; page 15, delete items in 2004 column that were not included in the current budget and have not been purchased, such as the pick-up truck and triplex mower, and only include the items purchased in 2004. It was noted that the Capital Equipment Requirement Plan needs to be updated as soon as the budget is adopted. The meeting recessed at 8:45 p.m. and reconvened at 8:50 p.m. A short discussion ensued on the Council's goals and objectives. The Council asked that the paragraphs labeled "update" be deleted from the Goals and Objectives list, and agreed to discuss its goals and objectives for the 2004-2005 fiscal year at a meeting to be scheduled in late March. The Council talked briefly about annexation and the proposed North Substation and Anchorage Park capital projects. Minutes of Special Workshop Session Held Wednesday, February 18, 2004 It was requested that the Finance Director investigate refinancing of loans, with regard to potential savings. Discussion took place regarding inclusion or deletion of capital projects in the budget. It was suggested that the budget be submitted to the Council with debt service and capital equipment included, and without potential capital projects. The Council requested to have information on capital projects provided to them for discussion during budget workshops, at which time the Council will determine any capital projects that require budgeting in the upcoming fiscal year. Mr. Khan was directed to include explanatory detail on revenues in the backup budget. A short discussion on revenues ensued. The Council talked briefly about the paving program, and requested that staff provide afive-year schedule on street paving and suggestions on funding $200,000 in the current budget for needed repaving of streets in the Country Club Addition and Plat 4. With no further business to come before the Council, the meeting adjourned at 8:25 p.m. ~j/ Melissa Teal, CMC, Deputy Village Clerk 2