Town Commissioners Minutes — 2022-05-31
Minutes May 31, 2022 · 1 page(s)
Read as text View original PDF ↗ Meeting
This is the Queenstown Commissioners work session on May 31, 2022, to review draft FY2023 General Fund and Water & Sewer Fund budgets. The commissioners approved the proposed salary schedule structure for current employees and set the Constant Yield Tax Rate at $0.2217. The General Fund draft shows operating expenses of $692,767, program revenues of $169,634, general revenues of $532,265, and a $9,132 increase in unrestricted net assets. For the Water & Sewer Fund, after discussing options to address multi-year deficits, the board voted (2-1) to propose an 8% annual increase in water/sewer consumption rates for the next five years; the draft water/sewer budget shows operating expenses of $852,942, total revenues of $778,280, and requires a $74,662 transfer of existing cash to balance. Ordinances to adopt the budgets and the rate increases will be drafted for introduction at the June meeting, with a public hearing scheduled for June 22; the meeting was adjourned at 5:32 PM.
Show the raw extracted text
Exactly as extracted, unformatted — for checking against the original. The readable version is easier to read.
QUEENSTOWN COMMISSIONERS WORK SESSION May 31,2022 PRESENT: President Al Hardee, Commissioner Tom Willis, Commissioner Bryon Callahan, Town Manager Amy Moore, Town Clerk Aaron Horney, Finance Committee Chair Pat Bowell, Town Attomey Lyndsey Ryan SPECIAL MEETING CALLED TO ORDER AT 3:38PM The Commissioners met in a work session for the purpose of discussing and reviewing drafts of the FY 2023 General Fund and Water & Sewer Fund budgets. Ms. Moore and Mr. Horney presented drafts of the General Fund FY2023 Budget to the Commissioners. Discussed were salary figures to include in the proposed budget. After discussion the Commissioners approved the salary schedule structure for current employees as proposed. In addition, the Commissioners discussed and approved the Constant Yield Tax Rate of $ .2217 .After further review and discussion, Commissioners were satisfied with the budget as presented. Current draft budget shows operating expenses of $692,767. Program revenues of $169,634. General revenues of $532,265. Final increase in unrestricted net assets of $9,132. Ms. Moore and Mr. Horney presented drafts of the Water/Sewer Fund FY2023 Budget to the Commissioners. Discussed were proposals for increasing the Town's water/sewer consumption rates to address budget deficits in the Water/Sewer Fund occurring over several years. Proposals included increases to consumption rates of 5o/o to 8o/o per year for the next 3 to 5 years. After discussion, Hardee motion to propose an 8o/o increase on water/sewer consumption rates per year .for the next 5 ltears. Willis second. VOTE: 2 aye - I nay. Commissioner Callahan stated his belief that a smaller increase under 8% would be sufficient. After discussion and agreeing to minor changes to correct errors in the budget, Commissioners were satisfied with the budget. Current draft budget following corrections shows operating expenses of $852,942. Total revenues of $778,280. Transfer of existing cash revenues of $74,662 required to balance the water/sewer budget. Ms. Moore stated that ordinances for adoption of the new budgets and water/sewer consumption rate ircreases will be drafted fsr introduction at the next Conunissioners meetin€ in Jure, Qncc introduced, a public hearing will be scheduled for the proposed ordinances onJune22. There being no further business, Willis motion to adjourn the meeting at 5:32prn. Hardee second. VOTE:3aye-0nay. itted, h Hcirne Town Clerk-Trea