06-23-1998 Minutes - Laserfiche WebLink

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fsrj:..- CJr;!ft d. JIM ROWELL GRAND ISLAND FIRE CHIEF ON RENEWAL OF CONTRACT FOR FIRE SERVICE: Mr Rowell distributed copies of the ambulance agreement to the board members. Th contract is the same as before except that it is called an inter-local agreement. The cost for 1998-1999 budget year will be $150,000.00 and it will reflect a 9% increase over the next five years. Quandt made a motion and Abernethy seconded to approve the ambulance agreement with the City of Grand Island. Landis expressed her concerns at not receiving the contract sooner and giving the committee the opportunity to work with the city on the contract. Abernethy, Hartman, Lancaster, Long and Quandt all voted yes and none voted no, with Stelk absent. Landis abstained. Motion carried. BRAD FEGLEY COUNTY BUDGET'S NEW FUND AND APPROVE RESOLUTION: Mr. Fegley stated that during a budget seminar that the state auditor's office held in Grand Islan~ there was discussion on sinking funds that could be used for large projects. After meeting with the audit committee, and they expressed concerns on the sinking funds. They proposed to establish the equipment and improvement reserve fund. Funds could be transferred to this fund annually for large projects and if they are not used in five years the money would go back to the general fund. The resolution lists the specific guide lines on its function and use. Landis made a motion and Lancaster seconded to approve Resolution #98-0035 to establish the Hall County Equipment and improvement Reserve Fund. Abernethy, Hartman, Lancaster, Landis, Long and Quandt all voted yes and none voted no. Motion carried. RESOLUTION #98-t/o35 A RESOLUTION ESTABLISHING THE HALL COUNTY EQUIPl\'IENT AND l1"IPROVEMENT RESERVE FUND WHEREAS, NEB.REY.ST AT. S 13-518 authorizes the creation of a fund for the purpose of paying for acquisition or replacement of tangible personal property with a useful life oftive years or more which is to be undertaken in the future but is to be paid for in part or in total in advance using periodic payments into the funds; and WHEREAS, the creation of such a fund would assist the County and its officers in attaining stability in budgeting for county offices and activities by reducing or eliminating budgetary fluctuations caused by capital acquisitions and improvements. NOW BE IT RESOLVED that the Hall County Equipment and Improvement Reserve Fund, hereinafter referred to as the "Fund," is hereby created subject to the following conditions, restrictions, and limitations: o