05/13/98 - Laserfiche WebLink

Home Browse Search

Session 1723, Budget Study Minutes May 13, ~ 998 39.00 GRANT FUNDS: Mr. Ollendorff said that they were now putting grants into the appropriate budgets, instead of keeping them separate. The law requires that they keep the Undercover Drug account separate. The total should be $7,619. 60.00 SUNDRY AND CONTINGENCIES; The Debt Repayment Principal and Interest is for the bond issue from 1994. We canceled the property tax to pay that debt and said it would be paid out of the general fund. Explaining the Contingent Appropriation, Mr. Ollendorff said that they like to have at least a month's worth of cash, which would be about $300,000. The City has $400,000. The adjustments that have been mentioned as we have gone through the budget, plus the UCRS increase, will make this figure about $350,000. Mr. Ollendorff asked about Council travel. It was the sense of Council to add another $5,000 to the Council travel budget for a total of $15,000. This will decrease the contingency account to $345,000. Secondly, he asked if Council would like to have new chairs for chambers. Council definitely wants new chairs for chambers. Mr. Ollendorff will figure nine new chairs for chambers which will include the City Clerk and City Manager, for about $4,500, which will bring the contingency fund down to $340,500. Mayor Adams asked that $5,000 be given to the Arts in Transit people for a study on the Delmar Loop Trolley. This will take contingency down to $335,500.00. MISCELLANEOUS: Responding to Mr. Lieberman, Mr. Ollendorff said that the garage debt service fund is in a separate fund. Mr. Schoomer asked for a report on multi-family recycling at Parkview Height. Responding to Mr. Munkel, Mr. Ollendorff said that we maintain two Senior Service buses, and do not maintain school vehicles. ADJOURNMENT Mayor Adams said the budget would be scheduled for approval at the June 8, 1998 regular Council meeting. The m~ ee~ng adjourned at 9:, 12 p.m. ha K. Meine, City Clerk