1
00:00:30,100 --> 00:01:02,630
I think we have a quorum here, there's one person that was expecting, it's not there, but I think we have all the regular members here at the meeting to order. So I don't think we have some mistaken. I don't think we need to seek anybody today. So we'll open up the discussion on the budget and sent out.

2
00:01:02,630 --> 00:01:19,240
So to everyone, not to do a hand, but I sent it out what the comments that had come in and they all came in the other day up to up to right now there's there's no, there's no additional comments.

3
00:01:25,270 --> 00:01:32,230
I think it was good to saw all the comments appear to be favorable and there was the one

4
00:01:32,230 --> 00:01:39,470
that had some issues with how the budget is any, that would be the usual, but I can't

5
00:01:39,470 --> 00:01:41,450
get it towards the budget itself.

6
00:01:41,910 --> 00:01:42,470
All right.

7
00:01:46,950 --> 00:01:56,160
That's why I noticed also anyone else have any comments or discussion?

8
00:02:10,980 --> 00:02:12,040
All right.

9
00:02:12,040 --> 00:02:13,720
looks like something we have to address.

10
00:02:14,000 --> 00:02:16,960
The library's obviously happy with the support they're getting.

11
00:02:27,330 --> 00:02:29,170
Yeah, it's Tim Turan.

12
00:02:30,050 --> 00:02:32,790
I think it all seemed pretty good to me.

13
00:02:32,950 --> 00:02:34,690
I mean, I think Ed's comment is one,

14
00:02:35,490 --> 00:02:40,110
it's worthy of taking note of as we go forward,

15
00:02:40,110 --> 00:02:43,370
not obviously, but this year because of this year is passing,

16
00:02:43,650 --> 00:02:46,270
but I think that when we look at ways of presenting

17
00:02:46,270 --> 00:02:48,870
and sharing information with the public in the future,

18
00:02:49,530 --> 00:02:50,250
worthy of considering.

19
00:02:50,250 --> 00:02:51,070
Right before

20
00:03:01,470 --> 00:03:03,710
we start the mill rate.

21
00:03:07,740 --> 00:03:10,500
They don't go have to officially adopt the budget.

22
00:03:11,380 --> 00:03:12,500
Sure, right.

23
00:03:12,700 --> 00:03:18,380
We have to guess we'll officially adopt, right?

24
00:03:18,820 --> 00:03:21,220
That would be the first step.

25
00:03:23,440 --> 00:03:27,120
So, I'll be happy to make a motion then to adopt the budget

26
00:03:27,700 --> 00:03:31,520
as it was presented, I know that exact figure in front of me,

27
00:03:31,600 --> 00:03:34,900
but maybe you'll fill in the blank on that.

28
00:03:34,900 --> 00:03:35,060
So

29
00:03:38,100 --> 00:03:46,300
the budget total is $32,775,118.

30
00:03:47,760 --> 00:03:49,400
That would be my motion.

31
00:03:50,600 --> 00:03:53,240
I will second the motion. This is Dave. I'll second the motion.

32
00:03:56,040 --> 00:03:57,620
Right. Any other discussion?

33
00:04:00,270 --> 00:04:02,190
Hey, Joe, this is Mark out of work.

34
00:04:02,670 --> 00:04:07,210
I just had one question. I'm trying to understand on the revenue side.

35
00:04:08,250 --> 00:04:12,190
that when we look at projected 2021, which is the budget versus the budget of

36
00:04:12,190 --> 00:04:17,150
for last year, for example, like the total general property tax is going up

37
00:04:17,150 --> 00:04:23,110
for $129,000. Where is that going up? How's that based on?

38
00:04:23,330 --> 00:04:30,450
I know the grain list went up point was at 0.92%, which is $275,000.

39
00:04:31,730 --> 00:04:36,330
I'd have to go look at the formula that's calculating,

40
00:04:38,920 --> 00:04:42,680
but that's the number that balances

41
00:04:42,680 --> 00:04:43,180
the budget.

42
00:04:48,250 --> 00:04:50,790
So does that mean, I guess we'll get in that discussion about the mill rates?

43
00:04:50,930 --> 00:04:55,770
Does that mean the mill rate goes up then? If it only 275,000 dollars, is it increased through

44
00:04:55,770 --> 00:04:56,390
the grain list?

45
00:04:59,010 --> 00:05:04,590
Based upon the calculations, we don't need to increase the

46
00:05:06,070 --> 00:05:17,250
So when we get to the moment discussion, it was lowered a little bit to the collection percentage, but not significant. We're just going to hope for the best.

