The motion passed on a roll call vote. Cynthia Schreiber's, Herbert Nilles', John Madell's and Terrence Gaffney's terms on the Utilities Commission will expire December 1998. Trustee Leenheers introduced Finance Director Turi, who discussed the October Report. Director Turi pointed out that this is the tenth month of the fiscal year. The General Fund will end the year with a surplus.
Revenues continue to meet projected goals.
The Police Pension Fund continues to gain back what it lost in the third quarter. The MFT Fund will end the year with a surplus. All other funds are on target. Ms. Turi updated the Board on the vehicle sticker collection, stating that an additional 320 vehicle stickers have been sold. Second letters are being sent at this time.