Minutes CFAB 10/06/2014MINUTES FROM CITIZENS FINANCIAL ADVISORY BOARD MEETING
FOR THE TOWN OF TROPHY CLUB
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, October 6`h, 2014 at 6:00 P.M.
Public Services Building Conference Room
The Citizens Financial Advisory Board of the Town of Trophy Club, Texas, met in a meeting on Monday, October
6th, 2014. The meeting was held within the boundaries of the Town and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON & TARRANT COUNTIES§
BOARD MEMBERS PRESENT:
Mike Buck - President
Kathy Carlton — Vice President
Alex Palazzolo — Board Member
Neil Justice — Board Member
Ralph Reed — Board Member
Roger Williams- Board Member
Connie Edwards —Board Member
Greg Lamont —Council Liaison
STAFF AND GUEST(S) PRESENT:
Philip Shoffner —Council Member
Mike Slye —Town Manager
John Zagurski — Budget Analyst
Lou Hocker —Guest
Robert Hillman - Guest
President Mike Buck called the meeting to order at 6:03 p.m.
1. Welcome from the Town Manager Mike Slye
The Town Manager Mike Slye introduced himself to the board and the new board members.
2. Consider and take appropriate action regarding the election of CFAB Officers:
Neil Justice nominated Mike Buck as Chairman and Kathy Carlton Vice Chairperson, Roger Williams
Seconded the motion, approval was unanimous
3. Consider and take appropriate action regarding the Minutes dated August 18th, 2014.
Neil Justice moves to approve, Alex Palazzolo seconded the motion, and the vote to approve was
unanimous
4. Discuss the necessary steps to form a recommendation to the Town Council regarding Fire and
Police Salary True -Up
Board members requested the following information to be researched and provided to them:
- Adjustments to base salary over the last three years, of cities surveyed.
- Number of police, fire and EMS calls responded to.
- Other communities to be included in the survey— highland village, little elm, Prosper or Collin County
Equivalent to Trophy Club
- Benefits comparison: health, dependent coverage, retirement, social security, and collective bargaining
rights vs. non -collective bargaining rights.
Board Members to review existing salary survey that was submitted in the agenda package. Town staff
to report finding during future meeting, October 301h
5. Discuss the steps necessary to form a recommendation to the Town Council on the Viability and
options related to Texas Municipal Retirement System (TMRS).
The Board has requested to have a representative from TMRS come and speak about the system. TMRS
consultant tentatively scheduled for October 16th meeting.
6. Discuss items for future agendas
a. TMRS, attached guide of presentation
b. Presentation by UNT professor
c. Application review for vacant seat on CFAB
7. Set net meeting date
Two meeting dates were set
a. October, 16th 6:00 pm
b. October, 30th 6:00 pm
ADJOURN
Neil Justice made a motion to adjourn. Motion seconded by Alex Palazzolo. Motion approved
unanimously. Meeting adjourned at 6:56 p.m.
John urski, Budget Analyst Mike Buck Board President
To of Trophy Club, Texas Town of Trophy Club, Texas