47
00:05:17,850 --> 00:05:18,150
Yeah.

48
00:05:20,330 --> 00:05:24,590
Yeah, I just, and I apologize because I'm new to this. I just, I can't.

49
00:05:24,590 --> 00:05:32,370
I just don't understand how the general property tax, the total property tax went up more than

50
00:05:33,130 --> 00:05:37,510
what we said in the last document, we said it went up $2,000 to say $5,000, keep them

51
00:05:37,510 --> 00:05:38,330
and they'll rate the same.

52
00:05:39,730 --> 00:05:43,770
And at your point, the collections can probably go, or this was estimated to go down a little

53
00:05:43,770 --> 00:05:43,930
bit.

54
00:05:44,290 --> 00:05:53,630
So, I have to look at last year's calculation, I think in comparison to that, I think there

55
00:05:53,630 --> 00:06:08,510
there was an adjustment related to collections, but I didn't go compare that. So, but this is the calculation, but that is a good question.

56
00:06:11,040 --> 00:06:20,200
Well, why were I asking questions on that one on the revenue because I think it is worthy of note is because we are living in the world of COVID.

57
00:06:20,200 --> 00:06:26,940
and I think today the stock market is turning it into main street and the impact that potentially

58
00:06:26,940 --> 00:06:33,700
this is not over. We are hoping to obviously increase the property tax line assuming everybody is

59
00:06:33,700 --> 00:06:39,460
solvent. You're comfortable Joe and you're comfortable Bob that we have enough cushion if that's not the

60
00:06:39,460 --> 00:06:39,660
case.

61
00:06:44,760 --> 00:06:52,260
If we have to adjust on the expenditure side during the year that would be what we need to

62
00:06:52,260 --> 00:06:57,440
look at. We're not going to really know until January because in July they're going to be

63
00:06:58,160 --> 00:07:03,880
most of that, most of that those payments are escort but January that's not going to be the case.

64
00:07:04,680 --> 00:07:08,040
So we're going to have to monitor closely and look at some of the lines

65
00:07:11,480 --> 00:07:16,900
throughout the year and see what we may need to do to adjust the expenditure side if the revenue

66
00:07:16,900 --> 00:07:19,600
is dramatically different?

67
00:07:20,220 --> 00:07:24,520
Do we have a sense of the flow of people's paying,

68
00:07:24,700 --> 00:07:26,720
meaning I know obviously most people try to pay

69
00:07:27,220 --> 00:07:29,820
on time during the month that they're supposed to pay,

70
00:07:29,900 --> 00:07:31,860
at least the first six months and the next six months.

71
00:07:32,440 --> 00:07:34,620
And then some of it's surely trickling there after.

72
00:07:35,040 --> 00:07:36,980
I have certainly been at fault of that myself,

73
00:07:36,980 --> 00:07:39,760
I can honestly say, happily paid the interest due.

74
00:07:40,260 --> 00:07:43,460
But is there a way to crack it that we know

75
00:07:43,460 --> 00:07:46,220
if it looks like we're gonna have a significant shortfall

76
00:07:46,220 --> 00:07:52,540
given people less than often in the situation in town if they are if we have a situation like that.

77
00:07:55,700 --> 00:08:02,160
Well what we can do is those monthly tax lectures reports that if I pass around that that

78
00:08:02,160 --> 00:08:07,880
you know we can set up something to compare at the prior years, the last two prior years as a benchmark.

79
00:08:09,220 --> 00:08:14,240
You know this year's a little bit impacted that so it might go back two years but we can set up

80
00:08:15,540 --> 00:08:21,960
something so that we can see how it is tracking compared to prior years, how big the gaps are.

81
00:08:23,960 --> 00:08:35,060
That would be the best way to track is just to look at, look at monthly what's happening, where the receivable balance of the collection percentage on that list is, where it was the two previous years.

82
00:08:36,360 --> 00:08:47,260
I think if we could do that with that creating a great pain for anybody in the finance department that might be a useful thing for us to just eyeball from time to time.

83
00:08:47,260 --> 00:08:52,260
Yep, it's done, most of the points being we're going to need to look at our revenues.

84
00:08:53,900 --> 00:09:01,120
Yeah, this is Bob. To Tim's point, I'm going to go to yours, I agree, and for Tim, regardless

85
00:09:01,120 --> 00:09:06,280
of the amount of work it causes, we're going to have to watch the revenue closely this year.

