City Council Minutes 2014 10 07 - Laserfiche WebLink

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City Council Meeting Minutes October 7, 2014 Page 10 of 27 MOTION: Mayor Muckle moved to approve Resolution No. 60, Series 2014, seconded by Council member Loo. The motion carried by a vote of 5 -2. Mayor Pro Tem Dalton and Council member Moss voted no. PRESENTATION — CITY MANAGER'S PROPOSED 2015 BUDGET AND 2015 — 2019 CAPITAL IMPROVEMENTS PLAN (CIP) SET PUBLIC HEARING — OCTOBER 21, 2014 Mayor Muckle explained the annual budget is the most significant policy document. City Manager Fleming would present an overview of the proposed 2015 Budget. The City Council will conduct a Special Meeting on Tuesday, October 14, 2014 to discuss the proposed 2015 Budget in detail. A public hearing will be held at the next regular City Council meeting on October 21St. He requested the City Manager's Presentation of the 2015 Budget and 2015 -2019 Capital Improvement Plan (CIP). City Manager Fleming presented a brief overview of the Proposed 2015 Budget. He explained the budget is an extensive document. New this year, as part of the Proposed Budget, are Departmental summaries to help explain the work each department does and provide justification for each recommended significant change and the implications on the long -term fiscal health of the City and all the details associated with the Capital Projects. The City Manager's Proposed 2015 Budget is for all funds, by programs and by individual funds and the 2015 capital projects included in the 2015 — 2019 Capital Improvements Plan. His presentation included the following 2015 Budget Key Sections: 2015 Goals and Objectives; Summary of Recommended Significant Changes. Major Issues: Golf Course Operations; Open Space and Parks Funding; Employee Compensation and Benefits and Department Summaries and Performance Measures. The 2015 Budget Key Sections: The Financial Overview of Revenue Assumptions and Expenditure Targets; Recurring Revenue vs Recurring Expenditures and the Primary Fund Summaries of the General Fund; Open Space and Parks Fund; Capital Projects Fund; Water, Wastewater, and Storm Water Funds (Combined Utility Fund) and the Golf Course. 2015 Major Capital Projects: Water, Wastewater and Storm Water Utilities: Wastewater Treatment Plant Upgrade, Windy Gap Firming; Water and Sewer Line Replacement; and BNSF Bullhead Gulch Drainage Facility and Underpass. General Fund Forecast: City Manager Fleming reviewed the General Fund Forecast Assumptions and noted the 2015 Budget brings the reserves down to the minimum 15 %. This is a reflection of how much money will be transferred out of the General Fund to other funds to address flood related projects. He noted there is a need for a healthy reserve in the open space and parks funds for expenses currently paid by the general fund or to reduce expenditures.