Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council splits on indirect-cost allocation, keeps issue open for finance committee review
Summary
Council approved staff's interim $255,000 indirect-cost allocation for the budget while directing finance committee to study methodology and policy; the vote produced disagreement and a recorded roll-call with dissent.
Council members debated whether to increase the city’s indirect-cost allocation from the prior $225,000 level to a staff-recommended $255,000. Finance committee had urged keeping the $225,000 figure in the budget while completing an independent study to establish a long-term policy. "We recommend keeping it at that in this budget, but independently study the reality of our indirect cost allocations," a finance committee member told the council.
After discussion, council voted to adopt the staff figure for the budget year while referring the allocation method back to finance committee for further analysis and a formal policy. The roll call recorded differing views; one council member opposed the motion, and members emphasized the need to document the allocation method for future 2/18 utility rate work.
