Board of Estimate & Apportionment - Regular Meeting

Is everyone visible to us? Do I have to be visible? Yeah.

Or can we switch? Yeah, switch.

I saw you.

Okay, I'd like to call the meeting of the board of estimate. Order today's day is August 4. And your meeting and. 306 city hall this meeting we have full attendance. I'm here, Sam Fine, Chief City Auditor. Representing the Mayor is Joel Stetson, Chief Financial Manager. Representing the Treasurer is Rick Riley, Executive Treasurer. Representing Ellie Kimbrough, Robert Weiner is here to be, what did you say, Director and Counsel? No, Counsel and Director. What is it? Counsel and Director. Counsel and Director of Policy for the Common Council. the agenda budget transfer from 2026 is uh we have a transfer for water department totaling 60 There is from purification vehicles line, $61,300 for sewer motor fuel, $2,000 for pump station contract services, $450 being transferred to six various accounts. Transfer needed to cover the cost of future places. Questions? We have Bill Simcoe here for the Water Department.

Yes. So this is $61,300. Yes. Okay. I just want to make sure.

OKAY. THEN WE HAVE INCREASED APPROPRIATION FROM THE WATER DEPARTMENT. THIS IS NOTES PAYABLE. INCREASE OF REVENUE FROM THE NOTES PAYABLE LINE OF $3,042,630. AN INCREASED EXPENSE FROM DISTRIBUTION CAPITAL OUTLAY SAVING ABOUT $3,402,630. EXPLANATION IS THE SOURCE OF THE FUND WILL BE EFC FINANCING FOR THE PROJECTS. THE BUDGET WILL BE USED TO CREATE A P.E.O. FOR C.T.

So we've got service.

Prince.

The money authority exists.

I understand that part.

What I don't understand is the, we have a balance sheet account. So this would, by itself here, not work. I'm just wondering if there's a revenue that is used to offset it instead of motivating it. I mean, just facing notes tables and the balance sheet. Is there a revenue path with the lead search placement that this would be more appropriate to recognize it?

Well, in terms of what? This is not the same.

I guess this is.

It's very good. different, but yeah, we have . So as soon as we get back out here, . In some cases, before we . So we've submitted

So could you explain why this is an increased appropriation rather than transfer of masks? Because in the past there's been some confusion over why some of the money wouldn't this increased appropriation which it no longer really is relevant for the question of whether it's included in that four percent threshold that was a conversation you know concern in the past but uh so that that's no longer uh is this is our game uh according to the local law but should go in effect soon but um yeah just to explain why it's an increase in appropriation um

So you haven't received the money, and you've been approved with the financing. The financing would be paid. I'm not sure how.

yeah we couldn't we were learning money and getting them you know and it's a very similar thing with having the alumni service probably other than the conditional layering for them because the state is also gathering

As opposed to . One system. tips for the for the uh wanderer 195 bed just closed for the blood service

some historic stuff in the budget, folks, because they knew that you guys spent stuff with this revenue in this budget. I don't know how your budget is structured, but it comes to us.

Thank you.

Thank you.

Thank you. Thank you.

Thank you. in the process of stuff. And then late in one of these closings.

This is by conversation. I'm just trying to understand it. IS THE OBJECTIVE HERE TO ACCESS FUNDING A DISBURSEMENT ESSENTIALLY ON BEHALF OF IT'S IN SOME CASES

Okay.

And so then the amount that for the increase revenue one recognizing the EFC that you're drawing from. And then that would be more appropriate. The notes payable entry is what it's going to not necessarily what's going to be increased. So that's the one thing that we need to see. What's your weapon for?

And we didn't know. It's really hard. It's really hard. It's really hard. It's the state of it. We tried to get it as soon as we could. We didn't know. It's really hard. It's really hard.

Yeah, definitely. It just, it can't, it can't get entered as a source that's going to unbalance your balance sheet. Is that, Nick, is the note payable? I'm listening here. Is that correct? Yeah, it should be. One of that provided. It is the note payable. It's a liability show there. So they're outstanding. I build better. So yes. OK, should your revenue lines under? It should it should be. It should be recognizing. Recognizing that then on the back of the chain. On the balance sheet, you should be something that's told by a business. Your position is towards. So. The MC. This is something that we definitely didn't take until that corrected. Can we do it as noted? Yeah.

Let's see urgency.

Yeah.

Well, you.

Yeah, I'm. I see it here as you say yes, 8. Which is what we were.

That's that's that's the. Yeah, that would be more appropriate.

There should be changing the GL account from 2,000,00626 to Yeah, I mean, Do we have the line that it would be? Yeah. In this lesson, so. So we're happy. And then during this meeting, so there's other ways we have to take over. We have three EMC lines, only one of those I can budget. So my assumption would be the one that we had a budget amount of $6 million for 2036 would be the one to do this increase. Now the amount, $6 million was budgeted for 2036. That $6 million did not, did not come over you from Yeah, there's a three point in the least.

