The meeting was a follow-up from an Aug. 24 budget meeting.
Financial advisor Danny Marsh, from Umbaugh and Associates, Indianapolis, was on hand to help the council run through the spreadsheets, answer questions and offer advice.
"I do have a piece of good news ... (but it) also has a disclaimer so it's kind of a catch-22 of good news I guess," Marsh said.
Marsh continued, "The good part is that the income tax certifications for 2012 came in a couple days ago and the city of Brazil made out pretty well on that ... the money that came from the state to Clay County stayed the same as it was in 2011, but in terms of how it was allocated to each unit within the county, Brazil received more than what we had anticipated."
However, Marsh said the disclaimer is that even with that money coming in, the city is still not where it needs to be in terms of a balanced budget and a solid funding plan moving forward.
At this time, no decisions have been made, but the council has been tossing around some ideas. The ideas include whether or not to give raises to certain employees and officials, as well as where cuts need to be made. Both of which will affect the final budget.
Clerk/Treasurer Karen McQueen hopes the city receives a payment in lieu of taxes from the water department. The payment of around $61,000 would help the council balance the budget without making as many cuts.
"I don't see any reason to think that we wouldn't receive that from water this year," McQueen said. "I think a simple solution to this whole mess is to say that we will get that payment in lieu of taxes from the water, and if we get that, that's $61,000 added to our budget for 2012."
"My only problem with that is the fact we still don't know because I've not heard anybody say that they have the money to give no problem, because if there is a problem there, then that just goes out the window," Deal said.
At this point in time, the council can agree on one thing: They don't know enough yet to start making decisions, which is what council member Sam Glover touched on at the end of the meeting.
Due to the uncertainty the council has scheduled another budget meeting for Sept. 21, at 7 p.m., in Brazil City Hall.