1986.07.14_FAB_Minutes_Regular®r" VIN - =__ -
TOWN OF HIGHLAND BEACH, FLORIDA
FINANCIAL ADVISORY BOARD
MINUTES
MONDAY, JULY 14, 1986 10:00 A.M.
A meeting of the Financial Advisory Board was held at 10:00 a.m. on
Monday July 14, 1986 at Town Hall.
Those attending included members Richard Brunton, Ben Cohen and Reese
James. Member Walter Peklenk was absent due to illness. Commission-
er Grier and Town Manager Williams were also present throughout the
meeting.
The Minutes of the June 23, 1986 meeting were approved as written.
The Chair read memoranda from the Police Department regarding wage
changes and promotions.
The Town Manager reviewed personnel changes that have occurred since
the June 23, 1986 Meeting of the FAB and those that are scheduled to
occur on or about the start of the new fiscal year October 1, 1986,
such changes having been discussed with and concurred in by the FAB
at a prior meeting. It was also noted that these changes had been
reviewed with the Town Commission at a Special Meeting held May 19,
1986.
The Town Manager then reviewed some preliminary data for the 1986/87
budget and it was especially noted that the following factors have a
significant impact on the budget:
- Sewer, Trash and Fire fees -
The availability of firm costs of these items is
dependent on data provided by the suppliers and is
not yet available.
- Uncertainty of firm data re gross, taxable, real estate
values -
Recent data from the County Assessor's Office suggest
some error in the report.
- Uncertainty of revenue sharing -
This data too comes from the county and is not yet
available.
- Town Charter Millage cap at 5 Mills -
While it is expected that the 86/87 budget will come in
under this cap, it must be recognized,that the cap
does exist.
The Town Manager stated that he will have more complete data availa-
ble prior to the next FAB meeting.
Financial Advisory Board Meeting
July 14, 1986
Page 2 of 2
The Town Manager reported that discussions with Centel Cable Company
were still on -going and expects to have a further report for the next
FAB meeting.
The proposed ordinance re impact fees was discussed and will again be
reviewed at a future FAB meeting.
The meeting adjourned with the next meeting being set for Monday,
July 28, 1986.
Re ectfull ubmitted,
Reese E. James, Chairman
• cc: F.A.B. Members
Town Commission
Town Manager
MAM