Town of Woodfin Tuesday, March 11, 2025 Town Council Budget Work Session 3:00 pm ACTION MEETING MINUTES mos Council Members Present THCARO Mayor Jim McAllister Vice Mayor Elisabeth Ervin Council Member Philip Cohen Council Member Eric Edgerton Council Member Ken Kahn Council Member Hazel Thornton Council Member Johanna Young Town Staff Present Shannon Tuch, Town Manager Sheri Powers, Finance & Budget Director Jacqui Boykin, Chief of Police Ricky Hurley, Planning Director Gena Powers, Town Clerk, / PIO Adrienne Isenhower, Projects & Facilities Director The meeting video can be seen in its entirety at: https//youtube.com/lve/HTBgoB 6qkfeaturesshare. Mayor McAllister called the meeting to order at 3:02 pm. A. Approval of the Agenda Vice Mayor Ervin made a motion to approve the agenda. Council Member Kahn seconded the motion which passed unanimously, 6-0. B. Consent Agenda (0:12) 1. Approval of Resolution 2025-01 To Approve the North Carolina Cashflow Loan Agreement and Promissory Note Provided by the North Carolina Department of the State Treasurer. Vice Mayor Ervin made a motion to approve the consent agenda. Council Member Cohen seconded the motion which passed unanimously, 6-0. C. New Business (0:30) 1. Presentation and discussion regarding FY2025 budget matters. (Presenter: Sheri Powers & Shannon Tuch) a. Budget process overview-Sheri Powers b. Five-year financial forecast-Sheri Powers C. Fund Balance & Debt-Sheri Powers d. Community Grant Program-Shannon Tuch D. Adjournment (1:29:49) Vice Mayor Ervin made a motion to adjourn the meeting. Council Member Kahn seconded the motion, which passed unanimously, 6-0. Mayor McAllister adjourned the meeting at 4:35 pm. DF ( A ML 1. AItest: fawlle JUNE James C. McAllister/Mayor 1971 e) Gena Powers/Town Clerk 6 1/Page CAROLINP