Laserfiche WebLink
M7NT]'CES <br />Sneci.al_ r,leei~i.n~ <br />Ju1.y t~a 1~8~ <br />19~i£~ ~1udi.t D7r, I~lesener fe).1: ~i:hat the Ci~Ly shoulcl r~axa a budc~c~t blsed on <br />Re~ort <a 3°; i.ncrelse since clae Cit.y is noF sure ii i.1 is go:i.nc:~ to <br />(conte) be above tkaat arnount, Pi.r. Fahey a:;kecl i.f.. G•re v~ou7.~l hlve ihe <br /> revenue fie~ur es ].at~r tkzis Fa:L1 so tk~at ~~~e would Icno~~r iL v~e <br /> soill l~ave the exUra ?.°s or note ~~ir. P,:Lesene.r i.nc~9.r,atecl 'cks4t <br /> G~~e wauld have the a.n~ orrnati.on la ter. , i.~uf: ~~re migkat as S~~cl]. <br /> start on the budc~eL nocv, <br />T-1r, VoLO ielt thlt tkie City rnay have to recluce tne C~;~:ital <br />money t~itl~in tl~ie Genera]. I3udget so t'nai. tl:ie City c~~n finance <br />oi:lser operlta.nc~ e~~erASes, rire ~~oro stlted tklat he ~aouli! gec <br />the prelirninar~ r~venue 1°igure for ~he Gener~al Furlci }~~ mia <br />to late tluqtzst, P.-7r, Voco i.nciicltecl i:hat tk~e C~.~y saaould <br />st~irt to taor.lc on the k~udc~et nov~, <br />C~9r, Vo~o inc]ic~tec~ tha~ ~k~e State i~ pusk~i.ny larger 1ev~y <br />9.ncreases oz1 the ~SChool I~istricty iherefore, tkxey hr~.ve aske~l <br />tk~at ttxe cities li.mit their :i.ncreases 'co 3`-~,e <br />PIr, Voto stated ~hat 1_argest increlses in the ex~~eneliture~s <br />are due to C,enexal C;overnment and 1~uuli.c >afeLy (~>olice and <br />Fa.re ~~rotection) , PIr, E~ a11ey sczted tkzat i.£ we ~alte a t>-"I ~ <br />incr<~az-;e ttsete, it t~roulcl de:Eani.tely have 1 nec~atave aaa`_ec~: <br />on the Ci.ty's k>udgei:, <br />~Ir, Vot_o reported that t~x co7.7.ecti.ons hav~ :oee:n aver~cJi.A~g <br />about ~S-a the l~st seve'r~l yrars. <br />iSr. Voto repor'cecl tYiat the rate For special assesurnents <br />receivak>le h~s dro~;qed ~o ~3,~3° iz~ l~£3£; and ;_e1t th~t tkiis <br />shoutd be rnonatorec! to >ce vaho is res~;>on~silale f:or Lkie <br />c~elinRuencies, A7r, Voto a.nc9i.cated that the CiL~ can or>tain <br />a l.is~ o~`_ delizzqueni tz~xes frorn the County, and i.:E tkxere are <br />a.,<~jor. develo~ers on ~he lista tki~ Ci.ty may ~~an~ to l;noc-r <br />~h_is, C2r, Voto stated thac tYi~ de11y in payment r,ould ja~t <br />be a one ysar elelay, and the City ~aoula then see the rnoney <br />in 1!~G9, <br />Plr. Vo~o r~~>or.ted ttaat txie Genc~r~l Ptand b~lance ~~Tet~t clo~an by <br />S2o7-00. P1r. Voco indicated tk7at ~L-he on~rat.i.ng ~razzsLer.s in <br />the General F'und ~~~ere ~ resulL- of construction nrojec~s i:ha'c <br />~~ere <~oizig no ral.acey buU tlze Ci_ty i.ncur.rec' u;piront r.osLsy <br />Lherefore, payxnenc comes f_corn 4kie General. Fun~l, <br />Mr_, Voto reported 'chat the b7ater F'und laas produced I~~si.calJ.~ <br />,>ro; if: ~ or_ J.9£;3 anci Sewer 7'und has producec~ a large proCit <br />in 1~8~ versus the loss in 1J~7. T~ir, Voto inc~icatecl tlza~~ <br />the L~ake Ovc:~rflow dtopued c~u~,iazg tl,~ F~rofit, <br />Pag e !!: <br />