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112 Councilman Rosselli stated he acknowledged the Budget as submitted to be a. very con- servative one, but believed that a second look at the proposed revenues in the light of recent receipts might show a sufficient advance to make up about 3¢ on the tax rate. Mayor Herkner discussed commitments he believed the Council should honor as far as the use of sales tax goes and recommended staying with our present formula. He stated if we need an increase of approximately 8¢ on the tax rate to fund the proposed budget, it is because we are giving more services and costs have advanced. The City Manager agreed that if the Council contributes $62,500 from sales tax to the General Fund, an up-to-date review of our revenue estimates which were projected in March, might well provide the additional funds needed to bring the tax rate down to the 1966-67 figures. Councilman Petersen discussed the relationship of the assessed valuation to the tax dollar and stated that if we had realized the usual advance in assessed valuation the Budget would be balanced at this point. Councilman Henderson stated that in her opinion the capital program would not be devastated by the transfer of $62,500 to the General Fund. The motion to transfer $62,500 from sales tax to the General Fund and direct the City Manager to adjust the Budget downwards by approximately .0280 carried on roll call vote, Councilman Petersen and Mayor Herkner voting no, Councilman Bury being noted absent. (MINUTE ORDER #67-124) Mayor Herkner questioned the balances shown in the General Obligation Bond Funds and was assured by Staff that these sums are for bond interest and redemption only with the exception of the 1958-B Sewer Fund in which we still have some construction money. The Water Department Budget wa.s studied and accepted on motion of Councilman Rosselli, seconded by Councilman Keckley and carried. (MINUTE ORDER #67-123-J) The Sanitary Sewer Budget was accepted on motion of Councilman Granger, seconded by Councilman Keckley and carried. (MINUTE ORDER #67-123-K) Councilman Keckley moved to approve the Sewage Treatment Plant Budget, seconded by Councilman Rosselli and carried. (MINUTE ORDER #67-123-L) The Budget for the Parking District was approved on motion by Councilman Keckley, seconded by Councilman Petersen and carried. (MINUTE ORDER #67-123-M) The City Manager recommended that $2400 be allowed in the Marina Budget, to be funded by the Equipment Replacement Fund, for the purchase of a, one-half ton pick-up truck badly needed in this operation. Councilman Rosselli moved to accept the recommenda- tion of the City Manager and approve the Budget for the Municipal Marina., seconded by Councilman Granger and carried. (MINUTE ORDER #67-123-N) The meeting was adjourned on motion of Councilman Petersen, seconded by Councilman Keckley and carried. Meeting adjourned at 10:12 p.m. ,AA1 7 V HELEN C. MOORE, City Clerk