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00:00:00,000 --> 00:00:05,720
town council salaries, and then the
clerk's salaries, marshal salaries. So,

2
00:00:03,720 --> 00:00:08,640
it it goes into all of that granular
detail.

3
00:00:07,040 --> 00:00:12,880
All of this detail, and then later in
this report you'll find calculations for

4
00:00:10,480 --> 00:00:16,360
property tax, other revenues, etc. that
we put into your budget, which

5
00:00:14,520 --> 00:00:20,000
essentially summarize back into that
budget form for ordinance that you all

6
00:00:18,160 --> 00:00:24,960
read.
So, this is kind of like all of the

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00:00:21,960 --> 00:00:29,520
data. Um what we do then is we turn
around and prepare the one that the

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00:00:26,680 --> 00:00:31,640
clock, which is the summary of all of
that.

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00:00:30,760 --> 00:00:36,520
Um
so, this is your summary of your 2027

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00:00:34,200 --> 00:00:39,960
budget. So, I'm going to flip to page
one.

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00:00:38,000 --> 00:00:46,080
There's a a lot of numbers on here, but
it's essentially most of everything that

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00:00:42,400 --> 00:00:52,240
is in the thicker book summarized on a
fund level, how do the proposed 2027

13
00:00:49,560 --> 00:00:55,800
budgets look um for each individual
fund. Now, I will caveat this.

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00:00:54,960 --> 00:00:59,480
Um
the these numbers are kind I don't want

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00:00:57,880 --> 00:01:03,960
to say worst-case scenario cuz we're not
saying there's any worst cases, but they

16
00:01:01,480 --> 00:01:08,760
are assuming you spend your entire every
dollar of your 2026 budget, and then

17
00:01:06,440 --> 00:01:12,760
every dollar of your 2027 budget, which
we know typically is not the case. You

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00:01:10,760 --> 00:01:16,600
guys don't typically spend every single
dollar of your budget. You have some

19
00:01:14,720 --> 00:01:20,840
left over um
anywhere between, you know, 10 and 20%

20
00:01:18,720 --> 00:01:25,760
depending on the year, project timing
items. Um so, this is spent or assumes

21
00:01:23,800 --> 00:01:29,640
full 100%.
But if you look across the top, you'll

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00:01:27,120 --> 00:01:34,280
see kind of your major budget budgeted
funds. Um so, this is only for the civil

23
00:01:32,480 --> 00:01:39,040
town. This one does not have any
utilities in it because utilities per

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00:01:36,680 --> 00:01:43,320
statute do not have to be budgeted for
through the DLGEA. Um

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00:01:41,840 --> 00:01:46,600
so, the top you'll see all of the funds
we included.

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00:01:44,840 --> 00:01:48,080
On the side, you'll see different
categories.

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00:01:48,076 --> 00:01:52,680
» [clears throat]
>> First half of the page are operating

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00:01:49,840 --> 00:01:55,560
receipts, so you'll see um it's broken
out by kind of the major

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00:01:55,000 --> 00:01:59,680
uh
different categories of operating

30
00:01:57,480 --> 00:02:04,560
receipts such as property tax, local
income tax, and then about middle you'll

31
00:02:01,680 --> 00:02:08,399
see there's a total for each fund. Then
the second half of the numbers are the

32
00:02:06,520 --> 00:02:12,080
operating disbursements, which are in
total

33
00:02:09,600 --> 00:02:17,000
broken out by, um,
type. So, for example, salaries and

34
00:02:13,920 --> 00:02:20,000
wages, benefits roll up under personal
services,

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00:02:19,040 --> 00:02:24,720
and things [clears throat] of that
nature.

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00:02:21,440 --> 00:02:28,240
That is your proposed 2027 budget. Um,
and then you'll see there's a total

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00:02:25,880 --> 00:02:33,080
operating disbursements for those. So,
when you take your revenues minus your

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00:02:30,840 --> 00:02:37,160
expenses,
that brings you to that green line,

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00:02:35,120 --> 00:02:41,320
which is the estimated increase or
decrease in cash and investments. So,

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00:02:39,680 --> 00:02:46,959
you know, for example, the general fund,
assuming you spend the entire budget

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00:02:44,840 --> 00:02:50,959
next year, and these numbers are pretty
conservative. So, for example, we don't

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00:02:48,720 --> 00:02:54,800
have like certified local income tax
numbers yet, that's just an estimate.

