CC MIN 1972 - Laserfiche WebLink

Browse Search

22 of fully integrating operating and capital improvement programs of the City . Recommencement of process of long-term resource commitment to needed capital projects , and building new and existing non-property tax revenue sources was being proposed . Objectives included completion of certain portions of City ' s physical planning program , and initiation of administra- tive planning and team management on a long-term basis . Finally , it was felt the proposed budget represented a balanced program , while holding the ad valorem tax rate at a reasonable level . Under the heading of Revenues , City Manager explained certain changes in fund to reflect more accurately the proposed use of the fund . The Equip - ment Service Fund was discussed in some detail . Departments will budget funds to cover equipment rental charges which will be allocated to a fund for maintenance , operation and replacement costs , so that at the end of the life of a piece of equipment , the funds will be available to pay for replacement . Another advantage would be where some departments accumulate equipment over the years they would now be more aware if paying rent , and also , this proposal would also result in sharing equipment more effectively and obviate duplication of the same types of equipment in several departments . Council commended the City Manager on these proposals . The separate sources of revenue were reviewed . Increase in the City ' s net assessed valuation was estimated at 4 . 7% which , with proposed increase in the aggregate ad valorem tax rate of $ . 0237 was expected to produce net total increase in revenue of $125 , 390 from property tax far the fiscal year . City Manager advised that they had attempted to explain changes in income from Sales and Use Tax , anticipating additional revenue as a result of SB 325 which proposes application of sales tax to gasoline , to be separate and in addition to revenue from sales tax on gasoline which must be ear- marked for public transportation , and may be used for general purposes . Application has been made to Metropolitan Transportation Commission for support of the Municipal Transit System . It was noted that income revenue from Dumbarton Fire Prevention District was not induded in the proposed budget , since the contract will expire prior to start of the new fiscal year . It is proposed to increase the monthly sewer service charge from $1 . 85 to $2 . 60 per month , and this approximately 40% increase is to overcome deficit financing of operations in the next two years because of increase of costs , including increased chlorination at the existing treatment plant . Increase of 16 . 67% in the rate is necessary to meet these increased costs , and the remaining 23 . 33% would provide ability for the City to set aside $100 , 000 per year for the next five years for 5 -13 -72 Adj . Reg . Mtg . Budget