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HomeMy WebLinkAbout2018-08-14 Meeting AgendaFinance Committee Meeting Commission Chamber- 8/14/2018- 1:10 PM FINANCE 1.Present the financial report of the six-month period ended June 30, 2018. Attachments 2.Mr. Brad Owens - Discuss initial briefing on a financial proposal to save the Lock and Dam. (Requested by Mayor Pro Tem Mary Davis) Attachments 3.Motion to approve the minutes of the Finance Committee held on July 31, 2017.Attachments www.augustaga.gov Finance Committee Meeting 8/14/2018 1:10 PM 2nd Quarter 2018 Financial Reports Department:Finance Presenter:Donna Williams, Finance Director Caption:Present the financial report of the six-month period ended June 30, 2018. Background:Periodic financial reports are presented to keep the Commission apprised of the financial status of the organization Analysis:The reports focus on the of operations for the following funds: General Fund Urban Service Fund Law Enforcement Fire Protection Water & Sewerage Garbage Collection Augusta Regional Airport Stormwater Utility Financial Impact:n/a Alternatives:n/a Recommendation:Receive as information Funds are Available in the Following Accounts: n/a REVIEWED AND APPROVED BY: Finance. Law. Administrator. Clerk of Commission Cover Memo Item # 1 Cover Memo Item # 1 Finance Committee Meeting 8/14/2018 1:10 PM Lock and Dam Department: Presenter:Mr. Brad Owens Caption:Mr. Brad Owens - Discuss initial briefing on a financial proposal to save the Lock and Dam. (Requested by Mayor Pro Tem Mary Davis) Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: Cover Memo Item # 2 Finance Committee Meeting 8/14/2018 1:10 PM Minutes Department:Clerk of Commission Presenter: Caption:Motion to approve the minutes of the Finance Committee held on July 31, 2017. Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: Cover Memo Item # 3 -fr.t - 713U2018Finance Commiffee Meeting Commission Chamber ATTENDANCE: Present: Hons. Hardie Davis, Jr., Mayor; Frantom, Chairman; Sias, Vice Chairman; Hasan, member. Absent: Hon. Guilfoyle, member. FINANCE 1. As part of the annual audit process, the results of the audit are presented to the Item commission by our audit firm - Mauldin & Jenkins. Action: Approved Motions Motion Motion Text'r'ype Motion to approve a.-.- _-___ receiving this item asADDTOVE- -rr--'- information. Motion Passes 3-0. 2. Discuss adding the Finance Committee to the 2019 Budget review meetings ltem with the dept heads and the administrators office (Sept. 3-14) - Get an update Action: on the two items below 1) - Balance of Contingency Fund List of all Approved expenditures from the Contingency Fund for 2018 to include recipient department2) Balance of Capital Contingency Fund List of all expenditures from Capital Contingency Fund for 2018 to include recipient department. (Requested by Commissioner Sean Frantom) Made By Seconded By Motion Result Commissioner Commissioner Ben Hasan sammie Sias Passes Motions Motion Type Approve Motion Text Motion to approve with the Chairman and Vice Chairman as the main Made By Commissioner Ben Hasan seconded By f"'rtir" Commisioner Passes Sean Frantom Attachment number 1 \nPage 1 of 2 Item # 3 attendees and the members filling in when if the Chairman and Vice Chairman are unable to come. Motion Passes 3-0. 3. Motion to approve the minutes of the Finance Committee held on July 10, Item2018. Action: Approved Motions Y:'1" Motion Text Made By Seconded By Motion'I'YPe 't -------- -r Result Motion to Approve ffifi""hasses s:rffi:;f*' s;#'ff,'j'Jl*" passes 3-0. 4. Motion to approve $17,000 funding from contingency for the Record ltem Restriction Program. Action: Approved Motions Motion ,r^1:^_ ,-r!^__a rr r n d Motion;""'"- Motion Text Made By Seconded By|YPe - - ----- -' Result Motion to ^ approve. Commissioner CommissionerApprove Motion passes Ben Hasan Sammie Sias Passes 3-0. www.augustaqa.gov Attachment number 1 \nPage 2 of 2 Item # 3