MONROE - Any money spent from the Tax Incremental Finance (TIF) District #7 funds will need formal approval from the Finance and Taxation Committee.
The Monroe Main Street Board of Directors June 9 approved a resolution authorizing an application procedure for spending TIF 7 funds. The board was also to review and approve such expenditures, which would be final unless the city sent to the board written notice of a necessary review by an appropriate city committee or by the City Council.
But the Finance and Taxation Committee balked at the idea in a meeting Tuesday.
In the proposed resolution, City Clerk Carol Stamm would have been responsible for seeking the advice of Mayor Ron Marsh or a member of the city accounting department on whether the expenditure needed review.
Instead, members of the Finance and Taxation Committee approved the Main Street procedure, but directed Stamm to submit all expenditures from TIF #7 to the committee.
The committee's move does not need council approval. The council will continue its procedure of approving payment of the expenses through its claims committee.
Dan Henke, newly appointed to the board, voted against the resolution.
The resolution "was not written to the satisfaction of the committee," which still wanted the right to approve expenditures, he said.
"We'll still work with Main Street, but any money spent should probably be looked at by both groups (Monroe Main Street Board and Finance and Taxation Committee)," Henke said.
The council approved Henke's appointment to the board Tuesday night to fulfill the unexpired term of former city administrator Mark Vahlsing.
The Monroe Main Street Board of Directors June 9 approved a resolution authorizing an application procedure for spending TIF 7 funds. The board was also to review and approve such expenditures, which would be final unless the city sent to the board written notice of a necessary review by an appropriate city committee or by the City Council.
But the Finance and Taxation Committee balked at the idea in a meeting Tuesday.
In the proposed resolution, City Clerk Carol Stamm would have been responsible for seeking the advice of Mayor Ron Marsh or a member of the city accounting department on whether the expenditure needed review.
Instead, members of the Finance and Taxation Committee approved the Main Street procedure, but directed Stamm to submit all expenditures from TIF #7 to the committee.
The committee's move does not need council approval. The council will continue its procedure of approving payment of the expenses through its claims committee.
Dan Henke, newly appointed to the board, voted against the resolution.
The resolution "was not written to the satisfaction of the committee," which still wanted the right to approve expenditures, he said.
"We'll still work with Main Street, but any money spent should probably be looked at by both groups (Monroe Main Street Board and Finance and Taxation Committee)," Henke said.
The council approved Henke's appointment to the board Tuesday night to fulfill the unexpired term of former city administrator Mark Vahlsing.