HomeMy WebLinkAbout09-24-2012 Regular MeetingPublic Meeting Notice
Committee: Fairhope Financial Advisory Committee
Date & Ti1ne: Monday, September 24, 2012 at 4:45 p.m.
Place: Delcha1nps Room
161 North Section Street
Subject: See Attached Agenda
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City of Fairhope Financial Advisory Committee
Agenda -Monday, September 24, 2012
4:45 p.m. in Delchamps Room at City Hall
City Hall -161 N. Section St., Fairhope, AL
1. Approval of Minutes for July 23 , 2012 Regular Meeting.
2. Discussion and recommendation regarding FY2013 Budget.
Schedule Of Future Meetings
(Note: Regular meetings are on the 4 th Monday of each month at 4:45 p.m. in the
Delchamps Room at City Hall, 161 N. Section St., Fairhope, AL.)
• Next regular meeting: Monday, October 22 , 2012
STATE OF ALABAMA )(
COUNTY OF BALDWIN )(
The Financial Advisory Committee met at 4 :45 p.m.,
City Hall , Delchamps Room, 161 North Section Street,
Fairhope, Alabama 36532, on Monday, 24 September 2012 .
Present were:
Members : Stan Grubin, Mac Mccawley, Marvin Wilder, John Brown, and Bob Riggs.
Ex-Officio Members : Debbie Quinn, Lonnie Mix on, and Rick Kingrea.
Chairman Chuck Zunk, Mayor Kant, Dan Stanko ski, and Mike Ford were absent.
Lonnie Mixon called the meeting to order at 4:45 p.m. He announced that the
first item is to approve the minutes from the July 23 , 2012 Financial Advisory Committee
meeting. Mr. Mi x on asked if there were any corrections to the minutes from the 23 July
2012 , Financial Advisory Committee meeting. He then stated ifthere are no corrections ,
the minutes stand approved as written .
The nex t item on the agenda was the Discussion and Recommendation regarding the
FY2013 Budget. Mr. Mixon mentioned the resolution on the City Council agenda which
would extend the 2012 budget through the month of October until the newly elected
Council takes office . He thanked everyone for being on the Financial Advisory
Committee and said they did a great job and were very much appreciated.
Councilmember Quinn also thanked everyone and hopes that the n ew Council would
keep up the committee .
Mac McCawley mov ed to recommend to the City Council to approve the resolution to
extend the 2012 Budget through the month of October which is the agenda for the City
Council meeting. Seconded by Bob Riggs , motion passed unanimously b y voice vote.
Councilmember Quinn questioned the debt repayment from the Sales Tax. City
Treasurer Nancy Wilson replied that the Reserve has met the $7 .0 million and the City
has many debts to repay.
Stan Grubin moved to adjourn the meeting. Seconded by Marvin Wilder, motion
passed unanimously by voice vote.
There being no further business to come before the Financial Adv isory Committee,
the meeting was dul y adjourned at 4:52 p.m.
Lonnie L. Mixon, Acting Chairman Lisa A . Hanks , City Clerk