86
00:09:07,600 --> 00:09:14,260
So comparing being able to look monthly as to comparison to what we got last year,

87
00:09:14,260 --> 00:09:19,780
maybe the last couple of years percentage wise, I think would be a good idea and worth the effort.

88
00:09:23,880 --> 00:09:29,520
So it's something when by September we can have that set up because it's easy to build the prior years

89
00:09:29,520 --> 00:09:35,800
and then I'll just be adding each month to it as we go along.

90
00:09:36,100 --> 00:09:40,740
So if we get it set up, I think see what happens over the summer.

91
00:09:41,080 --> 00:09:43,000
Again, I think July will be better.

92
00:09:43,680 --> 00:09:51,100
October 1 is, you know, the date for the low interest program, so that'll be another date to

93
00:09:51,100 --> 00:09:58,160
measure against, but I think January is the big, the most important date is what happens for

94
00:09:58,160 --> 00:10:03,860
the real estate payments since they may not have been escrowed, what happens with those collections

95
00:10:03,860 --> 00:10:09,660
in the month of January. And then that will set the tone for the rest of the year if we need to look at

96
00:10:09,660 --> 00:10:17,640
spending what can we do it out that that will be the the time to depending on

97
00:10:17,640 --> 00:10:20,540
dramatic the the revenue side looks.

98
00:10:25,100 --> 00:10:26,040
Great thanks Joe.

99
00:10:50,070 --> 00:10:50,890
I think we have to vote.

100
00:10:51,690 --> 00:11:03,500
We have to vote on the milk rate. Correct. The milk rate. I think we have to we're

101
00:11:03,500 --> 00:11:04,580
We didn't actually take a vote.

102
00:11:05,300 --> 00:11:06,800
Okay, all right.

103
00:11:07,300 --> 00:11:09,400
It's just to be the only one or two votes.

104
00:11:09,780 --> 00:11:13,530
So all in favor?

105
00:11:15,450 --> 00:11:15,970
Five.

106
00:11:18,070 --> 00:11:18,590
Opposed?

107
00:11:20,990 --> 00:11:21,110
All right.

108
00:11:21,210 --> 00:11:21,890
Mark out of the name.

109
00:11:27,660 --> 00:11:30,040
So the motion passes this projected budget

110
00:11:30,040 --> 00:11:33,580
at the 32 million, 775, 118.

111
00:11:37,330 --> 00:11:40,810
So again, the mill rate as we have planned

112
00:11:44,150 --> 00:11:53,690
that number would be the 31.69 balance the budget as was the prior year.

113
00:11:58,340 --> 00:12:01,300
And that's at a 90.5% collection.

114
00:12:01,320 --> 00:12:04,280
Again, did reduce it a little bit. It's not a huge impact.

115
00:12:07,530 --> 00:12:11,910
Again, we'll have to manage it like we discussed when we have more information.

116
00:12:11,910 --> 00:12:12,730
Yeah,

117
00:12:16,330 --> 00:12:29,850
I agree with the discussion that we're going to have to be careful with that, but that's that's a fair starting question in particular rate at 31.6 and the collection at 95.

118
00:12:38,560 --> 00:12:39,360
Do I have a second?

119
00:12:44,460 --> 00:12:45,660
Yeah, this is Dave. I'll second.

120
00:12:48,780 --> 00:12:50,800
Okay. Any other discussion?

121
00:12:53,270 --> 00:12:58,710
Hey, job. Just curious that the 98.5. What's it normally set in the budget at is a cartoon rate?

122
00:12:58,710 --> 00:12:58,750
Okay.

123
00:13:01,070 --> 00:13:05,790
98.7 or 75 because what we've been using in the past.

124
00:13:06,210 --> 00:13:07,110
Okay. Thank you.

125
00:13:07,170 --> 00:13:07,910
Thank you.

126
00:13:08,410 --> 00:13:09,050
In

127
00:13:16,600 --> 00:13:16,900
favor.

128
00:13:18,260 --> 00:13:18,900
Hi.

129
00:13:19,400 --> 00:13:19,660
Hi.

130
00:13:20,280 --> 00:13:20,660
Hi.

131
00:13:21,020 --> 00:13:23,440
I proposed.

132
00:13:25,890 --> 00:13:26,390
The thing.

133
00:13:27,950 --> 00:13:29,170
All right. Great.

134
00:13:29,170 --> 00:13:29,590
Thank you very much.