HomeMy WebLinkAbout2002-08-07 Finance Committee Minutes '
FINANCE COMMITTEE '
August 7, 2002
Minutes �
1. Consent Agenda - approved
a. Council Resolve 02-293, Accepting and Appropriating FAA Grant Funds �
for the Rehabilitation of Certain Runway, Taxiways and Hold Aprons
b. Used Vehicle Purchases
2. Bids/Purchasing �
a. Boiler pock 11 — BIA — Northeast Mechanical - $46,321 - approved ,
b. Bus Panel Advertising Contract — Bus — Marketing, Media & Wellman -
approved
c. Anti-Virus Software — Information Services — To Be Provided at Meeting - '
tabled
d. Fence Installation — Pine Grove Cemetery — Security Fence - $5,790 -
approved '
e. Tri-Plex Greens Mower — Golf Course — Hammond Tractor - $8,472 -
approved
f. Used Golf Carts — Golf Course — Venture Vehicles - $Z2,320 - approved '
g. Front End Loader — Motor Pool — Nortrax - $100,819 — recommended to
Council ,
h. Pick-Up Truck/Service Body — Motor Pool — Varney GMC - $21,594 -
approved
i. Pick-Up Truck — Motor Pool — J.K. Wright - $16,790 - approved �
j. Police Cruisers (3) — Motor Pool — Darling's Ford - $67,974 - approved
k. Swimming Pool Design Services — To Be Provided at Meeting — Staff
recommendation of Carpenter Associates in the amount of $135,000 — �
recommended to Council
I. Paving City Streets — Engineering —To Be Provided at Meeting — Staff
recommendation of Lane Construction in the amount of $586,542 — ,
recommended to Council
m. Waive Procurement Procedures — NFF Site Preparation- Engineering -
approved ,
n. 87 Octane Gasoline Contract— City Wide — Webber Energy Fuel -
approved
3. Executive Session — Hardship Abatement ,
4. Open Session — Hardship Abatement— approved Stout application for �
1�` half of 2003 taxes
5. Executive Session — Hardship Abatement ,
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� 6. Open Session — Hardship Abatement — approved Watts application
for 2002 Real Estate Lien
� Motion to take last item out of order — approved
� 8. Council Order, Establishing a Designated Fund Balance Reserve
Entitled: "Master Transaction Agreement"
, This reserve would be used to account for the receipt/payment of cost
report settlements related to the City Nursing Facility. As well as provide
a source of funding non-grant funded Heaith & Welfare division utility
� reimbursements as required under the Master Transaction Agreement with
Bangor Nursing & Rehab Center. - approved
� 7. Discussion of City's Accounting Policy and Procedures
In the wake of the numerous accounting and auditing issues in the media,
staff will discuss the City's accounting policies and procedures as well as
� the relationship with our Independent Auditors. — Staff presented
information on the City's relationship with Runyon Kersteen Oueliette
(RKO). RKO works for the Council not management. RKO does not
, provide any other services to the City except for the audit. Staff discussed
the differences between the accounting for City finances versus
, corporations and the federal government.
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