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Budget and Finance Committee approves routine claims, payroll and GASB 75 valuation purchase
Summary
The City of Laurel Budget and Finance Committee on March 10 approved routine items including minutes, claims, the payroll register and a purchase requisition for a GASB 75 actuarial valuation; motions passed without objection.
The City of Laurel Budget and Finance Committee approved several routine financial items at its March 10 meeting, including minutes, claims, payroll and a purchase requisition for an actuarial valuation under GASB Statement No. 75.
The committee convened at 5:30 p.m. and, with no public comment, moved through its agenda. Committee member Jessica Banks moved to approve the minutes of Feb. 24, 2026; Tom Canape seconded, and the motion passed with no objection.
Clerk/Treasurer Kelly Strecker presented a purchase requisition from One Digital for the actuarial valuation required under GASB Statement No. 75, which the transcript records as costing $5,500 for fiscal year 2025/2026 and a combined total of $7,700 for that valuation plus a roll‑forward valuation for fiscal year 2026/2027. Jessica Banks moved to approve the requisition; Tom Canape seconded and the motion passed with no objection.
Votes at a glance - Minutes (Feb. 24, 2026): Motion by Jessica Banks; second Tom Canape; outcome: approved (no objection). - GASB 75 purchase requisition (One Digital): Motion by Jessica Banks; second Tom Canape; outcome: approved (no objection). Cost recorded in transcript: $5,500 for FY2025/2026 and a combined total of $7,700 for both valuations (roll‑forward valuation for FY2026/2027 referenced in the same item). - Claims and check register (through March 6, 2026): Motion by Richard Klose; second Tom Canape; outcome: approved (no objection). - Payroll register (pay period ending March 1, 2026): Motion by Casey Wheeler; second Richard Klose; amount: $277,678.02; outcome: approved (no objection). - February 2026 utility billing adjustments: Motion by Jessica Banks; second Richard Klose; outcome: approved (no objection).
Each of the above motions passed with no recorded objections by the committee during the meeting. The committee scheduled its next meeting for March 24, 2026, at 5:30 p.m. and adjourned at 6:15 p.m.
