2009-04-20 City Council Study Session

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MINUTES OF UNIVERSITY CITY COUNCIL STUDY SESSION April 20, 2009 The Council Study Session, held on the Fifth Floor of the City Hall, on Monday, April 20, 2009, was called to order by Mayor Adams at 5:30 p.m. In addition to Mayor Adams, the following members of the Council were present: Mr. Michael Glickert Mr. Arthur Sharpe, Jr. Mr. Terry Crow Mr. Robert Wagner Ms. Lynn Ricci Mr. Byron Price Also present were the City Manager Julie Feier, Deputy City Manger Janet Watson and City Attorney John Mulligan. The study session was to inform Council of the revenue projections for Fiscal Year 2010. Revenue projections were changed from original projection due to:  Fall in natural gas rates by 25% $410,000 reduction  Increase in electricity rates by 8%  Reduction of sales tax by another $80,000  Reduction in membership & program revenue at Centennial Commons by $50,000  Increase pension contribution by $15,000 $495,000  Increase election cost by $40,000  Error in fire personnel budget, $310,000 Changes also made to the original projection sheet:  Grant revenues and expenditures were moved to a separate fund  Capital improvement was moved to a separate program in each department Health Insurance has had low to zero percent increase for the last couple of years. For Fiscal Year 2010, it will increase by 15% even with changes to co-pay, emergency room use and adding a deductible. The employees’ monthly portion of payment would also increase by 15%. Negotiation to form an insurance pool in SLAIT is being discussed. Electricity has also been increased for the next fiscal year by $55,000, of which $45,000 is attributed to street lighting. The FY 10 budget still includes the purchase of a new fire truck pumper for $500,000.