Bill Hanebutt, Council Member - Ward II | City of Red Bud
Bill Hanebutt, Council Member - Ward II | City of Red Bud
City of Red Bud Finance Committee met Oct. 21.
Here are the minutes provided by the committee:
Committee Members Present: Rodney Nevois, Alan Piel, Ben Schwartzkopf, Mike Rheinecker, Bill Hanebutt
Committee Members Absent: None
Council Members Present: Curt Guebert, Jeremy DeMond, Kyle Donjon
Council Members Absent: None
Others Present: Mayor Susan Harbaugh, Attorney Rebecca Cooper, City Superintendent Josh Eckart, Code Adm./City Engineer Jeff Mueller, Police Chief John Brittingham, Administrative Officer Jill Landgraf, City Clerk Joanne Cowell
Pledge of Allegiance
Committee Chairman Nevois called the meeting to order at 6:00 P.M.
Old Business
I. Grocery Sales Tax – Ordinance No. 1551
Recommendation made by Committee Chairman Nevois, seconded by Committee Member Hanebutt, to authorize approval of ORDINANCE NO. 1551, “AN ORDINANCE IMPLEMENTING A MUNICIPAL GROCERY SERVICE OCCUPATION TAX FOR THE CITY OF RED BUD.” Carried
New Business
I. Approval of Prior Month’s Meeting Minutes – September 16, 2024 Recommendation made by Committee Chairman Nevois, seconded by Committee Member Piel, to approve the minutes from the September 16, 2024, meeting. Carried
II. CD Information
A. Maturing CDs
There are two CDs maturing October 25, 2024, which will be reinvested.
| GENERAL FUND | AMOUNT | TERM | DIETERICH BANK | BUENA VISTA | NORTH COUNTY SAVINGS |
| City Hall, Code & Plan. Comm. | $500,000.00 | 3 MO | 4.85% | 4.85% | 4.32% |
| Economic Development | $100,000.00 | 3 MO | 4.85% | 4.85 | 4.32% |
| City Hall, Code & Plan. Comm. | $500,000.00 | 6 MO | 4.70% | 4.75% | 4.45% |
| Economic Development | $100,000.00 | 6 MO | 4.70% | 4.75% | 4.45% |
| City Hall, Code & Plan. Comm. | $500,000.00 | 12 MO | 4.45% | 4.65% | 4.45% |
| Economic Development | $100,000.00 | 12 MO | 4.45% | 4.65% | 4.45% |
III. Financial Dashboard
Chairman Nevois reviewed the financial summary. The budget is at 42% of the year, the revenue is 5% over budget ($126,735), while expenses are 28% below the budget ($1,530,000).
IV. RMA Insurance Renewal
The Risk Management Association submitted an invoice for the Work Comp, Auto Liability & Comprehensive General Liability, Portable Equipment, Auto Physical Damage and Property Insurance for January 1, 2025-2026. Overall, there is a 2.5% premium increase. The total invoice of $240,074, includes a 1% discount, if paid before December 13, 2024.
Recommendation made by Committee Chairman Nevois, seconded by Committee Member Hanebutt, to approve authorization to accept the Risk Management Association invoice for the Work Comp, Auto Liability & Comprehensive General Liability, Portable Equipment, Auto Physical Damage and Property Insurance for January 1, 2025-2026, in the amount of $240,074, taking advantage of the discount by paying before December 13, 2024. Carried
V. Request from Reflections Windows & Doors for Additional Hours for City Hall Initial Cleaning
Recommendation made by Committee Chairman Nevois, seconded by Committee Member Rheinecker, to approve authorization of the request from Reflections Windows & Doors for additional hours, NTE 25 hours for city hall initial cleanup, at the current rate of pay of $35/hour. Carried
VI. Elevator Maintenance Program
Adm. Officer Landgraf said that the recent repair on the elevator was over $3,000. Kone is recommending that due to the age of the elevator, it may be beneficial to buy a maintenance agreement.
Recommendation made by Committee Chairman Nevois, seconded by Committee Member Hanebutt, to approve authorization to accept the service contract agreement with Kone Care for an elevator maintenance agreement for twelve months for $3,768. Carried
VII. Public Comments/Anything for the Good of the City
None
The meeting was adjourned at 6:15 P.M.
https://www.cityofredbud.org/uploads/3/8/4/1/38410823/finance_102124.pdf
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