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00:02:53,440 --> 00:02:58,480
Um, you know, ideally we would like to
see a little bit of growth there. For

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00:02:56,080 --> 00:03:03,400
example, um, if that full budget is
spent, the general fund would see a

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00:03:00,560 --> 00:03:07,280
decrease of about $100,000
next year. But, when you look at the

46
00:03:05,320 --> 00:03:11,680
bold lines, then the ending cash and
investments balance and then operating

47
00:03:09,239 --> 00:03:16,680
percent, you know, even if that that
certainly happens, um, not a concern

48
00:03:14,640 --> 00:03:21,280
because that fund still has a fairly
strong balance.

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00:03:18,360 --> 00:03:25,480
Now, we did highlight a few funds here
if the full budgets are spent such as

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00:03:23,560 --> 00:03:31,360
MBH. Um,
we did highlight them in red just to

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00:03:27,120 --> 00:03:36,200
watch those fund balances in 2027. You
know, um, MBH, local road and street,

52
00:03:33,680 --> 00:03:40,440
those are very, uh, capital project
driven, paving. Um,

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00:03:38,600 --> 00:03:44,080
you know, the town being, uh, a
municipality, you'll have years where,

54
00:03:42,800 --> 00:03:48,160
you know, you spend more money than
other years due to things of that

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00:03:45,560 --> 00:03:52,519
nature. So, nothing that really raises a
flag of oh, this budget will be cut or

56
00:03:49,800 --> 00:03:56,560
this is a major concern. Um, just just
funds to kind of point out for gentlemen

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00:03:54,480 --> 00:04:00,920
to watch during next year to make sure
those fund balances stay healthy

58
00:03:58,120 --> 00:04:00,920
throughout the year.

59
00:04:01,360 --> 00:04:07,920
Any questions overall? No major concerns
with the

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00:04:05,960 --> 00:04:14,852
I mean no concerns at all really with
the proposed 2027 budgets as submitted.

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00:04:11,320 --> 00:04:14,852
Any questions? Anything? [clears throat]

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00:04:16,920 --> 00:04:21,000
Anything you want to add to that? Okay.

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00:04:21,920 --> 00:04:27,480
Okay.
Next steps would be you guys have to

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00:04:25,800 --> 00:04:30,840
have your a public hearing tonight. So
that needs to be in your minutes.

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00:04:29,400 --> 00:04:34,240
You know, that you open and close the
budget public hearing.

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00:04:32,880 --> 00:04:37,680
You can do a
high-level first reading of your

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00:04:35,919 --> 00:04:42,200
ordinance. And then there would really
be no further steps on the budget until

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00:04:39,840 --> 00:04:44,720
your next meeting when you're formally
considering that ordinance and adopting

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00:04:43,880 --> 00:04:47,760
it.
>> Is this motion?

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00:04:46,000 --> 00:04:51,960
Do we do that?
Do we do that now or do we need to do it

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00:04:50,240 --> 00:04:54,800
» Yeah, this is your first reading for
your

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00:04:52,600 --> 00:04:59,000
what she's talking about and then next.
>> Do we do it in the next meeting or now?

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00:04:57,080 --> 00:05:03,320
» You agreed to first reading now. The
second one will pass it in October.

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00:05:01,320 --> 00:05:07,000
» Susie, you mean now as in during the
public hearing

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00:05:04,640 --> 00:05:08,480
in 30 minutes. Not at the next month's
meeting, right?

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00:05:07,480 --> 00:05:11,360
» No, I mean yeah, I did.
>> Sorry.

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00:05:09,360 --> 00:05:13,040
» I didn't understand you. I realized
yeah.

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00:05:11,520 --> 00:05:15,800
» So do we need to do that?
>> Do you Can we do it during the public

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00:05:14,720 --> 00:05:19,720
hearing or can we do it now?
>> I think so.

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00:05:16,760 --> 00:05:19,720
» Okay. All right.

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00:05:20,560 --> 00:05:24,160
» Thank you for clarifying.
>> I thought that's what you meant.

82
00:05:23,320 --> 00:05:27,240
» Sorry.
>> No, you're fine. I understand that.

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00:05:25,680 --> 00:05:30,760
» She understands it because she was in my
classroom. That's why.

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00:05:30,778 --> 00:05:32,798
» [laughter]

85
00:05:34,560 --> 00:05:39,600
» Listen, we didn't get the choice. It
wasn't our decision.

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00:05:37,440 --> 00:05:42,280
» We were the only kids at the time.
>> This is true.

