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D) FINANCIALS <br /> The council was given a copy of the financials for October 2012. <br /> MAYOR COMMENTS <br /> Mayor Elumbaugh informed the council that the annual Christmas Parade will be <br /> Monday December 3, 2012. The lighting ceremony will begin at 6:15 pm followed by <br /> the parade at 7 pm. <br /> Mayor Elumbaugh informed the council that the City has received an increase in <br /> health insurance premiums for 2013. He told the council that he would like for the City <br /> to go ahead and cover the additional amount for January. There will be some <br /> proposal's to look at during the budget process that will address the cost of dependent <br /> coverage. Councilmember Bryant made a motion to cover the additional premium for <br /> January and Councilmember Insell seconded. All were in favor. <br /> Mayor Elumbaugh asked the council to consider pay incentives for all city <br /> employees. After a review of the financials, Mr. Krug said he felt like the employee's <br /> deserved the pay incentives. Councilmember Krug made a motion that all full time <br /> employees get a $500 pay incentive and all permanent part-time receive $250. <br /> Councilmember Insell seconded. All were in favor. <br /> Mayor Elumbaugh asks Dr. Matthews to tell the council about upcoming Federal <br /> Communications Commission regulation changes that will be coming in the future. Dr. <br /> Matthews explained to the council about the new regulations and told them that this <br /> would be something that will need to be addressed in the near future to keep the City in <br /> compliance. <br />