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Minutes for the special called Finance Committee meeting on December 20, 2006.
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Finance & Administration Committee Minutes
Wednesday, December 20, 2006
Special called budget meeting
3:00 p.m.
Members Present were: Darrel Dover, Judy Furr, Jim Hargis, Harold Perrin, John Street and Ann Williams. Also in attendance were Mayor Formon, Mr. Tony Thomas and Mr. Brian Wadley from the Mayor’s Office.
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Police Chief Michael Yates presented an amendment to the City’s code concerning a tax on the sale of alcohol in the City. He noted he would like to adopt the ordinance by reference due to the length of the amendment. Councilman Perrin questioned how they would determine how much money is to be paid. Chief Yates explained there is a state worksheet that was found by Internal Auditor Misty Micenhamer in which the gross receipts are inspected and the 5% tax is based on that. Councilwoman Williams questioned how much revenue the tax would bring in. Chief Yates stated he received information from the state regarding the sale of mixed drinks. He explained they project approximately $113,000 a year could be made just from the sale of mixed drinks. He noted the projection did not include the sales of beer or wine. Chief Yates stated the 5% tax is the maximum as allowed by law. Chairman Dover questioned what the revenue would go towards. Chief Yates explained 90% of the revenue would go towards DWI enforcement and 10% would go to D.A.R.E. Councilman Street motioned, seconded by Councilman Perrin, to approve the code amendment and place it on the City Council agenda. All voted aye. Discussion was held regarding when it would be on the agenda. Chief Yates stated he would get together with City Clerk Donna Jackson after the holidays.
2007 BUDGET
JETS: Mr. Gardner discussed the JETS program. Chairman Dover questioned whether the federal subsidies will run out. Mr. Joel Gardner stated the federal subsidy doesn’t run out until the FTA says they will stop giving JETS ...
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