AgdaPkt 2005-07-11 - Laserfiche WebLink

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approximately $14.4M in reserves which is right at the upper end preferred target. This assumes very healthy use of reserves, financing projected deficits using reserves to finance 67% of the deficit in 06/07 and 50% in 07/08. Council comments and questions included a request to provide a projection using 75% from reserves in 06/07 and 67% in 07/08. An explanation was requested for the difference between sales and property tax. III. A. Recommended FY 2005/06 Budget - Assistant to the City Manager Gonzalez explained the recommended budget. I. Recommended expenditures/reductions Council asked various questions related to the Human Resources Department and the PRCS Kids Club close out; and inspections for potential tree removal through PWS. Further questions were asked regarding transfer of a small percentage of positions to non General Funds. Questions about code enforcement, library reductions and impacts were asked. The question of impacts on moving of funds from one account to a more appropriate account was posed. Explanations of the Hoover field rentals and Sandpiper School rent increase proposals were requested. Police Chief Bolanos was asked to explain the reductions in the Police Department. II. Recommended revenue increases Council asked questions regarding increase to hourly charges and commended departments that had secured new revenues. B. FY 2005/06 Options Council discussion ensued regarding further reductions if choosing to add back in another area such as the traffic program. C. Council Questions Council asked that on a regular basis potential fee increases be studied and implemented. SPECIAL MEETING MINUTES CITY COUNCIL JUNE 20, 2005 PAGE 6