What?

What? I'm not sure. The work is provided here. Last five is 89. But that's. That would be more supportive one day soon. that you would even be looking at if we hold on.

15 minutes.

Yes.

How much time do we have? How much time do we have?

Two hours. Correct. I mean, it needs to keep vendors waiting longer, because I know...

I'm trying to pull up the... Sorry.

If we don't know the proper way to do this, we should do it incorrectly. Yeah, we don't know the proper way to do this.

Hold on one second, I'm just trying to be able to.

It is included under the water fund revenues.

The water capital revenues.

So do we think the money might already. Increase appropriation.

The president. shows all the relevant power of the plants that have been sealed for long. So you typically wouldn't have to go to the DNA for something that was over 80 years old. The plant might as well do that. DNAs typically are going in spurts and spurts.

to move money from one woman to another, to move transfers of money

Correct, because you already have the revenue coming in and you've already had a planned contractual expenditure coming out. Like the city would typically come to EMA for something for which we had a planned revenue expense. When the city is moving stuff to EMA, it's typically because we have a planned revenue expense. and we had an old bridge and we had to move it. We had to move it.

We had to move it. We had to move it. We had to move it.

We had to move it. We had to move it.

We had to move it.

I don't see that for EFC. is in front of this like that. That would be wise.

I got it. Yeah, I think . So, see, the capital and then start to,

But if you're entering a new seed grant cycle, and you can spend down the bonds on the previous grant cycle, and that grant cycle is going to start, so when it's in-year, this new year, and the state has a lot of differences at home, then it's common as well.

That's correct.

So that may also, from what I'm reading, do you guys have .

So someone, yes. Yes, sir.

Well, you can always spend low. You just can't move beyond what you didn't. So in my mind, it made more sense. You can love that. If it's a molding plan, whatever your plan, you have an expense that's going to be here for two years. You can always come in on your budget for it. If you're not on us, In terms of spending one way or the other,

Is that what you're referring to? Well, moving the money. Doesn't that happen to the AAP processors or something? I mean, they'll be paid why this every day. Yeah, I am. I'm just trying to understand what's different from the AAP assets from what we're using. I'm just trying to understand. all of your followers pass around and expose that information.

So, like, I guess, I use that for different things. So, we have a classroom that we can take from the classroom. Yep. And then we have an exploring classroom, which means that we can see the one thing that we need to do.

30 months and we do not have to have anything back to back. You're talking about the capital, the capital disbursement that you can versus four seven from that.

Yeah, we're we're getting the money.

Yeah, the general correspondence, but it's just because we use that offset APN was the AS LONG AS WE KNOW THAT, EVEN IF WE DON'T, IT'S JUST TO INCREASE THE DEPENDENCY.

SO THERE IT IS.

I WOULD JUST SAY, IF YOU'RE IN THE PROPERTY BUILDING, YOU MAY WANT TO LOOK AT YOUR GRANTS and what actually will spur from a premium specific site in terms of how to spend funds to try to figure out what 2027s look like so you don't have to come through dna to shift money around

So I know in last year when this year. You weren't trying to invest in what that will be so that we can

Wow. This is so good. One budgeted for this year meeting this likely is not necessary.

Yeah, it's 399.02.

And that's what we get on page 109. Yeah, the very bottom.

It's CFC. Oh, it's in two places.

It's in two places.

There's two different lines. The other line is the lesser bad line.

The one they budgeted.

There's since then three points.

But if you said this work was done, completed, and . So it really could be allocated .

I think we're still . If it's not closed, then

had recommended earlier, the journal entry, then to present it on 25, which is very important, and then you will have, you would have the need to go over.

Yeah, the problem with this stuff is then, MWP finds, I think it's together, but it's, I don't know, UPS for this, and then, Yeah, I mean, maybe it's maybe it's we table it. And yeah, I can talk to them.

the device. We've done some plans to work with that. That should go and we didn't just follow it. So we did with the site. If that's the case, it's going to 25. Okay, so we I would connect with them.

Yeah, obviously, maybe most of the SO I WOULD MAKE A I WILL MAKE A MOTION OF THE 3.4 MILLION IN FRANCE WATER THIS INCREASED SURPROGATION ON THE AGENDA SECOND OKAY ON FAVOR OF TABLING THAT 3.4 MILLION DOLLAR REGRETEED INCREASE

I pose. Take.

Question.

The average.

There he is.

It's too much in second second on favor. Opposed? That's a motion to adjourn. Favor? Bees adjourned.

We're looking at all the different services because we've never had a good time in the week.

Well, I think we're pretty successful. At least when you find a place where you can make sense. Yeah, I'm sorry.

I'm sorry.

We're looking at it.

We're still friends. Yeah. Yeah.