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City Council Meeting Minutes October 18. 2016 Page 3 of 14 PUBLIC HEARING ON CITY MANAGER'S PROPOSED 2017-2018 BUDGET AND 2017 — 2021 CAPITAL IMPROVEMENTS PLAN City Manager Fleming introduced the public hearing on the budget noting this is the culmination of many meetings over the past year. He reviewed the priorities that have been included for funding in the final proposal and those priorities which are not included in the final proposal. The proposal reflects the direction staff received from the City Council in previous meetings. City Manager Fleming reviewed the major capital projects and general fund projects in the proposal. With all of these priorities included, the General Fund reserves are still in excess of twenty percent of the proposed expenditures and the Capital Fund is above $2.7 million. City Manager Fleming noted the new projections show an additional $750,000 in funding in the CIP budget. He stated this could be used for additional capital projects if Council wants to pursue such action. City Manager Fleming reviewed the Open Space & Parks Fund and how the funds are allocated. He noted very little of the Open Space & Parks Fund is currently being spent on acquisition as there are currently no property owners willing to sell to the City. He noted Open Space and Parks operations and administration make up the bulk of the expenditures in that fund. City Manager Fleming reviewed the Golf Fund noting what would happen to the Fund if the debt service to the Utility Fund is paid off from the General Fund versus if it is not. Without paying off that debt, the Golf Fund is not likely to be sustainable if it needs to pay for major capital items in the longer term and also pay the debt service. He noted the current proposed budget has higher projections for golf revenue than he is comfortable with and those will be reduced for the November adoption. City Manager Fleming reviewed the multiple sustainability actions the City has taken in the last six years. Councilmember Leh added that the City made a contribution to the Kestrel Housing project which will be using geothermal energy. Public Comments Debbie Fahey, 1118 Enclave Circle, thanked staff for highlighting the list of sustainability work the City has completed. Connor Long, 1931 Eisenhower Drive, spoke in favor of a lighted pedestrian crossing at Eisenhower and South Boulder Road. He noted the sun is often in the eyes of drivers making the road even more dangerous to cross. A crossing would improve safety.