City Council Minutes 2008 11 03 - Laserfiche WebLink

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