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00:05:47,000 --> 00:05:49,760
» So we don't have to make a motion or
anything about that. Just just the

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00:05:49,400 --> 00:05:52,280
budget.
>> No, we just said the next meeting is

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00:05:51,080 --> 00:05:55,920
when we will pass that.
>> Okay.

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00:05:52,600 --> 00:05:55,920
» All right. For 2027.

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00:05:57,080 --> 00:06:02,600
We'll have a lot to pass at the next
meeting.

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00:05:59,600 --> 00:06:05,840
» So for the I'm assuming for the 2028
budget though the operating balance at

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00:06:04,240 --> 00:06:10,240
the end of the year for the parks and
recreation fund will be better, I'm

94
00:06:09,240 --> 00:06:14,560
hoping.
Yeah, so

95
00:06:12,600 --> 00:06:19,080
the
kind of the tricky part about preparing

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00:06:17,120 --> 00:06:24,560
budgets in Indiana's budget cycle is
where we have to estimate what are your

97
00:06:21,680 --> 00:06:28,640
fund balances at the end of 2026.
Um so typically how it happens is we you

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00:06:26,960 --> 00:06:32,520
know again, we're assuming those fund
balances are a little bit lower than

99
00:06:31,480 --> 00:06:36,280
they
likely will be because we're assuming

100
00:06:34,080 --> 00:06:40,240
you're spending your full 2026 budget
budget down.

101
00:06:37,680 --> 00:06:43,320
Um so then you know, I mean per this
schedule we're assuming park ends the

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00:06:42,240 --> 00:06:49,240
year
with only $6200.

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00:06:46,640 --> 00:06:52,960
Park will likely typically end higher
than that unless the full budget is

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00:06:50,919 --> 00:06:57,000
spent. So then it almost makes the
ending balance for next year a little

105
00:06:54,680 --> 00:07:00,640
bit better. Um however, working with
Dolan with the budget, you know, we had

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00:06:59,120 --> 00:07:04,480
some back and forth this year of like,
hey, we need to move some things around.

107
00:07:02,560 --> 00:07:09,320
The fund balance, you know, might be a
concern and we just work through that

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00:07:07,280 --> 00:07:13,919
um in kind of like when we do the the
budget workshop together. So yes, if we

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00:07:11,880 --> 00:07:18,880
get to a point where the 2028 budget
needs to be lowered or changed or

110
00:07:16,360 --> 00:07:23,520
altered or you know, another tool, we
would work with Dolan and kind of make

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00:07:20,520 --> 00:07:23,520
those proposals.

112
00:07:24,280 --> 00:07:30,200
» Yeah, cuz I think we only had an issue
with

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00:07:27,800 --> 00:07:33,680
park fund and the
local road and street kind of having to

114
00:07:31,760 --> 00:07:36,540
move money. That was our only two issues
for the budget for next year. So we kind

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00:07:35,120 --> 00:07:40,080
of had to lower the local
[clears throat] road and street with the

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00:07:38,120 --> 00:07:44,880
to estimate for the LIT tax changes that
are coming.

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00:07:41,400 --> 00:07:50,800
And then park is just a That's a tough
one every year. So.

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00:07:48,240 --> 00:07:54,280
Is that lit tax is that lit due Yeah,
the lit stuff?

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00:07:51,680 --> 00:07:56,000
» will things be different?
>> Not yet.

120
00:07:55,040 --> 00:08:02,720
» Not yet.
>> Not until 2020. Well, the jury's out on

121
00:08:00,760 --> 00:08:06,160
what year. Initially, it was
interpreting that the revenues would

122
00:08:04,240 --> 00:08:09,920
change in 2029.
Then the DLG came back and said, "No,

123
00:08:08,120 --> 00:08:13,680
it's actually 2030 is how we're
interpreting the statute." But then I've

124
00:08:12,360 --> 00:08:19,560
heard
from legislators that the intent was

125
00:08:17,000 --> 00:08:23,560
2029 and that now they need to modify
the statute to make that more clear. So,

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00:08:21,480 --> 00:08:31,360
it's going to be 2029 or 30 depending on
who has the final say. Um but no, 2027

127
00:08:27,520 --> 00:08:35,080
and 2028 lit revenues will not change
this structure.

128
00:08:41,280 --> 00:08:48,640
» Down there, park
budget, is that funds that also can be

129
00:08:45,680 --> 00:08:53,680
used for park board
or is that just town money?

