Finance Committee Minutes 2007 06 04

Home Browse Search

City Council Finance Committee Meeting Minutes 06/04/07 Page 2 of 4 The April 30, 2007 sales tax results were presented. The April collections were $704,252 which was $32,119 over the amount budgeted for April. The report and narrative can be located on the City's website at www.ci.louisville.co.us. City Hall Renovations Update was given by Scott Robson. Given the original Budget of $1 ,476,000 plus the Comcast Revenues and Building Maintenance Fund Revenues of $60,000 and $30,000 respectively, the total available for City Hall Renovations was $1,566,000. Scott estimated that we have $60,500 in remaining costs. Those costs combined with the amount spent to date of $1,436,293 will leave us under budget by about $69,000. The Senior Property Tax Rebate was discussed again with the new information that was given to Council. The alternative options for the Senior Rebate program were to continue the program as is, continue the program but place a household income cap on qualifying seniors, Discontinue the program completely due to the high costs. Councilor Marsella made a motion for the Finance Committee to recommend discontinuing the program as it has lost sight of the original intention. Councilor Sackett seconded the motion. Funding Request from Boulder Valley School District was discussed. It was decided that we put their name on the list for the non-profit funding applications for next budget year. Jodie will contact them about this decision. ITEMS NOT ON THE AGENDA We owe Colorado Consulting Group roughly $30,000 in outstanding plan review fees that date back to 2005. We have decided against going for supplemental appropriation and will work with the Building Safety Division to work within their given 2007 budget. We will also work with the Building Safety Division to ensure this does not happen again. LIST OF BILLS . Co Senior Softball Association - We collect $50 for residents and $65 for non-residents and then payout all expenses including league fees, umpires and t-shirts. We have brought in around $870 this year and so far have had expenses of this fee $160 and $290 for t-shirts and hats and will have around $400 in umpires so this is a full cost recovery program. . Sandra Richmond is a Library employee and had two training sessions she attended in Ft. Collins and Greeley and therefore had the mileage expense. . Lowe's and Home Depot - This was discussed with Darwin Brownson- Operations Manager and it would be impossible to keep all necessary tools/inventory in the maintenance trucks. They do stock common tools/inventory at shops and in the trucks as best they can. The reason