05/09/05 Budget Study - Laserfiche WebLink

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Budget Study Session May 9, 2005 publication, which circulates six to eight times a year, and offers more opportunity to reach the community. She offered some additional suggestions about production, costs, and circulations issues. Ms. Brot asked about 732.22 and signs reading ‘Welcome to University City” and she was advised one was installed on North and South. Mr. Ollendorff suggested that the Council “carry through on Shelley’s suggestion” and hold a study session to review the publications, Ms. Welsch said she thought Mr. Ollendorff had previously provided the Council with a cost breakdown. Mayor Adams said the meeting had run out of time. Councilmember Comments: Richard Dockett, 6844 Crest Avenue, came to ask for money to implement the Northeast plan and enhanced lighting in the area, especially at the Wellston Metro Station. Also, he commented about the Economic Development Plan, recently released, and encouraged the City to support the North East Area Plan. Terry White, 6924 Bartmer, expressed her concern about the height of grass behind the houses where she lives. She also mentioned indiscriminate dumping of trash and calls to the Police regarding problems caused by neighborhood children. She would think the high taxes should take care of these problems. Edward J. McCarthy, 7101 Princeton, asked Mr. Norfleet what the fund balance would be as of June 30, 2005, and Mr. Norfleet said he did not know exactly, perhaps a little over $4 million dollars. He then noted a difference between funds allocated for the library and a $75 thousand dollar difference between the allocation and what was spent. He asked Mr. Norfleet how he would cover the difference, and Mr. Ollendorff said the Library is a self-sufficient fund. Mr. Sharpe questioned Mr. McCarthy’s question so he could take it to the Library Board meeting. Mr. Ollendorff said expenditures were greater than money budgeted. He asked how the difference would be covered. Next, Mr. McCarthy asked about the general fund of $38 million dollars in revenue, balanced in $38 million dollars in expenditures, but asked about the retirement fund. When that is removed from the general fund, it leaves a $1 million dollar deficit. How will that be handled? Mr. Ollendorff said all the funds cannot be added together; each fund must be balanced in and of itself. If all the funds add up to $38 million in revenue and $38 million in expenditures, that is pure coincidence, Mr. Ollendorff said. Ms. Welsch said she would like some more explanation about the funds and how they balance. Mr. Ollendorff reiterated that the funds cannot be added together. All the future liabilities must be addressed. Ms. Welsch said they wanted to make sure that the General Fund balances and the City Manager said that it did. Ms. Brot questioned the figures. Mr. Ollendorff provided some specific examples of budgeting for previous years. This year’s current revenue is the same as current expense. Page 10