MINUTES
OTHERS: C.E.’s Office: Bill Randolph; Budget Dept.: Kate Carrano; Finance: Thurston Hartford, Steve Broege; CBAC/LWV: Barbara Strauss BOL: Sally Schecter, Robert Boland, Christopher Chang, Tina Seckerson
Chairman Wishnie called the Budget Committee meeting to order at 10:02 a.m.
MINUTES:
On motion of Legislator Kaplowitz, seconded by Legislator Young, the motion to approve the Minutes of January 29, 2001 was carried by a vote of 6-0.
DISCUSSION:
CASH FLOW:
· Mr. Hartford stated that the 2000 cash flow is sufficient enough not to have to borrow. Next year will depend on how this year ends up.
· Significant increase in DSS due to the State requiring cash payments by the County for its portion of MMIS payments. Previously the State deducted the MMIS payments from State aid due County.
· The Budget Director informed the Committee that this year’s state budget will probably be the latest in the state’s history. The school (aid formula) budget is so controversial that it will take time. Everything else being held hostage until this issue is resolved.
· The Budget Director stated that the biggest difference between “projected” cash flow for 2000 and “actual” cash flow for 2000 is due to sales tax.
· The BOL analysis attributed the increase in cash for 2000 to a reduction in expenses paid. Example: Services and Supplies for 2000: Actual number is $30 million less than projected. Auditors have begun audit to close out 2000 books.
· Tobacco money - start paying principal off in 2003 ($4 million). Committee requested revised spread sheet.
COMMITTEE ON BUDGET & APPROPRIATIONS
MINUTES – FEBRUARY 26, 2001
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A&C CALENDAR:
A& C Calendar for this week was distributed and reviewed by the Committee.
ADJOURNMENT:
There being no further items for discussion, on motion of Legislator Kaplowitz, seconded by Legislator Young, the meeting was adjourned at 10:30 a.m.