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08/27/2012-4B-Minutes-RegularMINUTES:4B DEVELOPMENT CORPORATION August 27, 2012 PRESENT:Beverly Howard,Will Dutton,John Payne,Jeff Springer, Beverly Branch, Barbara Martin and Christy Crutsinger OTHERS PRESENT:Mike Brice City Manager, Tami Taber City Secretary 1.Call Meeting to Order. John Payne called the meeting to order at 6:00 p.m. 2.Approve Minutes: June 18, 2012 Beverly Howard made a motion to approve. Seconded by Beverly Branch. Motion carried unanimously. 3.Consider, Discuss and Approve Budget for Fiscal Year 2012/2013. City Manager went over the proposed budget and noted that the amount of $22,500 (salaries and benefits) is incorrect and should be $0. Jeff Springer made a motion to approve. Seconded by Will Dutton. Motion carried unanimously. 4.Review Financials. City Manager advised that the sales tax is still up. 5.Adjourn. Meeting was adjourned at 6:24 p.m.