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Minutes for the Finance Committee meeting on August 21, 2003.
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Finance & Administration Committee Minutes
Thursday, August 21, 2003
5:00 p.m.
Members Present: Alec Farmer, Darrel Dover, Jim Hargis, Ann Williams, and Harold Perrin. Others present were: Mayor Brodell, Larry Flowers, Finance Director, Suzanne Hackney, Human Resources Director, Jim McKinnon, Grants Coordinator, Alan Young, Information Systems, Becky Sharp, City Collector, Keith Inman, Jonesboro Sun, Bill Ebbert and Donna Jackson, City Clerk.
MINUTES - JULY 17, 2003
Councilman Perrin moved, seconded by Councilman Hargis to approve the Finance Committee minutes from July 17, 2003 as submitted. All voted aye.
GASB UPDATE
Councilman Perrin reported that Mr. Gene Barnett had provided a list of all roads and bridges, with storm-water drainage and sidewalks to be provided at a later date. He reported the city was ahead of schedule in implementing the GASB requirements.
EXTERNAL AUDIT UPDATE
Mr. Flowers reported BKD had done testing of purchases by the Street Department and had left a list of questions regarding compliance with Steve Kent, Purchasing Agent. Mr. Flowers stated he would find out the results and provide a report from BKD to the Finance Committee at their next committee meeting.
BUDGET
Mr. Flowers reported with the exception of the Engineering Department, all departments have turned in their budgets. He explained the budgets would be distributed to council members September 1, 2003, with himself and Mayor Brodell doing a review prior to its distribution. Mayor Brodell stated some of the figures did not look accurate, so he would be questioning the department heads about their budget, but would provide council members a “raw” budget. Mr. Flowers stated the Finance Committee would be responsible for balancing the budget based on recommendations by the Mayor and individual committees. Councilman Dover questioned if any consideration had been given to increasing revenu...
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