HomeMy WebLinkAboutMinutes BOC 0327081
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CITY OF PALM BEACH GARDENS
BUDGET OVERSIGHT COMMITTEE
REGULAR MEETING
MARCH 27, 2008
The March 27, 2008 Regular Meeting of the Budget Oversight Committee of the City of Palm
Beach Gardens, Florida was called to order at 8:38 a.m. in the Council Chambers of the
Municipal Complex, located at 10500 North Military Trail, Palm Beach Gardens, Florida, by
Chair Harvey Goldberg.
I. PLEDGE OF ALLEGIANCE
II. ROLL CALL
The Municipal Services Coordinator called the roll.
Members Present: Harvey Goldberg, Chair
L. Marc Cohn, Vice Chair
Mark Veil
Members Absent: Bernard Pettingill
Also in Attendance: Allan Owens, Finance Administrator /Staff Liaison
Mary Anderson- Pickle, Deputy Finance Administrator
III. ADDITIONS, DELETIONS, MODIFICATIONS
None.
IV. APPROVAL OF MINUTES
Motion
Mark Veil made a motion for approval of the January 24, 2008 minutes. L. Mark Cohn
seconded. Motion carried unanimously, 3-0.
V. ITEMS BY STAFF LIAISON
None.
VI. OLD BUSINESS
Finance Administrator Allan Owens presented highlights of the Government Accounting
Standards Board (BASB) 45 and Other Post Employment Benefits (OPEB). Discussion
ensued.
Motion
Harvey Goldberg made a motion for Board concurrence with staff for recommendation to
continue the pay-as-you-go financing method and re- evaluate funding options every two
years. Seconded by Mark Cohn. Motion approved unanimously, 3 -0.
BUDGET OVERSIGHT COMMITTEE MEETING
03.27.08
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Board Member Agwrove Denv
Harvey Goldber, Chair ✓
L. Marc Cohn, Vice Chair ✓
Mark Veil ✓
Deputy Finance Administrator Mary Anderson- Pickle discussed the early stages of the
fiscal 2008 -2009 budget process.
• Actual revenue for the 2008 -2009 budget will be approximately $2.3 million less
than last year based on a static millage rate.
• Department heads have been given target amounts to reduce their current year budget,
and are due to Finance by April 7, 2008.
• Better revenue estimates will not be available until June.
• Councilmember Jody Barnett suggested two town meetings in May for informal
resident input for possible budget savings.
• L. Marc Cohn stated the City Council could choose to increase the millage rate. Allan
Owens stated the millage rate can only increase according to the Florida per capita
income growth, which is estimated at 4.15 percent over the 2007 roll back rate.
VII. NEW BUSINESS
None.
VIII. PUBLIC COMMENTS
None.
(The remainder of this page intentionally left blank.)
BUDGET OVERSIGHT COMMITTEE MEETING
03.27.08
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I IX. ADJOURNMENT
2 With no further business to come before the Committee, L. Marc Cohn made a motion for
3 adjournment. Mark Veil seconded. Motion carried unanimously, 3 -0. The meeting adjourned at
4 9:27 a.m. The next regular meeting will be held April 24, 2008.
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9 Harvey G ldberg, Chair
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13 L. Marc Cohn, Vice Chair
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17 Bernard Pettingill, Zwmittee Member
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21 Mark Veil, Committee Member
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25 (Vacancy)
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30 Attest:
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34 Donna M. Cannon
35 Municipal Services Coordinator
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41 NOTE: These action minutes are prepared in compliance with 286.011 F.S. and are not verbatim
42 transcripts of the meeting. A verbatim audio recording is available from the Office of the City Clerk. All
43 referenced attachments on file in the Office of the City Clerk.
BUDGET OVERSIGHT COMMITTEE MEETING PAGE 3
03.27.08