February 12, 2008

Lent Township Special Meeting

Board of Audit

Official Minutes

Called to order at 7:05 p.m.

The purpose of this meeting was to hold the annual Board of Audit meeting for the 2009 budget.

In attendance were Supervisors Gene Olson, Dave Milles, Larry Peterson, Treasurer Pam Olson; and Clerk Roxanne Kahler.

Public in attendance were Brian Randt and Mike Olson.

General Fund (100)

The remaining balance in this fund is $207,360.54. The levy for FY 2008 was $175,000.00. The recommendation for FY 2009 is $185,000.00.

Deposits being held in the General fund are: Town Hall damage deposit, LG555 Funds (gambling), Driveway & Culvert Deposit, and Plat Incidentals. Available in the General fund is $198,699.00 for expenses.

Road and Bridge (200)

The remaining balance in this fund is $33,798.11.  The levy for FY 2008 was $235,000.00.  The recommendation for FY 2009 is $275,000.00.

Project on Erie Lane is estimated to be $200,000.00 for 2008 and in 2009 half of Lyons Ave. will be $100,000.00.

Road and Bridge Equipment (201)

The remaining balance in this fund is $59,220.10.  The levy for FY 2008 was $20,000.00.

The recommendation for FY 2009 is zero.

Fire Department Fund (202)

There was a remaining balance of $0.00 from FY 2007.  The levy for FY 2008 was $300,000.00.  The operating budget will be $114,381.00.  Construction loan is paid out of this fund, roughly $173,000.00. The Relief Association is to be paid from this fund, estimated $7100.00. The recommendation for FY 2009 is $330,000.00.

Fire Equipment Fund (203)

The remaining balance for this fund is $132,414.25.    The levy for FY 2008 was $60,000.00.  The recommendation for FY 2009 is zero.

Township Building Fund (205)

The money remaining in this fund is $22,378.40.  There is also 1 certificate in the amount of $50,233.36 in this fund.  The levy for FY 2008 was zero. The recommendation for FY 2009 is zero.

Planning and Zoning Fund (225)

The remaining balance for this fund is $11,359.04. The recommendation for FY 2009 is zero.

Parks Fund (230)

The remaining balance for this fund is -$13,068.00. The recommendation for FY 2009 is zero.

Publications – Legal

Need to take a look at the three publications to see if they are all needed as the cost is going higher and as there are more requirements to be published. Suggestion was made to publish one listing for set meetings throughout the year.

Chisago County Press  $1,708      Post Review/Scotsman  $3,186.00

Motion

G. Olson made a motion to accept the suggested proposed budget for 2009.

  Milles seconded. Motion passed.

Auditing the Books

All supervisors, the treasurer and the clerk looked at the figures for 2007.  The books were signed by all supervisors, the treasurer and the clerk after inspection.

Milles made a motion to adjourn. Peterson second. Motion passed.

Meeting adjourned at 9:00 p.m.