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Minutes from the special called Finance Committee meeting on November 29, 2005.
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Finance & Administration Committee Minutes
Tuesday, November 29, 2005
4:00 p.m. - City Council Conference Room - Huntington Building
Special called meeting
Members Present: Alec Farmer, Jim Hargis, John Street, Harold Perrin, Ann Williams and Darrel Dover. Other present were: Mayor Formon, City Clerk Donna Jackson, staff and media.
MINUTES
Councilman Dover motioned, seconded by Councilman Hargis, for the approval of the minutes for the November 17, 2005, meeting as provided. All voted aye. Copies were provided to all those in attendance.
ORDINANCES AND RESOLUTIONS
Ordinance to appropriate funds for the Capital Improvement Fund fixed asset purchases: It was explained that money had been taken out of the Capital Improvement Fund for improvements that were made when the City moved the offices around. But, some of the improvements were actually fixed assets, so money is needed to be taken out of the Fixed Asset Fund and put back into the Capital Improvement Fund. It was further explained that the exact amount is not known, since some questions had arose concerning how much of the estimated amount was actually fixed assets, but the exact amount would be given to the City Clerk before the next City Council meeting so she can correct the ordinance. Councilman Dover motioned, seconded by Councilwoman Williams, to place the ordinance on the agenda for the next City Council meeting.
TRESURER’S OFFICE
2006 Budget: Chairman Perrin explained he wanted to set the process for reviewing the budget. Councilwoman Williams motioned, seconded by Councilman Dover, to meet at 3:30 p.m. on Thursday, December 1; Monday, December 5; Tuesday, December 6; Wednesday, December 7; and Thursday, December 8 at the Huntington Building. Mr. Brian Wadley was asked to schedule each of the department heads to meet with the Finance committee on one of the scheduled days, so the committee would have a ...
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