1982-05-03 - Laserfiche WebLink

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SESSION 1304 MINUTES OF THE UNIVERSITY CITY COUNCIL May 3, 1982 At a special budget study meeting of the City Council of University City, held in the Emergency Operations Center of City Hall on Monday, May 3, 1982, Mayor Joseph W. Mooney presided and called the meeting to order at 7:40 p.m. In addition to the Mayor, the following members of the Council were present: Mr. Lawrence Lieberman Mr. Joseph L. Adams, Jr. Mrs. Cynthia Metcalfe Mr. Marvin B. Levy* Mr. Paul E. Schoomer Mrs. Betty L. Thompson *Mr. Levy arrived at 7:45 p.m. Also present were City Manager Frank Ollendorff and Director of Finance Michael T. McPhail. The public was invited to attend as observers. The budget was the only subject dis- cussed. REVENUE - EXHIBIT C Mr. Ollendorff said the fund balance was well below what it should be at this time. As the Council examines the budget at the budget study meetings, he said the admin- istration will point out where further changes or reductions can be made in nearly every department. He noted that the proposed budget represented the least expensive way of continuing to do all of the things which have been done in the recent past. Since the budget is formulated so early in the year, it was found that some of the revenue projections will be different than first thought. He pointed out that the balancing of this budget, if no changes are made, would require the use of about $500,000 of the fund balance, which is already smaller than it should be. He stated that the administration would continue to try to effect economies throughout the year, even after the Council has approved the budget. He noted there were four cop- ies of the budget in the library for citizen use, and any group wishing to study the budget may get a copy from the Finance Department. General Property Taxes (page B-7). In response to Mayor Mooney's question about a 12% increase in property tax revenue, Mr. Ollendorff said it was his recommendation that the property tax be increased to $1.00, the legal limit ($0.90 would go to the general operating fund, and $0.10 would go to the debt and capital portion of the general fund). Mr. Ollendorff called attention to page A-3, where the breakdown of the property tax rate was shown. In addition to the general fund amount ($1.00), $0.34 is allocated for uniformed employees retirement fund, $0.40 for the library, and $0.43 for the debt service fund. This is a total of $2.17. Licenses. The total for 1982-83 is expected to be just slightly higher than for 1981-82. Mr. Ollendorff said it had been verified that virtually all businesses in University City have purchased business licenses. He said this was not the case