Laserfiche WebLink
<br />r I ~'\( <br />( ;; <br />!fi<' River <br /> <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />MAYOR & CITY COUNCIL <br /> <br />\ <br /> <br />" fo,t <br /> <br />FROM: <br /> <br />PAT KLAERS, CITY ADMIN1SJ\~1'OR <br />n, ",' \ . , <br />/. '.;' <br /> <br />DATE: <br /> <br />OCTOBER 19, 1994 <br /> <br />SUBJECT: BUDGET WORKSESSION <br /> <br />The main purpose of this budget worksession is for the City Council to close <br />the budget gap. Additionally, after a discussion on the budget, we will want <br />to review other financial issues that are either directly related to the budget <br />or which are on the immediate horizon that need City Council review and <br />action. <br /> <br />. <br /> <br />Please bring to this meeting the budget revenues and expenditures pages <br />that were reviewed on 8/29, 8/30, and 9/6. Attached for your review is my <br />9/1/94 memo, the 9/6/94 City Council minutes, and my 9/9/94 memo, all of <br />which relate to the proposed 1995 budget. A review of the 9/1 memo and 9/6 <br />minutes should remind the Council of how we got the budget gap from <br />$339,000 down to $117,500. The only items from my 9/1 memo which were <br />not approved by the City Council on 9/6 were the use of $20,000 from the City <br />cash flow fund and the last $10,600 reduction in the City Council <br />Contingency Fund. Staff will be prepared to discuss in detail how this budget <br />gap has been reduced to $117,500, depending on the wishes of the Council. <br /> <br />Clearly there are no easy answers left for the City Council in balancing the <br />budget. In the past eight years, the City has never had a budget gap of over <br />$154,700 (1992 budget) until this year and this 1995 gap was more than <br />twice the total of the next largest budget gap. Staff has made the <br />miscellaneous revenue increases and the smaller expenditure line item <br />reductions, per direction on 9/6, so the City Council really needs to look at <br />some of the bigger issues in balancing the budget. Staff has done about as <br />much as it can at this point and needs direction from the City Council. <br /> <br />One possible partial solution to our budget gap may be an increase in the <br />Utilities contribution. This needs to be discussed by the Council and also by <br />the Council and Utilities Commission at their joint meeting. <br /> <br />. <br /> <br />One big financial issue that could impact the 1995 budget is the City Surface <br />Water Management (SWM) program. Staff will be prepared to discuss with <br />the City Council the impact of the SWM levy on various classifications of <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />