4.4. SR 01-20-1998 - Laserfiche WebLink

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er 3, 1997 Page 5 The City Administrator indicated that on 10/27/97 the City Council agreed to an approximate 3 percent increase in the city tax rate. He explained that this decision would involve the decrease in budgeted tax revenues by approximately $150,000. The City Administrator reviewed the proposed adjustments in the budget due to the $I 49,650 reduction in general fund tax revenues. The adjustments are as follows: Revenue Increases - $52,000; Cash Flow Reserves - $50,700: and Expenditure Reductions - $46,950. Mayor Duitsman suggested cutting the contingency budget and the cash flow reserves by an additional $25,000 each. Discussion was held regarding the two COPS FAST police officers and the request for a captain. Mayor Duitsman indicated that he is supportive of at least one COPS FAST officer, but does not support the captain position at this time due to budget restraints. Councilmember Farber indicated that he is in favor of both of the COPS FAST officers. Councilmembers Holmgren and Thompson concurred with Councilmember Farber. Councilmember Farber indicated that he is also supportive of a captain position, but understands the budget restraints at this time. He suggested that the city consider an adjustment in the COPS FAST officers in order to allow for the captain position. It was the consensus of the Council to authorize the two COPS FAST positions at this time. No decision was made on the captain position. COUNCILMEMBER FARBER MOVED TO DEDUCT $25,000 FROM THE CONTINGENCY BUDGET AND $25,000 OUT OF RESERVES. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. Mayor Duitsman suggested that the City Council review the expenses and source of funds for the City Hall payments in September or October of 1998 to consider what is needed from the general fund and what could come from reserves. Lori Johnson indicated that she will bring this issue back to the City Council for review during budget amendments in 1998. COUNCILMEMBER HOLMGREN MOVED TO AUTHORIZE A $149,650 DECREASE IN THE GENERAL FUND TAX REVENUES BASED ON THE SEPTEMBER 8, 1997, TAX LEVY RESOLUTION AND THAT THE BUDGET, WITH THIS AMENDMENT, BE PRESENTED AT THE DECEMEBER 1, 1997, TRUTH IN TAXATION PUBLIC HEARING. COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER DIETZ MOVED TO AUTHORIZE STAFF TO ADVERTISE FOR THE PLANNING INTERN POSITION. MAYOR DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 5-0. 7. Other Business There was no other business presented.