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

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Special City Council Meeting August 30, 1994 Page 4 e ntergovernmental Revenues - An $8.400 or .91 percent increase. hanges noted include small increases in Local Government Aid, Police elief funds, and the gravel tax, while a decrease was noted in the Landfill urcharge. harges for Services - This category decreased $36,600, but this is due to shifting the $50,000 D.A.R.E. contribution to the transfers category. Excluding this transfer, Charges for Services increased slightly. The biggest increases were in the plan check fees and planning and zoning fees based on actual revenues for development activities for 1993. It was noted that the City should not become dependent on development related fees as these revenues fluctuate. The City hopes to cap its administrative project revenues at $50,000, and have any additional funding go into the administrative equipment reserve fund. Fines and Forfeits - A $19,800 or 20 percent decrease is projected based on 1993 actual revenues. Licenses and Permits - A $28.400 or 18 percent increase was noted with the most significant increase being in building permits. Other Revenues - A $5,000 increase located in the interest line item. The Municipal Utilities contribution remained the same as it has for the past eight budgets as did the Guardian Angels contribution which increased a few years ago. e Transfers - A $15,000 or 7 percent increase was due mainly to the D.A.R.E. transfer. Without this transfer taking place, this category would have decreased $35,000. This decrease is located primarily in no funds being planned to be transferred into this operating budget from the cash flow reserve. Other changes include a decrease in the elections equipment reserve, as 1995 is an non-election year, and an increase in the equipment reserves to finance capital outlay items located within departmental budgets. This proposed budget in the amount of $3,620,200 is a 6.6 percent increase from the adopted 1994 budget. The total increase of $225.450 is almost identical to the proposed increase in the general property tax. Proposed revenues are $339,000 short of the proposed expenditures. The Council discussed all the options available to balance the 1995 budget. Some potential expenditure cuts and revenue increases were reviewed. The Council requested additional staff input on options to balance the budget. The next budget worksession will be on 9/6/94 and options to balance the budget will be reviewed at that time. e The City Administrator stated that staff is recommending that the EDA site improvements to create a park environment should be financed from 1995 NSP contributions to the City and that the engineering study for the east Highway 169