August 28, 2007
The Mayor and Council of the Town of Vinton, Louisiana, met in special session at the regular meeting place of said Mayor and Council, in the Town Hall, Vinton, Louisiana, at 6:30 P.M., on the 27th day of August, 2007, after full compliance with all requirements as to notice and otherwise in respect to convening of said meeting with the following members present:
Kenneth O. Stinson, Mayor
Karen Douglass, Council Member
William “B.B.” Loyd, Council Member
Kevin Merchant, Mayor-Pro-Tem
Edward J. Vice, Council Member
ALSO PRESENT: Thad Minaldi, Town Attorney and Phillip Abshire, CPA
Kenneth Stinson, Mayor called the meeting to order and reported that the purpose of the meeting was as follows:
1. To discuss and/or transact business pertinent to presentation of proposed 2008 budget.
2. To discuss and/or transact business pertinent to 2007 budget amendment.
Mayor Stinson and Phillip Abshire presented the proposed 2008 budget to the governing authority.
After discussion, it was moved by Council Member Loyd that the a Public Hearing be held on September 11, 2007, regarding the proposed 2008 budget and that the following Public Notice be advertised in the town’s official journal. The motion was seconded by Council Member Douglass and the vote cast thereon was as follows:
YEAS: Council Members Bujard, Douglass, Loyd, Merchant and Stinson
The proposed budget for the year October 1, 2007, thru September 30, 2008, of the Town of Vinton, Louisiana, has been prepared in accordance with the provisions of the Louisiana Local Government Budget Act and is available for public inspection at the office of the Mayor, Town of Vinton, Louisiana from 7:30 A.M. to 5:00 P.M., Monday through Thursday and 8:00 A.M. to Noon on Friday (except holidays). A public hearing on the Proposed Budget is scheduled for:
6:30 P.M. – City Hall
OPERATING BUDGET SUMMARY
Following is a summary of the proposed budget for the year October 1, 2007 thru September 30, 2008:
TRANSFERS AND LOANS ($204,288)
ESTIMATED ENDING FUND BALANCE $9,471,104
The proposed operating budget for the year ending September 30, 2008, which is available at City Hall, provides further details.
Mayor Stinson and Phillip Abshire, CPA, discussed the 2007 Budget Amendment with the governing authority. The major reason for the amendment was the big increase in the cost of insurance.
After discussion, it was moved by Council Member Douglass that the 2007 Budget Amendment be approved. The motion was seconded by Council Member Loyd and the vote cast thereon was as follows:
YEAS: Council Members Bujard, Douglass, Loyd, Merchant and Vice
There being no further business to come before the Governing Authority, it was moved by Council Member Douglass that the meeting be adjourned. The motion was seconded by Council Member Bujard and carried.
Kenneth O. Stinson, Mayor
Mary O. Vice, City Clerk