City Council Minutes 2022 06 21 - Laserfiche WebLink

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City Council Meeting Minutes June 21, 2022 Page 3of9 & PARKS FUND, HISTORIC PRESERVATION FUND, RECREATION FUND, AMERICAN RESCUE PLAN ACT FUND, CAPITAL PROJECTS FUND, WATER UTILITY FUND, WASTEWATER UTILITY FUND, GOLF COURSE FUND, AND FLEET MANAGEMENT FUND (advertised Daily Camera 6/19/22) Mayor Stolzmann introduced the item by title and opened the public hearing. Director Watson stated this budget amendment will carry -forward unused funds from 2021 to 2022; adjust the 2022 budget for unanticipated items; increase budgets for additional operating costs due to the Marshall Fire recovery; increase the City's contribution to employee retirement accounts; increase the budget for new positions; make wage adjustments; and adjust revenue budgets. He briefly reviewed how the various amendments affect the different funds and the fiscal impact of these changes. He noted the Finance Committee reviewed the preliminary draft of the amendment at their June 13 meeting. Mayor Pro Tern Maloney stated there will be budgetary challenges going forward. The carry forward is almost $16M. This has nothing to do with the Marshall Fire but this very large carry forward is a systemic issue that needs to be addressed. The impacts of the Marshall Fire are still unknown. He stated there are three issues causing a budget imbalance: employee retirement contributions, new positions, and the compensation study. A reduction in expenditures or increase in revenues will be needed so the City doesn't remain out of balance. Overall the City is in pretty good financial shape. Councilmember Most asked how typical this budget amendment is, excluding the impact of Marshall Fire. Director Watson responded that it was a little larger than normal, but the City usually doesn't do mid -year wage and benefit adjustments. Public Comments: Josh Cooperman, 216 Griffith Street, stated there are two line items in the budget amendment for vehicles and he asked Council to ensure those vehicles are electric. Acting City Manager Davis noted the City looks at the options that are available and what the vehicles will be used for when considering electric vehicles. Electrification of City facilities and the ability to meet charging demands is also considered. If there is something available that suits the City's needs it will be purchased. Mayor Stolzmann noted that some large projects are being completed this year and that will help reduce some of the carry forward. MOTION: Mayor Pro Tern Maloney moved to approve Resolution No. 31; seconded by Councilmember Leh.