|2014 ACCOUNTS REVIEWED|
END OF YEAR CLOSE OUT 10-15-14 LMS
City Finance Director Amy Fealko provided an end-of-budget-year closeout report to an October 8 meeting of the cityís Finance Team and according to Team Chairman/Councilman Jim Bockelman all expenditures in the major accounts are in line and all is looking good.
He told the October 15 City Council meeting that Fealko will provide each councilman with the closeout report.
The Finance Team met with representatives from the Senior Center to start the process of reviewing its past agreement with the city. The most recent agreement was made in 2009 and has not been updated since. Bockelman said many unknowns surfaced during the discussion and the topic will be continued at the next Finance Team meeting.
Sherri Lukens and Matt Spencer provided the team with cost estimates on converting the city to a totally solar system. The figure presented is in the low millions of dollars with a payback in the ten to 15 year range. Bockelman quoted them as saying the savings in energy costs would begin in the low hundreds of thousands annually and increase from seven to 15 percent per year as the costs for more conventional forms of energy continue to increase. He said the Finance Team feels solar is an option that merits careful analysis and will continue to explore the possibilities.
Bockelman reported that Scott Benton and Sherman Dickens joined the Finance Teamís discussion regarding an upgrade to the cityís camera system. He said they gave the team a lot of information on how the present system works and what has been done to improve it to date. Benton provided a list of on-going issues along with suggested remedies to further improve the system. In his estimation new software and an improved computer system should be purchased in order to make the total camera system work as it is supposed to work. He also suggested adding a backup hard drive to protect what has been programmed. Benton and Dickens will continue to research system needs and report their findings to the Finance Team.
The next meeting of the Finance Team will be November 12 at 11AM in the Salmon Valley Center meeting room. The meetings are open to the public.
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