8. SR 09-12-1994 - Laserfiche WebLink

Home Browse Search

. Anything short of a united Council request to the appointed Utilities Commission is not likely to be successful. Discussion has taken place regarding reducing the surface water management levy, and, if this does take place, some of this reduced levy amount could be shifted into the general fund to support City services. At the end of my September 1, 1994, memo to the Council, I outlined additional options for the Council to look at in order to balance the budget. These options may still be viable and should be reviewed by the Council. One scenario for the $117,500 gap looks like this: $36,000........ increased Utilities contribution $25,000........ additional tax revenues $22,500........ use of cash flow funds $10,600........ cut in Council contingency $15,400........ cut in capital outlay/reserves requests $ 8,000........ cut in sealcoating program . As the City Council is aware, it can approve a budget that is not balanced by approving the expenditure level and adding cash flow reserves to the revenues to match this amount. If this takes place, then budget adjustments will be necessary after the September certification date and before the December Truth in Taxation hearing. One adjustment staff would like to recommend to the Council relates to the police VCR camera. On 9/6/94, the Council authorized this purchase through the use of undesignated equipment reserves. Last year, a VCR police camera was authorized through the use of the self-insurance reserve fund and it is suggested that we again use this fund for this camera rather than further reducing the undesignated equipment reserve fund. .