Village Board Meeting - 2006/07 Budget Adoption

Minutes of a Special Village Board Meeting of the Board of Trustees of the Village/Town of Mt. Kisco held on Monday, May 1, 2006 at 8:00 p.m. in the Frank J. DiMicco Board Room, Village Hall, 104 Main Street, Mount Kisco, New York.

Present: Mayor J. Michael Cindrich

Trustee Peter DiChiara

Trustee George L. Griffin, Jr.

Trustee Peter Grunthal

Trustee Anthony Markus

Also Present: James Palmer, Acting Village Manager and Clerk

Absent: William F. Williams, Village Manager

Mayor Cindrich welcomed everybody to the Village Board Meeting of May 1^st the final day of 2006 that we can approve the budget. Mayor Cindrich opened the meeting with the Pledge of Allegiance and asked for a moment of silence.

Mayor Cindrich stated that there was one item on the agenda which was a motion to approve the budget as proposed and revised through the efforts of this board. There is a resolution in our packets. Are there any discussions before we act on this?

Trustee Grunthal stated that in the Working Draft dated 4/25/06 Treasurer Thomas Warren is asking the Village Board to consider putting excess fund balance into Capital Reserves Fund and then allocate to specific capital projects by resolution. This is full in tune with our Financial Policy in reserving 10% of our budgeted amount in Fund Balance. I feel this is appropriate and I would like to see the Board accepting the Treasurer's recommendation.

Trustee Grunthal suggested that the Resolution for Adoption of the budget include the resolution to put excess Fund Balance in Capital Reserve Fund and then be allocated to specific capital projects by resolution.

Mayor Cindrich read the Resolution for Adoption of the Budget for Fiscal Year June 1, 2006 through May 31, 2007.

Resolved, that the Preliminary Budget for fiscal year June 1, 2006 through May 31, 2007 is hereby modified by the changes listed on the attached schedule and be it further

Resolved, that the Preliminary Budget, as amended by the attached changes, shall constitute the Adopted Budget for the Village/Town of Mount Kisco for the fiscal year June 1, 2006 through May 31, 2007, and be it further

Resolved, that the Board of Trustees shall levy a property tax of $11,977,812 (tax rate $76.62 per $1,000 assessed valuation) on the applicable real property in the Village of Mount Kisco, and shall levy a special assessment property tax of $150,892 on the applicable real property tax covered by such areas.

Motion made by Trustee DiChiara and seconded by Trustee Grunthal to adopt the resolution for Adoption of the Budget for Fiscal Year June 1, 2006 through May 31, 2007 (as noted above).

On the question: Trustee Grunthal requested that the Resolution for Adoption of the Budget be amended by Treasurer Thomas Warren to include putting Fund Balance in excess of 10% of the Adopted Budget in the Capital Reserve Fund and then be allocated to specific capital projects by resolution.

Motion revised by Trustee DiChiara and seconded by Trustee Grunthal, all in favor.

Motion Adopted

Mayor Cindrich Aye

Trustee DiChiara Aye

Trustee Griffin, Jr. Aye

Trustee Grunthal Aye

Trustee Markus Aye

Trustee Markus thanked every one for all their hard work and efforts in putting this budget together. Especially Trustee Grunthal and Trustee DiChiara for the amount of work they both put into the budget and their expertise.

The entire Board thanked Treasurer Thomas Warren for all his hard work on the budget.

Mayor Cindrich thanked Treasurer Thomas Warren for all his work. This has been a trying year and he thanked him and his staff for their efforts which do not go unnoticed.

Mayor Cindrich had one other item that was not on the agenda regarding an RFP for Construction Manager's Position. He would like to make the RFP scope a little larger and put options in it and get it out as soon as possible.

Trustee Grunthal suggested that the RFP be passed along to the Building and Grounds Committee for their review.

Assistant Village Manager Palmer stated that he would get the RFP to the Building and Grounds Committee for their review and comment and he would get it out to bid as soon as possible.

Mayor Cindrich asked if there were any comments from the public. There were none.

There being no further business to come before the Board a motion to close the meeting at 8:15 pm was made by Trustee Griffin, Jr. and seconded by Trustee Griffin, Jr., all in favor.

______________________________________

James Palmer, Acting Village Manager and Clerk

Special Village Board Meeting 5/1/06 1.

Created by pmaiorano. Last modified 2006-05-09 11:56:35.