title
Minutes for the Finance Committee meeting on June 24, 2003.
body
Finance & Administration Committee Minutes
Tuesday, June 24, 2003
4:30 PM
Members Present: Alec Farmer, Darrel Dover, Jim Hargis, and Ann Williams. Councilman Harold Perrin was unable to attend. Others present were: Mr. Larry Flowers, Finance Director, Mrs. Suzanne Hackney, Human Resources Director, Jim McKinnon, and Donna Jackson, City Clerk.
Councilman Dover moved, seconded by Councilman Hargis to rank firms for the 457 Plan as follows: Citi Bank, Bank of Jonesboro, Morgan Stanley. A voice vote was taken resulting in all members voting aye. Councilman Hargis moved, seconded by Councilman Dover to provide for negotiations to be done by Mayor Brodell , Councilwoman Williams, and Suzanne Hackney, Human Resources Manager. A voice vote was taken resulting in all members voting aye.
Committee members approved the following sets of minutes:
April 17, 2003 - Councilman Dover moved, seconded by Councilwoman Williams to approve the April 17, 2003 committee minutes. A voice vote was taken resulting in all members voting aye.
May 9, 2003 - Councilwoman Williams moved, seconded by Councilman Dover to approve the May 9, 2003 committee minutes. A voice vote was taken resulting in all members voting aye.
May 20, 2003 - Councilman Dover moved, seconded by Councilwoman Williams to approve the May 20, 2003 committee minutes. A voice vote was taken resulting in all members voting aye.
June 12, 2003 - Councilman Dover moved, seconded by Councilman Hargis to approve the June 12, 2003 committee minutes. A voice vote was taken resulting in all members voting aye.
Councilman Dover moved, seconded by Councilwoman Williams to amend the 2003 budget to create two additional firefighter positions to maintain minimum personnel standards for the fire department resulting from the military activation of two firefighters. A voice vote was taken resulting in all members voting aye.
Councilman Dover moved, seconded by Councilwoman Williams to recommend a resolution utilizing federal funds for the signalization of Hwy 63 Frontage Road and Hwy 18. A voice vote was taken resulting in all members voting aye. Councilman Dover moved, seconded by Councilwoman Williams to recommend an ordinance appropriating $12,373.43 for matching funds for signalization at Hwy 18 and Rains Street. A voice vote was taken resulting in all members voting aye.
City Collector, Becky Sharp was instructed to follow the law in collecting funds from an individual who was delivering prescription drugs.
Discussion was held on the following topics:
GASB Status, Financial Software, Audit and Salary Survey, Budgets on Capital Improvements to be distributed by July 1, 2003 to committee members; Direct Deposit, Travel Policy, Discussion of proposed ordinance requiring a resolution for contracts over $10,000.00.
Councilwoman Williams moved, seconded by Councilman Dover for adjournment.