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HomeMy WebLinkAboutBudget Committee Minutes 6-12-2023 1 BUDGET COMMITTEE Meeting Minutes - June 12, 2023 Committee present: Eric Levine - Chairperson, Pam Bleiwas, Rod Howe Staff present: Donna Shaw, Judy Drake, Joe Slater, Dan Thaete, Paulette Rosa, CJ Randall Meeting was called to order at 12:01 p.m. AGENDA ITEMS: • Review and approve meeting minutes from May 8, 2023 Moved: Pam Bleiwas Second: Eric Levine Motion Passed • Chamber of Commerce discussion with Sarah Barden. Sarah Barden presented information and answered questions about the Chamber of Commerce and the benefits of membership. The cost of membership would be approximately $780 a year, based on the number of employees. The Committee was supportive of membership for the Town. • TCAT discussion with Erik Amos. Erik Amos discussed different ways the Town could improve bus services to Town residents. He identified several areas that could benefit from improvements to landing pads and or/bus shelters. Some of those suggested may not be in the Town, that would need to be researched a bit more . There was some talk about Public Works staff doing some of the landing/ground work. More research is needed into the various locations with any future projects going to Public Works Committee for consideration. • Review and discuss Draft Capital Improvement Plan 2024-2028. The Committee reviewed the 2024 draft schedule of capital projects: - WATER TANKS - No projects are scheduled for 2024. - WATER MAINS - Water Main Improvements for 2024 total $50,000 for new Lead and Copper Rule – services identification funded with current year revenues. - SANITARY SEWERS - The amount of $300,000 will be budgeted for Sewer Manhole Rehab in 2024. The Inlet Valley Pump Station Rehab/Gravity Sewer Upgrades Project is expected to cost $1,200,000 and Floral Avenue Sewer Upgrades is expected to cost $1,000,000. - JOINTLY OWNED INTERCEPTORS – Four projects in 2024 totaling $65,204 (Town share), as follows: Stewart Park Pump State Phase A – Forcemain $18,230 Cherry Street Sewer & Forcemain Pipe Bridge Phase A 5,404 Cherry Street Misc. Improvements Phase A 20,785 Cass Park Misc. Improvements 20,785 - - STORM DRAINAGE – The amount of $200,000 will be budgeted for the King Road West Box Culver. - ROAD IMPROVEMENTS – The 2024 Road Improvement Program is budgeted at $1,636,000 and includes the following projects: 2 - Ridgecrest $ 115,000 - Elm Street Rebuild/Repave 553,000 - King Road West – Phase 1 447,000 - Holly Creek Lane 61,000 - Larissa Lane & Schickel Road 166,000 - Glenside Road 52,000 - Coy Glen Road 242,000 - SIDEWALKS – The Rt 34/East Shore Drive Sidewalk Connector/Drainage is expected to cost $2,000,000 and grant funding is being explored. - TOWN FACILITIES – The PWF MEP/Site Improvements is budgeted in 2024 for $350,000 and PWF Trench Drain repair is being explored. The PWF Security Fence Installation is expected to cost $150,000. - GREEN ENERGY UPGRADES – The Town Hall Weatherization – Design Services is expected to cost $225,000 and Miscellaneous Upgrades to Public Works Facility LED Lighting is being explored. - BRIDGES – This is a new category in 2024 and includes Townline Road Bridge – Phase 1 Design with an expected budget of $410,000 which will be funded with a Bridge NY grant and a 10% matching contribution from the County. - PARKS & TRAILS – Improvements to Town Parks & Trails for 2024 is budgeted for $531,700 and includes a $60,000 for Game Farm Trail repair, $50,000 for trail overlay, $60,000 for King Road West/Buttermilk Crosswalk, $80,000 for South Hill Rec Way Extension feasibility study, and $281,700 for the Culver Road Preserve – Babcock Ridge Trail construction. • Review and discuss 2024 Fleet Replacement Schedule. The Committee discussed the proposed 2024 Fleet Replacement Schedule. Public Works evaluate 100 pieces of equipment yearly. There weren’t any feasible green fleet options this year. The two dump trucks scheduled for replacement in 2024 will be ordered in 2023 due to the long lead times (18-24 months). Budget amendments to accomplish this included later in the agenda. The revised 2024 total is $295,500. • Review February Sales Tax Receipts. The Committee reviewed the Sales Tax Collections for February. The County is a couple months behind in sending payments. February collections were 12% higher than the same period last year. • Review and approve 1Q 2023 Budget Amendments. The Committee reviewed the 1Q 2023 budget amendments which included various transfers between accounts as well as the amendments necessary to fund the dump truck order. Interest revenue and sales tax is over budget this year so we increased those lines to offset equipment expense. • Review 2023 Interest Earnings and Investments. Through May we have earned $550,003 in interest revenue which exceeds the $453,530 budget by $96,473. The $8 million certificate of deposit matures on July 1st and we will be requesting rates from Tompkins Community and First National Bank of Groton. 3 • Discuss 2024 Property Tax Cap. The Town routinely passes the override each year just in case of a miscalculation, regardless of whether we plan to exceed the tax cap. For 2024 we do not anticipate needing to exceed the tax cap but we will recommend the Town Board pass the resolution. • Other Items. No other items were discussed. The meeting was adjourned at 1:07 p.m. Next Meeting: Monday, July 10, 2023 at 12:00 p.m., Town Hall - Aurora Room or Zoom