Monday, July 20, 2009
New Committee to Help Shape Next Year's Budget
A newly formed Financial Advisory Committee, consisting of 3 CPAs and others with corporate financial experience (all unpaid volunteers) , will be assisting the Council/Mayor in forming the next fiscal year's budget. According to Finance Chairman Lonnie Mixon, " To provide greater city government transparency . . . a Committee of experienced business people, subject to the Al. Open Meetings Act, . . . will serve at the pleasure of the council . . . to investigate/analyze all aspects of city finances taking into account recommendations made by the Strategic Planning Committee . . . and make recommendations to the City Council." Members include John Brown, Richard Kwaipel, Stan Grubin, Mac MacCauley, Marvin Wilder, Chuck Zunk , Tim Kant and the City Council (ex officio). Mixon: "A $60 million yearly budget is no small task to manage . . . a wide range of experience is needed." "Particular attention must be given to current/future debt and large capital outlays." The Council asked the Mayor/Administration to have their proposed new budget ready for review by no later than Sept 1st.