11-02-1992 WS - Laserfiche WebLink

Home Browse Search

• Several personnel service accounts were adjusted to reflect recent position reclassification of the Planner, and Public Works Foreman. • Staff is proposing cancellation of the janitorial services contract and the hiring of a part-time employee to perform janitorial duties. This would result in a savings of $3,859. • In addition staff was "fine tuning" the budget estimates of several supplies accounts. All changes are listed on the above referenced attachment. A revised estimate of 1993 General Fund Revenues has been prepared and is attached for your consideration. This estimate was prepared with the following assumptions: • The 1993 property tax rate would be the same as the 1992 rate. This would result in no property tax increases to the taxpayer in 1993 for the City ' s portion of the property tax bill. • A portion of the franchise fee would be used to make estimated 1993 General Fund Revenues equal to Proposed 1993 General Fund Expenditures. Council has other options and the revenue estimate could be changed. Those options include: • A small property tax increase, or • A property tax decrease (franchise fees would be used to "buy down" taxes). A combination of $153,286 of property taxes and/or franchise fees is needed to balance the budget. That amount is the $154, 561 needed from the 3rd draft of the Budget less r-edactions—of—expenditures—o-f—$1 ,275—from the 4th draft—of the Budget. Staff would greatly appreciate Council direction on the matter. Per Council direction staff is preparing a budget video. Staff 's goal is to complete the video as soon as possible so that it can be run on cable tv for a couple of weeks prior to the budget hearing on December 9, 1992. Staff also needs the budget finalized in order to prepare a copy for public inspection prior to the hearing and also to prepare transparencies for the Budget Hearing.