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has generated a fairly significant reserve and Council will be conducting <br />further discussions on whether some of this money should be allocated to <br />address the City’s aging infrastructure. Mr. Walker stated that the City also <br />needs to address the Americans with Disability’s Act compliance for <br />sidewalks and curbs, and the City’s tree cover with respect to forestry. He <br />stated that all of those things require staff and money to be allocated in <br />order to ensure that the City continues to look as good as it does. <br />4.Point of Sale vs. Pool City <br /> <br />Mr. Walker stated that there are certain west county municipalities who <br />have proposals to make University City a point of sale rather than a pool <br />city. <br /> He stated that as a pool city the revenue for St. Louis County is <br />generated and divided on the basis of population. However if University City <br />were to be designated as point of sale, monies would no longer be <br />redistributed like they are now. He stated that preliminary projections <br />suggest that the City would lose two million dollars in revenue should that <br />occur. Mr. Walker stated that staff is working with other municipalities who <br />would also be negatively impacted to ensure that this does not happen. <br /> <br />GENERAL FUND <br />Budget Estimates <br />Mr. Walker stated that the proposed budget for the general fund represents <br />a modest surplus with respect to revenues and expenditures. Staff is <br />anticipating revenues in excess of 26 million dollars and expenditures in <br />excess of 26 million dollars. He stated the City is anticipating surplus of <br />$60,000, with the increases: the cost of living adjustment, medical <br />insurance and other benefits for city staff members. <br /> Mr. Walker stated that with the exception of 2008 the City’s revenue has <br />fluctuated up and down. The 2008 spike in revenue was a result of the <br />telecommunication settlement, but since that time revenue has remained <br />relatively flat. <br />Largest General Fund Categories <br />Sales Tax <br />Property Tax <br />Gross Receipts <br />Inter-governmental transfers <br /> <br />Mr. Walker stated that for the most part the City’s sales tax and gross <br />receipts have remained fairly flat. Property taxes have declined. <br /> <br />General Fund Expenditures <br />30 percent goes to the Police Department <br />17 percent goes to the Fire Department <br />18 percent goes to Public works and parks <br />15 percent goes to community development/recreation <br />15 percent goes to general operations <br />5 percent goes to Capital outlay <br /> <br /> <br /> <br /> <br />