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Minutes from the Finance Committee meeting on January 14, 2003.
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City of Jonesboro
Finance and Administration Committee
Tuesday, January 14, 2003
Huntington Building
The organizational meeting of the Finance and Administration Committee was called to order at 4:30 p.m. by acting chair Alec Farmer. Members present were Alec Farmer, Harold Perrin, Darrel Dover, Jim Hargis and Ann Williams. Mayor Hubert Brodell, City Attorney Phillip Crego, City Clerk Donna Jackson, Finance Director Larry Flowers, Human Resources Director Suzanne Hackney and Grants Coordinator Jim McKinnon and Larry Johnson, Assistant to the Mayor were also present. Members of the press were notified and were present.
The committee selected the sub-committee chairs for the following committees: Audit - Alderman Dover, Legal and Personnel and Insurance - Alderwoman Williams, Records and Industry - Alderman Perrin, Finance - Alderman Farmer and Grants - Alderman Hargis. The committee also selected Alderman Farmer as Chairman of the Finance and Administration Committee.
FINANCE
Larry Flowers, Finance Director, presented a brief report on the 2002 budget. He reported that overall 2002 revenues for all funds exceeds budgeted revenues by approximately 2.5% and that overall 2002 expenditures for all funds were approximately at 93% of budgeted appropriations. Only 27% of the projected appropriations of the capital improvement fund were expended.
Mr. Flowers reported on the 2003 budget and offered a training session for the new council on the budget.
The Committee discussed the need for changes to the monthly financial report provided to the committee and to the whole council. The need for actual expenses in addition to the budgeted expenses was recommended. The Committee asked Mr. Flowers to prepare a draft monthly report with the proposed changes for the Committee’s review.
The Committee discussed the possible need for improvements to the city’s financial software package. The committee a...
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