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1998 Budget Worksession <br />August 25, 1997 <br />Page 10 <br /> <br />section. The expenditures for the equipment reserves budget are also <br />identified in the capital outlay summary page and are subject to City Council <br />discussion at its 8/25/97 worksession. The City Council should note that the <br />total capital outlay expenses proposed in 1998 are in the amount of $403,500. <br />By comparison, in 1997 the City Council had $409,250 in expenses for these <br />type of capital outlay items. <br /> <br />Four of the Council members sit on the EDA and Councilmember Dietz also <br />receives the EDA packet, so everyone should be familiar with the EDA <br />budget. The HRA budget is scheduled to be reviewed and considered prior to <br />the City Council meeting on August 25, 1997. It is expected that the HRA <br />will adopt the proposed budget at this meeting. Regarding the HRA and <br />EDA, the City Council needs to pass individual motions approving the tax <br />levy resolutions for these two agencies. These resolutions will be handed out <br />at the meeting. <br /> <br />The landfill budget is very straightforward. The city has staff time, legal, <br />environmental, and the active gas extraction program expenses included in <br />the landfill operation. The city is reimbursed for these expenses from the <br />landfill surcharge that is available to be used for waste abatement purposes. <br />Additionally the city transfers out $19,750 from this fund to the general fund <br />to help offset the expenses of police services to monitor garbage truck <br />activities in and around the landfill and throughout the city. <br /> <br />The ice arena budget is new to the city and the budget has closely followed <br />the estimates that were provided to the city by the Ice Arena Task Force and <br />which were used in the bond documents. It will be a number of years before <br />we actually have a clear understanding of the operation and expenses at the <br />ice arena and for the revenues that are generated from the various programs <br />and activities. At this time our concerns with the ice arena are the same as <br />with any fund inasmuch as we are concerned that revenues meet the <br />projected level and that expenditures can be held to the budgeted amount. <br />Our first obligation with the ice arena is to pay off the debt. If there are not <br />sufficient funds available to operate the arena after this obligation, then the <br />city will have to look at other funding sources which include general reserves <br />or a tax levy. <br /> <br /> <br />