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P4 <br />COUNCIL MINUTES December 12, 2011 <br />DRAFT <br />46 <br />47 November 28, 2011 City Council Meeting Minutes Approved <br />48 <br />49 November 28, 2011 Closed Council Meeting Minutes Approved <br />50 <br />51 December 5, 2011 Work Session Minutes Approved <br />52 <br />53 Application of Centennial Middle School PTA for <br />54 Excluded Bingo Permit Approved <br />55 <br />56 FINANCE DEPARTMENT REPORT, AL ROLEK <br />57 <br />58 2A) Public Hearing on 2011/2012 Property Tax Levy and 2012 Budget — Finance Director Rolek <br />59 reviewed the proposed 2012 General Fund Revenue and Expenditures and also gave a PowerPoint <br />60 presentation outlining the entire proposed budget and tax levy (on file). <br />61 <br />62 The Mayor opened the public hearing. There being no one present wishing to speak, the public <br />63 hearing was closed at 6:52 p.m. <br />64 <br />65 i. Resolution No. 11 -123, Adopting the Final 2011 Tax Levy Collectible in 2012. <br />66 <br />67 Council Member Gallup moved to approve Resolution No. 11 -123 as presented. Council Member <br />68 Roeser seconded the motion. Motion carried on a unanimous voice vote. <br />69 <br />70 ii. Resolution No. 11 -124, Adopting the Final 2012 General Operating Budget. <br />71 <br />72 Council Member O'Donnell moved to approve Resolution No. 11 -124 as presented. Council <br />73 Member Roeser seconded the motion. Motion carried on a unanimous voice vote. <br />74 <br />75 iii. Resolution No. 11 -125, Adopting the 2012 Water and Sewer Operating Budgets. <br />76 <br />77 Council Member Roeser moved to approve Resolution No. 11 -125 as presented. Council Member <br />78 Gallup seconded the motion. Motion carried on a unanimous voice vote. <br />79 <br />80 vi. Resolution No. 11 -126, Adopting the 2011 Recreation Fund. <br />81 <br />82 Council Member Rafferty moved to approve Resolution No. 11 -126 as presented. Council Member <br />83 Roeser seconded the motion. Motion carried on a unanimous voice vote. <br />84 <br />85 2B) Resolution No. 11 -127, Committing Specific Revenue Sources in Special Revenue Funds - <br />86 Finance Director Rolek noted that at the last meeting, the council adopted policy language relating to <br />87 GASB Statement #54 categorizing the city's fund balances. A portion of that policy calls for the <br />88 council to commit certain revenue sources towards a special purpose and this resolution commits the <br />89 recreation program fees toward that fund source in line with the policy. <br />90 <br />2 <br />