02-23-94 Council Workshop Minutes

Home Browse Search

MINUTES CITY COUNCIL FEBRIIARY 23, 1993 gambling. The Administrator replied that the total $66,516 under Revenue Fund 412 for 1993 included proceeds from the sale of an old truck as well as repayment to the City for funds expended for the purchase of the new truck. The Administrator reported that he expected another payment from the Fire Department for repayment for the new truck loan very soon. The Administrator reported that the total repayment that was due from the Fire Department amounted to $125,000 and the Fire Department still had a balance of $70,350 due. The City has been informed that full repayment is expected to be made by the end of 1994. Scalze asked if the intention was to order a new truck when the City is short money toward the purchase. The Administrator replied that this is a decision that the City Council will have to make. Scalze felt that the City needed to come up with another income stream as a back-up to charitable gambling dollars. Morelan agreed that while charitable gambling dollars are "iffy", other revenue sources were as well to a degree. The Administrator pointed out that the 1993 General Fund Transfer of $189,421 was in hand, however, the $15,000 budgeted for 1994 was just an estimate at this point. Scalze felt that the revenues should be in hand before the City makes any purchases. The Administrator stated that he was confident of the revenues listed in the budget document pointinq out the City's track record of budgeting revenues on the conservative side. However, if the City is relying on the $125,000 repayed in full as a source of funding, the concern is a good one. Scalze commented that the repayment from the Fire Department is a major source of funding identified for the purchase of a new fire truck at this point. Scalze pointed out that the City has never proceeded with a purchase relying on charitable gambling dollars to fund that purchase without first having the funds in hand. 3