BUDGET COMMITTEE

August 19, 2009

** NOT APPROVED **

---

Committee Members Present

T. Hopkins, D. Fanton, W. Dibble, C. Crandall (Absent: W. Hall, T. O’Grady)

Others Present

J. Margeson, M. McCormick, B. Riehle, T. Ross

Media Present

B. Quinn – Wellsville Daily Reporter

Approval of Minutes

The July 15, 2009 Budget Committee minutes were approved on a motion by Legislator Dibble, seconded by Legislator Fanton and carried. A motion was made by Legislator Fanton, seconded by Legislator Dibble and carried to amend the August 5 Budget Committee minutes to reflect that Legislator Dibble made the motion to adjourn the meeting rather than Legislator O’Grady. The amended August 5 Budget Committee minutes were then approved as amended on a motion by Legislator Dibble, seconded by Legislator Fanton and carried.

Sales Tax Report

County Treasurer Terri Ross distributed copies of a Sales Tax Report reflecting receipts through August 13, 2009, totaling $10,092,496.43 and interest totaling $1,716.36 which is down about 11.045 percent ($1,253,184.07) over last year’s figures. If the current trend continues, the County Treasurer projects that we could be approximately $2.27 million short in sales tax revenue collections this year.

Ms. Ross briefly talked about some of the issues discussed at the Finance School she recently attended. Most counties are experiencing the same downward trends in sales tax revenues that we are seeing. In addition, interest income will also be down.

Adjournment

There being no further business to come before the committee, the meeting was adjourned on a motion by Legislator Fanton, seconded by Legislator Dibble and carried.

Respectfully submitted,

Brenda Rigby Riehle, Clerk of the Board

Allegany County Board of Legislators