May 08, 2014 Meeting
Agenda
BUDGET COMMITTEE AGENDA
May 8, 2014 – 2:00 p.m.
Human Resources Conference Room
1. Approval of minutes from the April 10, 2014 meeting
2. Budget Update – May revise
3. Fiscal Calendar
4. Other
Next meeting – TBA
Minutes
BUDGET COMMITTEE MINUTES
May 8, 2014
2 P.M. – 3 P.M.
Members Present: Brock McMurray, Barbara Amerio, Bill Devine, Sharyn Eveland, Sonja Swenson and Debbie Hegeman, recorder.
Members Absent: Sheri Horn-Bunk, Agnes J. Eguaras and Fernando Lara
APPROVAL OF MINUTES
The minutes of the meeting held April 10, 2014 were approved by consensus.
BUDGET UPDATE – MAY REVISE
Brock stated he had not yet received the May revise but expects it will be available during the week beginning May 12 and wasn’t expecting any surprises. He stated the Rainy Day fund is still a priority of the Governor’s. Revenue is up from the original projection and April is a good month. We are hopeful the revenue will continue to be better than expected. Brock reminded the committee it will be up to the Governor and legislature to decide how the extra revenue is used. No one is sure of how the money will be distributed. Taft College could receive additional funds however most of those will come with strings attached.
FISCAL CALENDAR
Brock reviewed the Fiscal Calendar. He explained the timeline was set based upon the restrictions placed by the County. With this being his first year to oversee the Fiscal Calendar deadlines, he feels there could be some changes to this form in the future.
OTHER
Brock thanked the committee for their service this year and reiterated one goal of this committee is to better understand the purchasing process, audit process and the timing required. We will review these topics next year so each of the committee members will have the tools available when they receive questions. He wants the committee to be a source of information for all employees when they have questions related to the business processes.
Respectfully submitted by:
Debbie Hegeman