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HomeMy WebLinkAbout5/8/2012 - Regular0 •• a a II,FJ IV I o I L41 I 2TA] 0 Solf I In lei 102 rem MEMBERS PRESENT: Bradley E. Grose, Mayor Carolyn D. Fidler, Vice Mayor Robert R. Altice Matthew S. Hare William W. Nance STAFF PRESENT. Christopher S. Lawrence, Town Manager Susan N. Johnson, Town Clerk Barry Thompson, Finance Director/Treasurer The Town Manager began with a Power Point presentation on the projected revenues for Fiscal Year 2012-2013. He stated that our revenues are divided into two funds —the General Fund and the Utility Fund. The General Fund projection is $7,397,223 and the Utility Fund projection is $3,100,515, for a total of $10,497,738 for next fiscal year. He then highlighted some • the larger General Fund Revenue sources such as general property taxes and other local taxes, Mr, Nance asked about the reduction in the bank stock taxes and Mr. Thompson responded that it is an accurate figure based on information from the banks, Mr. Thompson said the amount is based on the total assets of the banks in Virginia and this is our proportionate 2mount based on our local *ranches, The Town Manager next commented on charges for services which includes the War Memorial income. Mr. Hare commented that since Ms. Hodges indicated her goal for the upcoming fiscal year is an increase of 20%, he would like to see her budget increased at least 10% from $125,000 to $137,500 and to decrease another item. Mr. Nance asked about the state sales tax projection and does it account for any accruals. Mr. Thompson indicated it does not. Mr. Hare suggested we take the $12,500.00 from the state sales tax to increase the War Memorial budget and Council agreed. The fee for transport line item covers all calls for basic life support and advanced li4 support. Mr. Hare asked how we handle our charges and billing for transport and the Town Manager responded that we follow Roanoke County's program wherein if someone is unable to pay or does not have insurance, we take a soft approach, Doug Adams responded that a third -party does all the billing for the County. Other revenue items were reviewed in general. Questions were asked about the ATF reimbursement amount of $15,000 and it was explained that this covers the ATF reimbursement for overtime and expenses of our agent. Mr. Thompson also explained that this amount includes Manna ministry traffic control support and any police support contracted at Virginia Tech. Mr. Thompson indicated that $1,000 needs to be added to the recovered EMS contractual line item. This is to cover the cost of a student from National Business College and they will reimburse the Town. The Utility Fund revenues are projected to be $3,101,515 with no proposed increases. Mr. Hare asked where do system development fees come from and the response was from the development of new homes. The Town Manager commented that we will have a debt with the Western Virginia Water Authority with the sewer plant which will have to be incorporated into the FY2013-2014 budget and rates will need to be increased at that time. Mr. Hare as HER EN N N Mr. Hare made a motion to adjourn the work session, seconded by Mr. Nance, and carried by the following vote, with all members voting: Vote 5-0; Yeas (5) - Altice, Hare, Nance, Fidler, Grose; Nays (0) - None. The work session was adjourned at 8:13 p.m. A f�EST- hq() Susan N. Johnson, ' wn Clerk APPROVED j7 a'� ley ' evy tyo s e, 4• �a y o r) - 11