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Finance Committee Meeting Commission Chamber- 6/9/2014- 1:00 PM
FINANCE
1. Discuss long-range budget projections and ascertain whether a
2015 Balanced Budget is possible without an increase in taxes.
HB386 eliminated sales tax charged on energy purchased by
manufacturing companies. Implementation began in 2013. Lost
revenue to ARC will be $1 million in 2013, $2 million in 2014,
$3 million in 2015 and $4 million in 2016. The 2014 General
Assembly made changes to tax laws that are estimated to cost
Georgia Local Governments $153 million over five years. These
revenue losses must be recouped and will not properly be
addressed by department cuts and continued employee wage
freezes. To continue to provide the services our citizens deserve
and demand we must be able to replace lost revenue.
(Requested by Commissioner Bill Lockett)
Attachments
2. Motion to approve the minutes of the Finance Committee held
on May 12, 2014.
Attachments
3. Motion to approve allowing members of the Augusta
Commission to purchase their respective chamber (surplus)
chairs in the amount of $25 each in accordance with IRS
regulations of depreciation.
Attachments
4. Discuss employees attending the June 2 - 7 SUNGARD
Software Conference held in Anaheim, CA. (Requested by
Commissioner Marion Williams)
Attachments
Finance Committee Meeting
6/9/2014 1:00 PM
HB386 Energy Tax
Department:
Caption:Discuss long-range budget projections and ascertain whether a
2015 Balanced Budget is possible without an increase in taxes.
HB386 eliminated sales tax charged on energy purchased by
manufacturing companies. Implementation began in 2013. Lost
revenue to ARC will be $1 million in 2013, $2 million in 2014, $3
million in 2015 and $4 million in 2016. The 2014 General
Assembly made changes to tax laws that are estimated to cost
Georgia Local Governments $153 million over five years. These
revenue losses must be recouped and will not properly be
addressed by department cuts and continued employee wage
freezes. To continue to provide the services our citizens deserve
and demand we must be able to replace lost revenue. (Requested
by Commissioner Bill Lockett)
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 1
Finance Committee Meeting
6/9/2014 1:00 PM
Minutes
Department:Clerk of Commission
Caption:Motion to approve the minutes of the Finance Committee held on
May 12, 2014.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 2
Attachment number 1 \nPage 1 of 2
Item # 2
Attachment number 1 \nPage 2 of 2
Item # 2
Finance Committee Meeting
6/9/2014 1:00 PM
Purchase of Commission Chairs
Department:
Caption:Motion to approve allowing members of the Augusta
Commission to purchase their respective chamber (surplus) chairs
in the amount of $25 each in accordance with IRS regulations of
depreciation.
Background:February 1, 2005 the Augusta Commission approved
allowing members of the Augusta Commission to purchase their
respective chamber (surplus) chairs in the amount of $25 each
after the Finance Department in accordance with IRS regulations
declared that the office furniture was depreciated fully.
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 3
Attachment number 1 \nPage 1 of 4
Item # 3
Attachment number 1 \nPage 2 of 4
Item # 3
Attachment number 1 \nPage 3 of 4
Item # 3
Attachment number 1 \nPage 4 of 4
Item # 3
Finance Committee Meeting
6/9/2014 1:00 PM
Sungard Conference
Department:
Caption:Discuss employees attending the June 2 - 7 SUNGARD Software
Conference held in Anaheim, CA. (Requested by Commissioner
Marion Williams)
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 4
Attachment number 1 \nPage 1 of 2
Item # 4
Attachment number 1 \nPage 2 of 2
Item # 4