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Red Bank finance director details administration budget, proposes tax-relief match and personnel changes
Summary
Director Perry presented the City Hall Finance Administration budget, proposing a 1.5% cost-of-living adjustment, two weeks of paid maternity leave for eligible employees, a county tax-relief match program, and listed contract and insurance changes; she said the April 22 spreadsheet is the definitive budget estimate.
Director Perry presented the City Hall Finance Administration budget at the Red Bank budget workshop, saying her department will cover human resources, risk management and public affairs, and outlining proposed personnel and benefit changes, contract costs and a proposed city match for county tax-relief payments.
Perry read the department’s new finance mission statement: "The City of Red Bank's finance department is committed to assuring the effective and transparent management of public funds to enhance community well-being," and said the administration is seeking a 1.5% cost-of-living adjustment for employees, continuation of tuition reimbursement, and two weeks of paid maternity leave for eligible staff.
She proposed a city program to match Hensley County payments for the tax-relief program to assist eligible residents. Under the proposal, Red Bank would match county contributions for residents who meet county criteria: age 65 or older with annual income at or below $26,270, or veterans who are 100% disabled. Perry said there are about 138 current or pending applications; she cautioned that the match could reduce tax revenue depending on uptake.
Perry listed department staffing (city manager, finance director, assistant CFOs, payroll, public relations, IT manager and a part-time accounts receivable clerk) and said no capital expenditures were requested for the administration portion of the budget. She said several IT and service contracts are included in the administration budget and cited a $181,000 line for RJN — half of which she said is for a digitization project — and other recurring contract increases.
On insurance, Perry said the administration expects a roughly 5% increase in property and liability coverages and noted some recoveries from insurance for vehicle crashes. She told commissioners the spreadsheet dated April 22 is the definitive budget estimate and that some printed materials contain different line-item numbers; Perry and others discussed a small anticipated $9,000 pay adjustment tied to a staff member completing a CMO credential.
No formal votes were held during the workshop; Perry said numbers will be updated before the commission’s next meeting where the budget will be discussed again.
