2004-05-12 Budget Study - Laserfiche WebLink

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Session 1920 May 12, 2004 Phase Two. Mr. Wagner asked what their fund balance is, and Mr. Ollendorff said it is the $72,298, all they have. Then Mr. Wagner asked if all of their funds would be spent, and Mr. Ollendorff said the money is needed for Phase Two of the Olive Enhancement. Since it is spread over two years, all funds are not budgeted for this year. Next year there will be a problem, because the IDA will not have any money, unless they make some. LCRA does have some and the City will ask to use it next year. C-112 and C-113 - CALOP Councilmember Brot commented about budget appropriations for 2003 and 2005 and asked why there is a drastic decrease in amounts for 2004-2005. Does that signify a lessening in the number of projects funded, she asked. Mr. Ollendorff said that he assumed a build-up of funds from prior years, this year. It was also asked if CALOP planned to skip a grant cycle while they formulate strategic plans. Mr. Moton, the Assistant City Manager, reported a carry-over of unspent funds, and said that there is really only about $140,000 per year. Mr. Ollendorff said this year's figures, then, were inflated because of those funds and next year the amount would be as before. The aim of this year's budgeting is to set aside funds for next year's specific projects. If that money is not spent, it moves into next year's budget. Ms. Colquitt asked about 721.05 and why the amount was significantly lower, and was advised that the awards reception occurs only once every three years. Mr. Wagner said Charter Communications was in arrears by several months with their payments, and asked if that situation had changed. They recently sent a check for $40,000. Mr. Wagner asked why the City allows this; in view of the fact we hold a contract with them. Ms. Brungardt asked if the $1 subscription rate brought in more money than when it was a percentage. She was advised it is about the same. The final two budgets, for the Loop Special Business District and for the Parkview Gardens Special Business District, were submitted by boards of these respective organizations for approval by the City Council. The City asked the Loop Special Business District to cut their expenditures so they would not have to borrow from the City or to obtain advances, and Mr. Ollendorff said they have done that. The City Manager reported that the Olive organization requested a $6,700 contribution from the City to pay for their administrative expenses. The City cannot afford this amount, and it does not contribute to any other group in this way. The City can, however, cooperate with organizations by providing services, and they will provide clerical and administrative services for the Olive Business District for the next year. There will be hour's and dollars' worth of support, but no cash. The goal of this Page 9