City Council Minutes 2019 06 04 - Laserfiche WebLink

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City Council Meeting Minutes June 4 2019 Page 10 of 16 APPROPRIATIONS AND ADDITIONAL APPROPRIATIONS WITHIN SUCH FUNDS AND ADJUSTING BUDGETED REVENUE IN THE GENERAL FUND, OPEN SPACE & PARKS FUND, HISTORIC PRESERVATION FUND, RECREATION FUND, CAPITAL PROJECTS FUND, AND RECREATION CENTER CONSTRUCTION FUND — PUBLIC HEARING (advertised Daily Camera 5/31/19) Mayor Muckle introduced the resolution by title and opened the public hearing Director Watson stated this amends the budget for 5 general reasons. 1) carry forward unused appropriations from 2018, 2) adjust appropriations for items not anticipated, 3) reallocate replacement contributions to the Technology Management Fund, 4) adjust appropriations for wages and benefits, and 5) to adjust the revenue budget for delayed project revenue He reviewed the fiscal impact of the amendment noting all funds are projected to retain adequate levels of reserves through 2019 When the 2019 budget was adopted in November 2018, we were projecting an ending General Fund balance of $5 3 million Including a 3 5% turnback, we are now estimating an ending General Fund balance of $8 0 million He added that an error was made on the golf course fund line, there is now a positive adjustment and it now shows there is a reasonable balance in the fund Director Watson stated the Finance Committee has reviewed this information Councilmember Loo asked why the downtown paver project had a large carryover Director Kowar stated staff has not been able to get bids for the project; either contractors were not qualified or did not have enough employees Public Comments — None Councilmember Keany noted there are a number of items for which the line item was reduced in the original budget process but later it was amended to increase it again That process seems concerning City Manager Balser stated staff makes its best guess on costs but we now believe we need the additional funds as compared to a year ago Councilmember Stolzmann noted the transfer to the Rec Center construction fund of $247K is coming from impact fees. She would have preferred we used that to cover the cost over runs last year She would like a policy that impact fee money is the first that is used when it is appropriate Try to adhere to spending impact fee funds first given they are restricted and must be used in a specific time frame Mayor Pro Tem Lipton is concerned about the continued assumption of sales tax at 2%, Council should consider lowering that given current revenue information