11-09-94 Council Workshop Minutes

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MINUTES CITY COUNCIL NOVEMBER 9, 1994 felt this gave the City a better overview for the long- term. Morelan pointed out the fund balances listed on page 7 of the document and suggested that if the money is there, why not spend it on the items that have been requested. Morelan questioned why the City would keep these balances on hand if the funding requests it has received are legitimate. The Administrator replied that the dollars would not just sit in the Fund, but would be prioritized out into the years when they become available. The Administrator agreed that last year's five year plan is now actually a 3 1/2 year plan. The Administrator reported that staff wanted to make sure the City Council was comfortable with the budget and how the process was working before allocating additional expenditures. He also pointed out some items may not yet be identified and those funds could address these unexpected needs. Morelan indicated that based on the unallocated column, the City will be approximately $2 million short in funding capital improvement items. Morelan felt the City will have to begin doing something differently in order to make certain the dollars are there to fund these requests. Scalze felt this meant there were $2 million dollars of wants in the unallocated column, and she indicated that she was not disturbed by this. Scalze felt that until the request is approved and the money spent, it was not a deficit. Morelan pointed out that the City is projecting its revenue stream out to 1999, and if all the items requested are funded, the City will be $1.7 million short. Scalze did not believe all the requests would be funded. If necessary, the City will go without these wants, and that is why they are in the unallocated column. Scalze did not believe the City should spend dollars just because it has a wish list in front of them. Hanson pointed out that the majority of the unallocated 3