Finance Committee

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Calendar Date:
Thursday, October 7, 2021 - 9:00am

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Meeting Information

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  • Minutes
PDF icon finance_committee_agenda_10-07-2021.pdf (116 KB)

SAUK COUNTY BOARD OF SUPERVISORS

MEETING NOTICE/AGENDA

 

COMMITTEE:      FINANCE

DATE:                  Thursday, October 07, 2021

TIME:                   9:00 a.m.

PLACE:                County Board Room 213, West Square Building, 505 Broadway, Baraboo, WI  53913

REASON FOR MEETING:                            REGULAR

SUBJECTS FOR DISCUSSION:

  1. Call to Order and Certify Compliance with Open Meeting Law.
  2. Adopt Agenda.
  3. Adopt Minutes of Previous Meeting(s).
  4. Public Comment.
  5. Communications.
  6. Business Items.
    1. Discussion and possible action regarding a potential program regarding local TIF projects for infrastructure. (tabled at July 2, 2021 meeting)
    2. Update on the American Rescue Plan.
    3. Budget 2022 update.
    4. Presentation of County financial reports.
  7. Treasurer’s Department Update.
    1. Consider resolution Amending the 2021 Budget to Adjust Agricultural Use Conversion Fee Allocation Related to Reallignment of the Real Property Lister Function.
    2. Discussion and review of Treasurer’s Department 2022 budget.
    3. Monthly report – Year-to-date budget report.  Investment reports.
    4. Review and approval of invoices.
  8. Accounting Department Update.
    1. Discussion and review of Accounting Department 2022 budget.
    2. Monthly report – Year-to-date budget report.
    3. Review and approval of invoices:  Accounting Department
    4. Review and approval of Committee payments.
  9. Next Meeting.
  10. Adjournment.

COPIES TO:

Dorner                   Eberl                       Flint                        Krueger                  McCumber           

Beghin                   Horkan                   Miller                      Geoghegan            Bradley, Casey   

Nelson, Rob          Desmond              

               PREPARED BY:                                                                                 Accounting Department

Any person who has a qualifying disability that requires the meeting or materials at the meeting to be in an accessible location or format should contact Sauk County (608-355-3269 or TTY 608-355-3490) between the hours of 8:00 A.M. and 4:30 P.M., Monday through Friday, exclusive of legal holidays, at least 48 hours in advance of the meeting so that reasonable arrangements can be made to accommodate each request.

PDF icon finance_committee_minutes_10-07-2021.pdf (119 KB)

Sauk County Finance Committee

Thursday, October 7, 2021

County Board Room, West Square Building, Baraboo

Members present: Tom Dorner, Lynn Eberl, Mike Flint, Marty Krueger and Tim McCumber

Others present:  Kerry Beghin, Liz Geoghegan and Lynn Horkan

The meeting was called to order by Chairperson Krueger at 9:12 AM.  Certification of open meeting compliance was given.  Motion by Flint, second by Eberl to adopt the agenda with postponing 6.a. Discussion and possible action regarding a potential program regarding local TIF projects for infrastructure. (tabled at July 2, 2021 meeting).  Motion carried.  Motion by Flint, second by Dorner to adopt the minutes of the previous meeting for September 2 and 30 with the change in meeting room noted.  Motion carried.

Public Comment:  None

Communications:  None

Discussion and possible action regarding a potential program regarding local TIF projects for infrastructure. (tabled at July 2, 2021 meeting)  Postponed to November meeting.

 

Update on the American Rescue Plan (ARPA).

Beghin noted updated summary of approved items by resolutions $1.45 million and the other items planned in the 2022 and subsequent budgets, leaving $3.166 million available.  Discussed the methodology for the project spending and loss of revenues.  Discussed the use of funds and possible partnership with Dane County and the Great Sauk State Trail bridge project. 

 

Budget 2022 update.

Beghin noted no changes since Sept 30 meeting.  Committee had no questions at this time. 

 

Presentation of County financial reports.

Beghin noted July and August reports are both available.  She noted through July sales tax/September payment amounts continue to exceed 2020 collections and other prior years.  2020 and 2021 are both anomalies, not expecting 2022 collections to be as robust as 2021.  Discussed revolving loan bankruptcy possible personal guarantee. 

 

Treasurer’s Department Update.

Consider resolution Amending the 2021 Budget to Adjust Agricultural Use Conversion Fee Allocation Related to Realignment of the Real Property Lister Function.  Motion by Dorner, second by McCumber to approve a resolution Amending the 2021 Budget to Adjust Agricultural Use Conversion Fee Allocation Related to Realignment of the Real Property Lister Function.  Motion carried.

Geoghegan presented the 2022 departmental budget in September.  Only change since presented last month is the agricultural use conversion transfer.   Motion by McCumber, second by Eberl to accept and forward the budget as presented to the budget review on October 15, 2021.  Motion carried.

Geoghegan reviewed departmental activities, year-to-date budget report and investment report. The Committee encouraged short term investments based on signs of interest rate increase.  Motion by Flint, second by Eberl to approve invoices for $200,186.47 and $160,085.07.  Motion carried.

 

Accounting Department Update.

Beghin presented the 2022 departmental budget.  No changes to staffing or operations.  First full year of timekeeping solution in place.  Increased dollars for audit and required actuarial review of health insurance.  Motion by McCumber, second by Eberl to accept and forward the budget as presented to the budget review on October 15, 2021.  Motion carried.

Beghin reviewed departmental activities, financial reports and year-to-date budget report.  Motion by McCumber, second by Dorner to approve invoices for $27,254.48.  Motion carried.  Motion by McCumber, second by Flint to approve committee payments in the amount of $19,501.28.  Motion carried.

 

Next meetings:

Friday, October 15, 2021 at 9:00 am – Budget Review

Thursday, November 4, 2021 at 9:00 am – Regular meeting

 

Motion by McCumber, second by Dorner to adjourn the meeting.  Motion carried.

Respectfully submitted,

Lynn Eberl, Finance Committee Secretary