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MINUTES OF UNIVERSITY CITY COUNCIL <br />STUDY SESSION <br />May 12, 2008 <br />The Council Study Session, held in the Chambers of the City Hall, on Monday, May 12, <br />2008, was called to order by Mayor Adams at 5:30 p.m. In addition to Mayor Adams, the <br />following members of the Council were present: <br />Mr. Arthur Sharpe, Jr. <br />Mr. Terry Crow <br />Ms. Lynn Ricci <br /> Mr. ByronPrice <br />Mr. Michael Glickert and Mr. Wagner were excused. <br />Also present were the Finance Director/Deputy City Manager Janet Watson, and the City <br />Attorney John Mulligan. <br />The Study Session was the first of two Fiscal Year 2008 – 2009 Budget draft. Janet <br />Watson reviewed the proposed Fund summaries of Revenue of all funds, Expenditure of <br />all funds, Revenue and Expenditures by Type of all funds, Combined Statement of <br />Budgeted Revenues, Expenditures, and Changes in Fund Balance (Governmental Funds). <br />Under the Revenue of all funds, Ms. Watson stated: <br /> the Solid Waste Fund had been divided into four sections: Administration, Operations <br />(collection service), Leaf Collection and Grants, <br /> the Olive Boulevard East TIF Fund had expired in the 07–08 Fiscal Year, <br /> the projected amount the Economic Development Sales Tax Fund increase of one- <br />fourth cents would generate, <br /> the funding CALOP Commission would receive from Charter and ATT cable, <br /> the projected amount the Sewer Lateral Repair Fund would generate at $50 per <br />resident. <br />The Council reviewed the Summary of Expenditures by Type of all funds, which included, <br />Personal Services, Contractual Services, Commodities, Capital Outlay and Other. The <br />projected expenditures of all funds showed approximately a ten percent increase from FY <br />2008. <br />Ms. Watson reviewed the proposed summary of Revenue and Expenditures General Fund <br />stating the expectation for Property Taxes to increase by 1.6% and Sales and Use Tax to <br />increase by .8%. She explained that all utility taxes are recorded under the Gross <br />Receipts Tax. Council asked Ms. Watson to check the number listed under line item <br />610.13 Personal Property – Delinquent, FY 2007 Actual for number accuracy. Under the <br />Gross Receipts Tax, Ms. Watson said the projected number reflected the new telephone <br />tax to be received. A question was asked about the progress of the Transfer Station <br />partnership with Fred Weber. It was stated that this was moving very slowly. The Ruth <br />Park Golf Course was projected to increase approximately seven percent in revenue for <br />FY 09 with the addition of the Learning Center.With the addition of meter officers and <br /> <br />