July 7, 2011

This material was filed under
[ Budget and Finance Committee - Meeting Minutes ]
July 7, 2011

TOWN OF I N D I A L A N T I C
Brevard County, Florida 32903
BUDGET AND FINANCE COMMITTEE
July 7, 2011 Town Hall 10:00 AM

PRESENT: Orlando Brillante
Walt Fredrickson
Karen Turja
Christopher W. Chinault, Town Manager
Laura Eaton, Town Clerk

ABSENT: Eugene Terkoski, Chairman
Bruce Bogert

A. CALL TO ORDER AT 10:00 AM

The meeting was called to order at 10:00 am. It was the consensus of the Committee that Mr. Brillante serve as Vice Chairman.

B. REVIEW OF PROPOSED BUDGET FOR FY-12

Town Manager Chinault presented a revised vehicle replacement schedule and reviewed the proposed budget noting that he is recommending a millage rate of ¼ mill over the roll back millage rate.

Mr. Fredrickson presented a spreadsheet showing comparative budgets of other municipalities within the County. He also distributed a property tax history of his property for the last ten years. Mr. Fredrickson advised that Indialantic has the highest general fund expense per resident of those compared and recommended that a budget be passed at the roll back rate or less by reducing personnel expenses and/or consolidating services.

Mr. Brillante suggested that that the budgeted amount for reserves be reduced to prevent an increase in taxes.

After discussion, Mr. Fredrickson moved to recommend a millage rate of ¼ mill under the roll back rate. There was no second.

Mr. Brillante moved to support no payroll increases and to recommend the roll back millage rate and the total and general fund budgets funded by the roll back rate as provided by the Town Manager. Ms. Turja seconded. Motion carried with Mr. Fredrickson voting “nay.”

C. ADJOURNMENT

The meeting adjourned at 11:10 am.
___________________________
Orlando Brillante
Vice Chairman
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Laura Eaton, CMC
Secretary