11-08-89 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL November 8, 1989 approximately $57,000 due to the State's recomputation of the growth adjustment factor. The Auditor then reviewed Exhibit A of his report which gives a General Fund Budget overview. The Auditor pointed out that the City cannot levy for the $57,000 decrease, and outlined the City's options as listed in his letter. Blesener pointed out that one of the options is to eliminate the City's contingency fund. Blesener suggested that based on past history, he felt the contingency fund could be decreased to $25,000, and suggested that the logical place to pick up the remaining $25,000 was from park development funds. Scalze pointed out that much of the money budgeted under park development is matching grants, pointing out that only the money budgeted for backstops in Pioneer Park is not. Blesener suggested that since it is likely that Pioneer Park will not be usable in 1990, improvement of backstops could be postponed until 1991. Scalze replied that construction of the recreation building is planned during 1990, and it was thought to have backstops installed at the same time by the same contractor to avoid additional disruption at the park. Fahey pointed out that it wasn't many years ago that the City did not have a contingency fund, and stated that he was not uncomfortable eliminating it. Fahey pointed out that if an emergency arises, the money budgeted for the backstops and warming house would be a further contingency. The Auditor suggested that if the $50,000 contingency fund is eliminated, the additional deficiency could be made-up by increasing portions of the revenue budget which were underestimated. Mr. Blesener introduced the following resolution and moved its adoption: RESOLUTION N0. 89-11-545 - ELIMINATING TAE CONTINGENCY PORTION OF THE 1990 BUDGET IN THE AMOUNT OF $50,000 Page 4