08-30-1994 CC MIN - SPECIAL - Laserfiche WebLink

Home Browse Search

Special City Council Meeting August 30, 1994 Page 3 e The Appropriations Summary page, the 1995 Personal Services Cost page, the 1995 Personal Service Additions page, and the 1995 Capital Outlay page that were distributed at the 8/29 meeting were discussed. It was noted that with the $80,000 addition in Personal Services for 1995, the budget gap is $339,000, and that expenditures are higher than the 14.2 percent increase that was originally presented. With this addition, expenditures would increase $564.450 or 16.6 percent and the total would be $3,959,200. The City Administrator reviewed with the City Council the Special Levy and Supplemental budgets. The following items were noted: Library - This budget is proposed to increase $5,900. Most of the increases are related to additional building expenses associated with the expansion project, the capital outlay expenditures for shelving, and the annual budget share of the debt payment. Equipment Certificates - The Police and Emergency Preparedness siren expenses are consistent with past budgets. The Street Department request is for approximately one-half of the cost for a new loader. The remaining expenses for the loader would come from the street equipment reserve and from monies generated by the sale of some City property to the UPA. e Special Assessments - An increase was noted in the Meadowvale Park special assessments. If no new special assessments are assumed by the City, then this total levy will decrease in the next few years. Sanitary Landfill - This budget is not financed by tax monies. The total is estimated at the same amount as the adopted 1994 budget. Funds have been shifted to allow for more professional services. Funds still are included as a transfer to the general fund for City services. HRA - Each line item and the budgeting process for the HRA were reviewed. EDA - It was noted that the total amount would not change even if the EDA included some of the expenditures requested by the City Council. The funding for these expenses would have to come from the development activities line item and if more monies were needed for development activities, then the EDA would have to use its fund balance. The City Administrator distributed the 1994 Revenues or Source of Funds page. The following comments were noted: e General property tax - This category is proposed to increase $225,000 or 15 percent based on an estimate of the needed revenues to finance City operations with a minimum tax rate increase based on an assumed increase in the City net tax capacity. The Council can increase or decrease this amount prior to the 9115 certification date, but can only decrease this amount after that time.