08/25/2015 MINUTES - Laserfiche WebLink

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Mr. Wilson detailed items and issues with the current monthly budget spreadsheet that is regularly presented at each Board Meeting. Mr. Wilson then proposed a new layout with consolidated budget items. Mr. Wilson detailed the Spreadsheet and explained the makeup of the totals listed. Mr. Wilson explained he has added in the Cash Flow to the budget spreadsheet. Mr. Wilson explained the transfers from the I & S account. Mr. Wilson stated he has gone back to the beginning of the year to show the Cash Balance and to give a more accurate accounting on Cash Balances, not just total expenses. Mr. Wilson explained this will show a better picture of the budget at the end of the year. Mr. Wilson stated he had collaborated with Gene Anderson and Mr. Anderson had added a tracking of a transfer previous in the year that had not been entered before this meeting. Mr. Banks asked about projected figures of obligations. Mr. Wilson stated that was still to be determined. Mr. Wilson stated some of the obligations have been delayed and or are in process therefore the obligation items are still to be determined. Mr. Wilson stated when the upcoming bond payment is due the funds are already set aside, and will not come out of Cash. When the check is written it should only affect the total on the bond sinking fund. Mr. Brockman made a motion to accept the July Financials. The motion was seconded by Ray Banks. Motion carried 5 -0. Discuss and possibly take action on 2015 -2016 Budget. Mr. Wilson presented the 2015 -16 projected budget. Mr. Wilson stated all items listed had been discussed previously on page one. Mr. Wilson pointed out the amount in Marketing and Promotion Airport fund of $10,000 and Retention for $15,000 was included in Marketing and Promotion in general for $50,000.00 totals for $75,000. Mr. Wilson stated the totals were $376,900.00 Mr. Wilson went on to say the breakdowns yet to be approved were Jobs Training amounts Work Keys was $35,000. Jay Skinner training was yet to be determined and incentives were separated at $25,000 and he had no idea if Skinner would meet the compliance of required employees. Mr. Wilson stated T & K had an original amount of $11,000 and has yet to be signed. Bodyguard incentive trainings were $13,371.00. Mr. Wilson stated Bodyguard would use some this year. Paris Lakes was $250,000. Rogers Wade is $0. J. Skinner was moved from this year to next year due to being a potential liability. Potter Industries could be $16,000 this year plus training and has not been paid. Mr. Wilson stated $8000.00 will be all that's left next year for Potters. Mr.