Laserfiche WebLink
<br /> <br />Mr. Walker stated that in terms of the propose budget estimates they were <br />anticipating the revenues to exceed the expenditure with an anticipated surplus in <br />the range of approximately $300,000. <br /> <br />Mr. Walker reviewed the graph which provided the history of the general fund <br />revenues, which continue to be flat. He noted that the spike seen in 2008 was a <br />result of a settlement received with the telecommunication companies. Mr. Walker <br />stated that they have to achieve what efficiencies they could from a management <br />point of view by reducing various layers of management throughout the City and <br />consolidating City departments. <br /> <br />Mr. Walker spoke on the history of the largest General Fund revenue categories: <br />sales tax, gross receipts, property tax and intergovernmental tax, which are the basis <br />for the ability to fund the various programs and services that University City provides <br />to its residents. <br /> <br />Mr. Walker explained the expenditure break-out showing that 47% of the budget was <br />spent on police and fire and the rest was divided among Community Development, <br />Public Works, general operations and capital outlay. <br /> <br />Mr. Walker said the planned capital improvement projects for the next fiscal year <br />were identified in the budget document which can be modified by City Council if <br />desired. <br /> <br />Mr. Glickert thanked Mr. Walker and his staff for putting the information together and <br />presenting the draft budget to Council earlier in the year so Coucil has the time to <br />make modifications. He also asked what were the consequences and an <br />approximation, dollar wise, with moving away from the sales tax received as a pool- <br />city. <br /> <br />Mr. Walker stated that the loss in revenue would be in the range of around two <br />million dollars a year. <br /> <br />Mayor Welsch noted that they have been told that so far there have been no bills <br />related to the point-of-sale/pool-cities tax introduced in Jefferson City since the <br />redistricting. <br /> <br />L. COUNCIL REPORTS/BUSINESS <br />1. Boards and Commissions Appointments Needed <br /> Mayor Welsch mentioned the appointments that were outstanding. <br /> <br />2. Council Liaison Reports on Boards and Commissions <br /> None <br /> <br />3. Boards, Commissions and Task Force Minutes <br /> Mayor Welsch stated that City Council did not receive copies of the Board and <br />Commission minutes in their packets, but they should receive them next time. She <br />4 <br /> <br /> <br />