February 10, 2011

This material was filed under
[ Budget and Finance Committee - Meeting Minutes ]
February 10, 2011

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
BUDGET AND FINANCE COMMITTEE
February 10, 2011 Town Hall 10:00 AM

PRESENT: Eugene Terkoski, Chairman
Bruce Bogert
Orlando Brillante
Walt Fredrickson
Karen Turja
Christopher W. Chinault, Town Manager
Laura Eaton, Town Clerk

A. CALL TO ORDER AT 10:00 AM

Chairman Terkoski called the meeting to order at 10:00 am.

B. ELECTION OF CHAIRMAN AND VICE CHAIRMAN

Mr. Brillante nominated Mr. Terkoski as Chairman. Ms. Turja seconded. Motion carried unanimously.

C. 2011 UPDATE – VEHICLE REPLACEMENT SCHEDULE

Town Manager Chinault presented an updated vehicle replacement schedule.

D. 2009 INFRASTRUCTURE NEEDS MEMORANUM

Town Manager Chinault presented a memorandum to the Town Council dated April 8, 2009 addressing infrastructure needs to the Committee for information.

E. BUDGET AND FINANCE COMMITTEE FY-11 PRIORITIZATION LIST

The Committee reviewed their list of prioritized expenditures of ad valorem revenues in increments of ¼ mill.

F. NON AD VALOREM REVENUE PROJECTIONS – DISCUSSION

Town Manager Chinault reviewed non ad valorem revenue projections estimating a 2.9% decrease in electricity revenues. He also presented an update on TMDL requirements.

G. DISCUSSION OF COMPARATIVE BUDGETS – Requested by Walt Fredrickson

Mr. Fredrickson presented a spreadsheet showing comparative budgets of other municipalities and distributed a property tax history of his property for the last ten years. He noted that personnel expenses are high compared to other municipalities.

H. ADJOURNMENT

The meeting adjourned at 11:05 am.

___________________________
Eugene Terkoski
Chairman
______________________
Laura Eaton, CMC
Secretary