Laserfiche WebLink
MINUTES <br />CITY COUNCIL <br />OCTOBER 12, 1994 <br />surprises when major replacements or repairs are <br />needed. <br />The Administrator reported that he would have a very <br />detailed debt service study ready for the Council to <br />review at the next budget workshop meeting. The study <br />has been completed and the City Auditors are currently <br />reviewing it. <br />The Administrator reviewed <br />pointing out that expenses <br />incoming franchise fees. <br />the proposed Cable TV budget <br />in this area are covered by <br />Morelan noted the deficit position of this budget in <br />some of the previous years. <br />The Administrator reported that the budget has been <br />self-sustaining. However, because of accounting <br />techniques and when we accrue revenues, it may show a <br />deficit position in some years. The yearly deficits <br />must cease or the fund's health will be in jeopardy. <br />There were no other questions on the portions of the <br />proposed 1995 Budget reviewed this evening. <br />The City Administrator recommended that the Budget <br />workshop be continued to a future date. At that <br />workshop, Capital Improvement requests, General Fund <br />items, Parks & Recreation Special Fund, the 10% Fund, <br />and miscellaneous operating funds will be discussed. <br />It was the consensus of the Council to continue the <br />workshop to 6:00 P.M., November 9, 1994. <br />There being no further business, the workshop was <br />r.~nti nued. <br />Attest: <br />11 <br />