Village Board Meeting Minutes
Village of Ferryville
2019 Budget Public Hearing
November 29, 2018 - Village Hall

Village President Al Kirchner opened the Public Hearing for the 2019 general budget and the sewer utility budget at 7pm. The Clerk noted that the Hearing Notice had been correctly posted 15 days in advance. No one offered any other comments. On motion by Jeanne Rutter, second by Steve Werner, the public hearing was adjourned at 7:05pm.

Date: November 29, 2018

Present: President, Al Kirchner, Trustees Jeanne Rutter and Steve Werner and
Clerk/Treasurer, Larry Quamme
1. Call to Order: The meeting was called to order at 7:06PM, following the close of the 2019 Budget Public Hearing, by Village President Al Kirchner.
2. Certification of Open Meeting Law Requirements: The Village Clerk confirmed that lawful notice of the public meeting had been posted on the official posting board on 11/26/2018 and in the 3 other designated locations in the Village and posted on
3. Approve Agenda: Jeanne moved that the agenda be accepted as presented. Steve seconded the motion. The motion carried.


4. Consider/Approve 2019 General Budget: The Board reviewed the draft budget following the hearing. Steve moved approval of the proposed 2019 general budget for the Village of Ferryville with projected revenues of $287,008 and expenses of $294,513 and a municipal tax levy of $100,883. On second by Jeanne, the motion was approved.
5. Consider/Approve 2019 Sewer Utility Budget: Al moved to approve the proposed 2019 Sewer Utility Budget for the Village of Ferryville with the quarterly base "REU" remaining at $99 quarterly and with projected revenues and expenses of $47,428. On second by Steve, the motion was approved.
6. Consider/Approve 2019 Loan: The Clerk/Treasurer indicated the need to borrow funds was necessary to replace the roof on the fire station (rear garage), replace the Ford pickup truck, balance the 2019 budget and handle any other issues that may arise. He indicated that the River Bank had agreed to loan the Village $50,000 with an interest rate of 3.6% and annual payments of $9,230 for a 6 year period. The River Bank interest rate was the lowest of the quotes obtained. Steve moved to obtain a 6 year loan from the River Bank in the amount of $50,000 with an interest rate of 3.6% and annual payments of $9,230 with the first payment in January of 2020. On second by Jeanne, the motion was approved. No increase in the annual 2020 levy will be required as another loan would be paid off in 2019.
7: Adjourn: Motion offered by Jeanne to adjourn, second by Steve, and the meeting adjourned at 7:20PM.
Larry Quamme, Clerk-Treasurer