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City Council <br />Special Meeting Minutes <br />November 3, 2008 <br />Page 3 of 16 <br />REGULAR BUSINESS <br />2009 PROPOSED BUDGET -PUBLIC HEARING <br />Mayor Sisk opened the public hearing and requested a Staff presentation. <br />City Manager Fleming explained based on Council's comments at the October 21 <br />City Council meeting, the budget currently under consideration has been <br />adjusted as follows: <br />• Temporary salaries in the Library Services Department of the General <br />Fund have been increased from $90,000 to $105,000 to ensure the <br />Library is able to remain open 7 days per week. <br />• A Cemetery Fund has been established. <br />• Burial lot revenue will be split between the Cemetery Fund and the <br />Cemetery Perpetual Care Fund. <br />• The Cemetery budget in the General Fund has been eliminated and <br />reclassified into the Cemetery Maintenance budget of the Cemetery Fund. <br />• The interest earnings from the Cemetery Perpetual Care Fund will be <br />transferred to the Cemetery Fund rather than the General Fund. <br />• An interfund transfer has been established from the General Fund to the <br />Cemetery Fund for maintenance costs less the interest transferred from <br />the Cemetery Perpetual Care Fund. <br />• Projected interest earnings for all funds have been reviewed and adjusted <br />for new estimates on rates of return and invested principle. <br />• The North Plant Workshop Project was added to the C-I-P ($377,430 from <br />2009 through 2011) <br />Fiscal Impact: Staff project expenditures in the General Fund will be slightly less <br />than anticipated revenues. In some other funds the impact of large capital <br />projects will make expenditures exceed anticipated revenues. <br />City Manager Fleming requested Council conduct a public hearing, consider <br />comments and provide staff with direction on any additional changes to be <br />reflected in the final budget. Staff will make those changes and schedule formal <br />adoption of the budget on November 18, 2008. <br />COUNCIL COMMENTS <br />Councilor Dalton suggested in the future Council monitor the trend of <br />expenditures exceeding revenues. Mayor Sisk agreed the budget should be <br />monitored on a regular basis. He noted the budget adjustments include <br />maintaining Library services on Sunday. <br />19 <br />