Financial Services Committee
Rochester Hills
1000 Rochester Hills |
Drive |
Rochester Hills, MI 48309 |
Home Page: www. |
rochesterhills.org |
Minutes
Donald Atkinson, Bryan Barnett, David Byrne, John Dalton, Kurt Dawson, |
Melinda Hill, Julie Jenuwine, Jillian Rataj, Lee Zendel |
5:00 PM
1000 Rochester Hills Drive
Thursday, October 21, 2004
CALL TO ORDER
Chairperson Melinda Hill called the Financial Services Committee |
meeting to order at 5:27 p.m. |
ROLL CALL
Melinda Hill, Bryan Barnett, John Dalton, Donald Atkinson and Lee Zendel
Present:
Non-Voting Members Present: Kurt Dawson, Julie Jenuwine |
Non-Voting Members Absent: David Byrne and Jillian Rataj |
Youth Representative Jillian Rataj provided previous notice that she was not able to |
attend and asked to be excused. |
APPROVAL OF MINUTES
2004-0674
Regular Meeting - June 24, 2004
062404 FS Draft Minutes.pdf; Resolution.pdf
A motion was made by Zendel, seconded by Barnett, that this matter be |
Approved. |
Resolved that the Financial Services Committee hereby approves the Minutes of |
the Regular Meeting of June 24, 2004 as presented. |
The motion carried by the following vote: |
Aye:
Hill, Barnett, Dalton, Atkinson and Zendel
2004-0898
Regular Meeting - July 22, 2004
20040722FS Draft Minutes.pdf; 20040722 Resolution.pdf
A motion was made by Zendel, seconded by Barnett, that this matter be |
Approved. |
Resolved that the Financial Services Committee hereby approves the Minutes of |
the Regular Meeting of July 22, 2004 as presented. |
The motion carried by the following vote: |
Aye:
Hill, Barnett, Dalton, Atkinson and Zendel
COMMUNICATIONS
2004-0899
Amended Financial Services Bylaws
FS Bylaws Final 09-22-04.pdf; Memo Galeczka - Bylaws Amdmts 092204. |
pdf |
Chairperson Hill noted everyone received a copy of the amended Financial Services |
Committee Bylaws. |
Closed
UNFINISHED BUSINESS
2004-0541
Auditing Services Discussion - Potential RFP
Auditor RFP Memo.pdf; Memo Jenuwine 101504.pdf
Julie Jenuwine provided to Committee information pertaining to Auditing Services - |
Potential RFP including the following: |
* City currently has an RFP out for Financials Auditing Services and Compliance. |
* City employees will be involved with selection process. |
* Goal is to have a selection made by the end of November. |
* Committee members were invited to participate in selection process. |
* Mr. Lee Zendel, Citizen Representative, offered to be part of selection process. |
Discussed
2004-0684
Budget vs. Actuals Review - 2004
Chairperson Hill noted that this item was discussed in July and no further discussion |
was needed. |
Closed
NEW BUSINESS
2004-0891
Third Quarter 2004 (YTD October) Variance Report.
financials expenditures.pdf; financials revenue.pdf; financials trial balance. |
pdf; Memo re 3rd quarter variance reports.doc |
Ms. Jenuwine provided to Committee information with explanation of Third Quarter 2004 |
(YTD October) Variance Report as follows: |
* Variance reports are actual expenditures of revenue to budget after the |
third quarter, which is ending 09/30/04. |
* Debts are at (100%) one-hundred percent, two payments made annually. |
* OPC is slightly higher caused by capital expenditures that were not budgeted |
and OPC will submit a budget amendment for 4th quarter. |
* RARA is slightly high and will submit a budget amendment. |
* It was noted that the third quarter budget amendments will be reflected in |
Discussed
YOUTH COMMENTS
None Presented
ANY OTHER BUSINESS
Ms. Hill made mention that DWSD released water rate increases for |
next year at three (3%) to three and one-half (3 1/2%) percent. |
NEXT MEETING DATE
November 18, 2004
ADJOURNMENT
There being no further business to discuss, Chairperson Hill adjourned |
Minutes prepared by Sue Busam. |
NOTE:
Minutes were approved as presented at the February 17, 2005, Regular Financial |
Services Committee Meeting. |