FY2024 PRMS Budget
Member McPhearson said in June, staff brought the FY2024 budget before the committee
for review and input. He said we are now coming to the committee to obtain a
consensus. He said the amount has changed slightly, mainly for two reasons, including a
bit of cleanup and the consolidation of two budget lines into one. He said now all of our
PRMS items are captured under one account. He said in June staff presented a $1.7
million budget, which they projected was 3% higher than the previous year; however, the
actual number came in at $1.8 million and is $249,000 less than the previous year and is
an 11% decrease.
Member Franz said the Treasurer had a great presentation at the ETSB meeting this
morning about investment income. He suggested we track that in the PRMS budget as
well. Member McPhearson said he asked the Treasurer or Ellen to come and share more
information between ETSB and PRMS, but they were unable to attend today's meeting.
He said he hopes to have them attend in the future, but staff will track that going forward.
Member Franz said there may be a municipality or two that may be interested in pulling
out of the consortium. He said that would impact the budget as well. He said it is the job
of this committee to vet any issues and be more engaged, hopefully drawing some of the
concerns out and addressing them. Chair Berlin agreed with Member Franz and said he
thinks that is one of the reasons our departments work so well together, is because we
have this group in a single system that they are all a part of. Member McPhearson said
we can add this as a discussion on our next agenda. He said he would like to hear more
about the second agency that is considering pulling out. Member Franz asked if there is
an opportunity to send something out to all agencies to get a sense of who is interested in
extending this for another five years as well as to find out who is having issues. Member
McPhearson said we have started that process, but we need to make some adjustments to
the IGA before we start reaching out to the agencies.
Member Zerwin said Bartlett never came on the system and Addison is the only one we
know of who has given a letter saying they want to pull out. She said they went to Axon,
noting that they are cheaper because they do not have the interfaces and build out that we
have today.
Member Zerwin showed the Treasurer's slide from the ETSB meeting regarding interest
earning projections.
Attachments:
APPROVED
RESULT:
MOVER:
SECONDER:
AYES:
Deborah A. Conroy
Anthony McPhearson
Berlin, Conroy, Fieldman, Martynowicz, McPhearson, Mendrick,
Scalera, and Zerwin
Maranowicz, Ritz, and Sennett
Franz
ABSENT:
LATE: