June 15, 2015 – Finance Committee Meeting Video

This meeting was called to discuss the 2016 Tax Budget (see PDF of 2016 Tax Budget). Every year, the City must submit the Tax Budget to the County Budget Commission. The Commission uses this document to justify the City’s property tax levies.

June 15, 2015 – Finance Committee Meeting

  • Finance Director’s Presentation on the 2016 Tax Budget (0:52)
    • Division of Taxes Levied (3:15)
    • 2016 Budget based on 2015 Budget (4:53)
    • Senior Center and Recreation not in 2016 Budget (6:00)
    • (6:38)
    • Overview of Beginning Balances (10:48)
      • Sewer Maintenance – expenses incorrectly went to Bond Fund (12:08)
      • Solid Waste Fund – transferring money to General Fund (12:59)
      • Escrow Account – fund is under audit (13:47)
    • Overview of Ending Balances (14:52)
      • Police/Fire Funds (16:00)
      • Solid Waste Fund – transfers to General Fund (16:44)
      • Escrow Account – disbursements were not properly recorded (17:00)
  • Jackson – Will the 2015 budget be changed? (18:26)
    • Finance Director – budget is “under control”(19:27)
  • Adams – Do we have any fund available for the Senior Center after August? (21:08)
    • The budget is “pretty tight” (21:43)
    • The situation with the Senior Center is being reassessed (23:28)
    • Everything is “tentative” with the Senior Center (27:07)
  • Jones – suggestion to change proposed tax levy to also include recreation (32:03)
  • Brownlee – why is the ending balance of 2015 different from the beginning balance of 2016? (43:59)
    • Finance Director – the ending balance should not correspond to the beginning balance (46:30)
  • Brownlee – the finances in Maple Heights is a shell game (47:13)
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