11-12-2014 Council Budget Workshop Minutes

Home Browse Search

MINUTES CITY COUNCIL NOVEMBER 12, 2014 The Administrator reviewed the Water & Sewer Capital Replacement Fund noting that there have been some large expenses paid for from this Fund, i.e. debt service on the Public Works -Parks Project, water tower repainting, and water meter replacement program. The Administrator indicated that this fund is funded by depreciation on the water and sewer enterprise funds. The Administrator indicated that the Fund is healthy and noted that there are 110 major expenditures planned in the near future. The Council then discussed it goal of reducing the gross levy from the 3.5% certified as part of the preliminary 2015 Budget. The Administrator noted that it will take a $10,000 reduction in expenses to achieve the 3.5%. A 3.0 % increase will require $23,500. The Administrator stated that City staff is pursuing some additional ideas for cuts. He also noted that one possibility is the use of reserves to buy down the levy for 2015. The Administrator noted that there may be possible budget decreases pending for the 2016 Budget, so the use of reserves for a buy -down in 2015 will not be problematic. Montour noted that the Council's goal has been to eliminate peaks and valleys in levy increases. He also pointed out that the final 2015 Budget will be acted on at the December 15"' Council meeting. The Administrator did not anticipate the need for any additional Budget workshop meetings. He also reported that he would present proposed 2015 salary information to the Council for their review. The Administrator again indicated that City staff will continue to work on the preliminary 2015 Budget to try to identify additional expense reductions and/or revenue increases. ADJOURN There being no further business, the meetint was adjourned at 6:28 p.m. J Monto Acting Mayor Attes % 2 / L j Joe anson, City Administrator 4