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Seesice1 1617, M~ Page 4
<br />May 11, 1994
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<br />3900 Grant Funds (pa~e 0-67). Fur. Norfleet said the celly i~_ in this b.w~]et
<br />is part of a ~nnt ~ the City of St. Ecuis, %alich pays for a rental car
<br />and gas for a police offioer: the rest of the gk'nnt is in the police k~w%~et.
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<br />the indivio~ml ~d~31-h.~rfCS. He will send a list to Mr. Cotton.
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<br />6000 Surrky and ~a~irr~ncv (pa~e C-69). Mr. Olle_paorff said the $100,000
<br />shown here will be used and there will not be a cuntir~ency fund next year.
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<br />6011 Tz-ur~fers (pa~e C-71). Mr. Olleraorff refe~L~c] to page C-72, Transfer
<br />AR0k*opriatice for ~,Hding, ~ahich has _rece_~ived no funds for several y~avB.
<br />He said this accourrt should have $100,000 a year put into it. ~le other re-
<br />serve, Trmlsfer Fire and Ambulance Ec~,~[~.~lt, is about ~o years ($150,000)
<br />behind where it should be. It will be necessary to po~t~me purdmse of the
<br />fire pure[per for several years, but it is not a crisis situation.
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<br />Mr. Cott~ asked if the City has a reserve fund, and Mr. Ollendorff said the
<br />fund balance is $1.2 millice, although it should be about $1.5 million.
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<br />Ms. Tfu~bly circula~a a list of it~m~ in the General Fund Building T~rove-
<br />merit Fund. She noted they were prioritized A (to be dc~e ASAP--no more than
<br />2-3 years), B (3-5 yearB), or A/B (part Of pr~ect to be
<br />with ~j.~nn~ less urgent). ~he five year toga] is $455,000, or an average
<br />of $91,000 a year. Currently, $65,000 is pk-o~ceed for the 1994-95 ~]ding
<br />Fund, which results in a shortfall of $146,000 for "A" priority itens. She
<br />noted four options for m~king up the difference: 1) local use tax, if U. S.
<br />sup~e Court approves (~'cg'~sis for this appears aim); 2) po~t~cnlng p~
<br />jects, (undesirable and my not be possible in an energency); 3) transfer
<br />f~om other a~ (undesirable); and 4) lease purdlase (feasible but expen-
<br />sive because of the borrowing aspect). Mrs. ScNm~n asked why the A and A/B
<br />projects were not included in the b~nd issue. Mr. Olleraorff said nearly all
<br />the pr~ects listed were in the five-y~r capital improv~e~nt plan, with
<br />$325,000 ~ over five years or $65,000 a year. However, two additicPal
<br />needs have beccee urEjent~n Pool filters, and additional lighting in
<br />Parking Lot #4. Therefore, the city P~-~ $455,000 ins~a of $325,000, and
<br />most of it is n~a now. ~he City also has the o~tic~ of puttin~ increased
<br />ta~es on the ballot (pk~u~_rty tax, half-celt and quarter-cent sales taxes).
<br />Mr. 011errbrff asked the Co%mcil to study the list and a~cide if all the
<br />items should be ce the list, more added, or priorities changed.
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<br />O
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<br />An updated five year capi~-al ~mprov~ list was circula~a, again with all
<br />items prioritized A, B, or A/B. Ma. T~ly noted that sere of the costs had
<br />changed slightly since this was last ~{-~assed. Major ca~o~ries incl, w~a
<br />~, Public Works, Parks, City ~,Hdirr3s, Historic Civic Plaza, Fire, and
<br />Police. Items listed within the major categories and the cost and s~urces of
<br />fundin~ for each were d~-~m]ssed. These incl~K~e~_ the Bcmld Issue, Ckam.unity
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<br />ing l~x~nent Fund. Mr. 011eraorff said all the items cn the list are ful-
<br />ly ~ exEept for the shortfall in the pay-as-you-go ~,Hding T.meroveme~t
<br />Fund, which should be raised to $90,000 or $100,000 ff~a~ the cu~/lt $65,000.
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<br />Discussic~ then turned to the C~tinc/ency Fund ($100,000). Mr. Ollenc]orff
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