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City Council <br />Meeting Minutes <br />October 12, 2108 <br />Page 2 of 10 <br />will bring the final budget to the special meeting on October 23 and the approval <br />resolutions on November 5. <br />Director Watson reviewed updated revenue projections noting corrections to the audit <br />and auto use tax numbers. He stated there are major one-time impacts from the hail <br />storm. He reviewed the expenditure projections and changes from the direction from the <br />last meeting to lower those. These changes make the out years more in balance. <br />Director Watson reviewed changes made to the General Fund support transfers and he <br />noted the high levels of reserves left in the General Fund well over the minimum level. <br />He noted some projects moved from the Capital Fund to the General Fund. <br />Director Watson reviewed the operating Surplus/Deficit formula and the formula for <br />recurring expenditures, specifically the revenue from building permit fees. He noted the <br />formulas can be changed if Council wishes. <br />Councilmember Maloney asked about the recurring costs. He noted we treat one-time <br />revenue different than expenditures, specifically the building revenue and expenditures. <br />If we remove revenue from the costs we need to then restrict the expenditures that the <br />revenue pays for. If we hold it as a reserve we should dedicate it to the use it is <br />intended for. <br />Councilmember Stolzmann agreed we need to treat the building revenue and <br />expenditures the same way. She recommended a separate fund for building permit <br />revenue so you can see what the revenue is and how it pays for expenditures over time. <br />Mayor Pro Tem Lipton agreed we need an adjustment to keep it clear. <br />Director Zuccaro stated there is some flexibility built into the building expenditures to <br />allow the Department to keep staff when revenues are down. City Manager Balser <br />stated a new fund is a possibility, but it could not be created in time for the 2019 budget. <br />Mayor Pro Tem Lipton stated having higher fund balances is fine. Carrying extra funds <br />is an opportunity for future investment. He stated service levels are fine. We can save <br />that money for future projects in transportation or another area. It allows the Council <br />some time to decide how we want to spend it. Councilmember Stolzmann agreed. <br />City Manager Balser asked if Council supported the proposed long-term revenue <br />assumptions and expenditure targets and with the additional General Fund increases in <br />staffing and/or service levels. Members agreed with the assumptions as proposed and a <br />plan to hold more in reserves for now and then decide how to spend it with further <br />discussion on projects and services in later years. Council will have a future <br />conversation on how one-time revenue and expenditures are treated. <br />RECREATION AND SENIOR CENTER 2019 FEES <br />