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MINUTES <br />CITY COUNCIL <br />DECEMBER 17, 1991 <br />pointed out that page 7 compares number of emergency <br />responses. Page 8 compares number of stations, fire <br />fighters and equipment. Page 9 contains information <br />about compensation for training and drills. The <br />average of all department is $12.30 per drill, with the <br />average of cities under 15,000 at $8.56 per drill. <br />Page 10 compares watches and emergency response <br />quotas. The average for cities under 15,000 is $6.34 <br />per hour, and $7.35 per call. The Little Canada Fire <br />Department is requesting a$7 per call rate for 1992. <br />Page il provides an overall ranking of fire <br />departments, and it was noted that Little Canada's <br />pension benefit of $40,000 after 20 years of service is <br />$10,027 above the average for cities with a population <br />under 15,000. On page 12 the average city contribution <br />to fire relief benefits is $8,702 for cities under <br />15,000. <br />The City Administrator continued his review pointing <br />out that page 14, which is taken from the City <br />Auditor's Management Report, outlines the City's <br />reserve balances from 1981 through projected balances <br />for 1991. Page 15 includes the reasons the City needs <br />to maintain reserves. The Administrator reported that <br />it was his opinion that use of reserves to fund <br />operating deficits was dangerous. The Administrator <br />noted that the City's bond rating was recently upgraded <br />to an A rating, which will result in interest savings <br />for the City. Part of the reason for the upgrade was <br />the reserve balances the City maintains and the fact <br />that the City has not funded deficits from reserves. <br />The Administrator felt that reserves should only be <br />used to fund special, one-time projects where there is <br />no other funding option available. <br />Fahey asked the current balance in the Park Development <br />Fund. <br />The Administrator reported that as of October 31st <br />there was a balance of $92,000 in the Park Acquisition <br />Fund. These balances are generated from building <br />permit fees. The Administrator was not sure what the <br />Park Development Fund balance was at this time, <br />pointing out that there are still outstanding contracts <br />that need to be paid from this fund. Balances for this <br />fund come from the 10% of charitable gambling monies <br />and other donations that are made to the City. The <br />Administrator reported that he would be meeting with <br />the Park Consultant to get a better handle on this fund <br />balance. <br />Page 16 outlines the benefits to the City in <br />Page 12 <br />