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    Finance Committee
     January 16th, 2013
     Meeting Minutes


Attendees: Jonathan Slain, Chair, Bernice Schreiber, Fiscal Officer, Christine Comstock, Council, John Bourisseau, Council

Meeting Called to Order at 6:00PM

Accounts Payable

The accounts payable listing was reviewed and approved for payment.  Several questions were presented and satisfactory answers were provided by the fiscal officer.

Review of January Financial Statements

The Financial Statement review indicates that revenues were above budget for Fiscal Year 2012.  There was an unusual receipt both last year and in the current year that caused revenues to be approximately $130,000 greater than they would have normally been.  Expenses were under budget for Fiscal Year 2012. 

The net effect of being over budget in revenue and below budget in expenses is a surplus of approximately $250,000 for the Village in 2012.

Other Items

The Committee discussed the ordinances and motions on the Council agenda and believes that all of them should be approved.

Meeting adjourned at 6:45PM


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