130
00:08:51,320 --> 00:09:00,040
» Um
that depends. Does your park board

131
00:08:57,640 --> 00:09:04,680
Typically, so most it depends on like
your

132
00:09:01,400 --> 00:09:06,880
your park board and and what
you know,

133
00:09:05,680 --> 00:09:10,160
I'd say
authority that

134
00:09:08,720 --> 00:09:13,040
it was granted to them when they were
established, so there might need to be

135
00:09:11,640 --> 00:09:17,960
like an ordinance written, but
typically, you know, the park board

136
00:09:15,480 --> 00:09:22,480
could make recommendations on what that
budget would be used for to town

137
00:09:20,200 --> 00:09:27,960
council, but ultimately town council
adopts that budget. Um we probably need

138
00:09:25,839 --> 00:09:33,400
to review how that's set up with Justin,
but anything in the park fund could be

139
00:09:31,240 --> 00:09:37,040
used for park expenses.
Whether that is suggested by town

140
00:09:35,120 --> 00:09:40,880
council or park board is
>> They're

141
00:09:38,880 --> 00:09:42,520
they're just now starting.
>> Oh.

142
00:09:41,120 --> 00:09:46,800
» And they don't even have, you know, I
don't think they have

143
00:09:44,720 --> 00:09:51,040
any budget or anything yet. So, they're
trying I think they're trying to get a

144
00:09:48,640 --> 00:09:54,440
five-year plan so they can
I I believe that's what they're doing.

145
00:09:52,760 --> 00:09:57,600
» Mhm. That's why we had to get that new
fund number for that that one I talked

146
00:09:56,760 --> 00:09:59,840
to you about.
>> Okay.

147
00:09:57,920 --> 00:10:02,440
» So, we'll read that ordinance tonight to
get that.

148
00:10:01,800 --> 00:10:04,800
» Okay.
>> Okay.

149
00:10:03,400 --> 00:10:07,840
Yeah, I mean if
I was listening when they were

150
00:10:06,400 --> 00:10:10,000
established, there's an ordinance or
something that

151
00:10:08,480 --> 00:10:15,160
» And established that up.
>> Based on like the legal legalities of

152
00:10:12,400 --> 00:10:20,080
that, you know, I mean they could be the
recommending body to you all like they

153
00:10:17,840 --> 00:10:25,480
would want the park board budget
Yeah, to look like this what's set up.

154
00:10:22,080 --> 00:10:29,400
Okay. Yes, and then you all would would
you know, adopt or not adopt that

155
00:10:27,520 --> 00:10:33,640
proposed budget and and put that in.
But, they don't have like adoption

156
00:10:31,080 --> 00:10:35,720
authority in terms of actually adopting
budgets still the town council.

157
00:10:35,000 --> 00:10:38,040
» Okay.
>> Yeah, okay.

158
00:10:45,120 --> 00:10:50,120
» Do we need to do anything else?
>> I don't have any more questions really.

159
00:10:48,200 --> 00:10:52,720
Do you have any questions?
>> I do.

160
00:10:51,480 --> 00:10:54,120
I don't live in town.
>> Oh.

161
00:10:53,160 --> 00:10:57,400
» Well, I mean
then you can't question this at all.

162
00:10:58,320 --> 00:11:01,600
» I know. Anything else we need to do?
>> No.

163
00:11:01,000 --> 00:11:05,040
» Okay.
>> You asked for public comment. Can you

164
00:11:04,560 --> 00:11:09,080
public comment
>> public hearing.

165
00:11:06,520 --> 00:11:12,800
So, I do have one other report that can
be later on the agenda. I just want to

166
00:11:10,880 --> 00:11:14,960
talk about the utilities really quick.
Um but, that's outside of the budget.

167
00:11:14,360 --> 00:11:16,440
So.
>> Okay.

168
00:11:15,240 --> 00:11:19,040
» So, should we do that?
>> So, we need to close

169
00:11:17,560 --> 00:11:21,600
» Do we need to close the public hearing
and then when 6:30 rolls around start

170
00:11:21,000 --> 00:11:26,080
the regular meeting?
>> Okay. Do we need to have a

171
00:11:23,720 --> 00:11:29,200
motion or do we just close it?
>> I'll make a motion we close the public

172
00:11:27,600 --> 00:11:31,680
hearing at 6:12.
>> I'll second it.

173
00:11:30,720 --> 00:11:34,400
» All those in favor?
>> I.

174
00:11:32,080 --> 00:11:34,400
» I.