INDIAN IBEORES OFFICIAL MINUTES Budget Workshop Meeting Thursday, July27,2023 8:50a.m. TOWNO OF INDIAN RIVER SHORES 6001 HIGHWAY A1A INDIAN RIVER SHORES, FL 32963 AP Public Budget Workshop was held on Thursday, July 27, 2023, in Council Chambers, 6001 Highway AIA, Indian River Shores. Councilmembers present were Brian Foley, Mayor; Sam Carroll, Vice Mayor; Bob Auwaerter, Councilmember; and James Altieri, Councilmember. Also present were James Harpring, Town Manager, Peter Sweeney, Town Attorney and. Janice C. Rutan, Town Clerk. 1. Call to Order a. Invocation b. Pledge of Allegiance Roll Call Mayor Foley called the Budget Workshop to order at 8:50 a.m. The Invocation was offered by Vice Mayor Carroll. Mayor Foley led int the Pledge of Allegiance. The Town Clerk called the roll. All members were present except Councilmember Smith. 2. Budget Overview and Discussion Town Manager Harpring then presented the proposed Budget to the Town Council. He noted that there may be potential changes to the revenue as not all the revenue sharing figures had been reported. He then expressed his appreciation to Heather Christmas, Town Treasurer for her work in the preparation of the FY Councilmember Altieri expressed his appreciation to the Town Treasurer as well as the Finance Committee for their efforts and participation in the budget process. He found the questions posed by the Committee and answers received to be most helpful and an example of the Finance Committee's input into the process. Councilmember Auwaerter noted that the reserves were not changed and remained the same as the prior year. He added that the Town Council was working toward building back up to 75% of the building funds reserves. Mayor Foley and Vice Mayor Carroll echoed the sentiments of Councilmembers Auwaerter and Altieri and 2023-2024 Budget. expressed their appreciation to the Finance Committee. 3. Public Comment None. 4. Recommendations Page1of2 It was the recommendation of those present to set the maximum tentative millage rate at 1.3349 and to recommend the tentative budget for FY 23-24 be approved as well. With no further business to be discussed, the workshop ended at 8:57 a.m. 5. Adjournment Approved: August 24,2 2023 Janice-C/Rutan, Town Clerk Page 2of2