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overview of the income statement and stated that the total <br /> operating expenses are grouped into two major categories, <br /> operations and administration. The budget includes a combined <br /> total of $2.6M in operating expenses, which is an increase of <br /> approximately $400,000.00. This increase includes the impact of <br /> continued escalation of the cost of utilities, marketing, insurance <br /> and security. <br /> <br /> Council questions pertained to clarification of marketing costs, the <br /> subvention amount, possible revenue growth expectations, and any <br /> possible discussion of a hotel type of development in the area. <br /> Concern about the overall debt amount was stated and a request <br /> for a detailed report was made. <br /> <br /> 5. REDEVELOPMENT AGENCY - Planning and Redevelopment Director <br /> Church stated that the budget consists of three basic elements: the review of <br /> the 2001/02 fiscal year, the proposed expenditures for 2002/03, and proposed <br /> indebtedness. <br /> <br /> 6. GENERAL COMMENTS AND QUESTIONS ON THE ENTERPRISE FUNDS <br /> AND REDEVELOPMENT AGENCY RECOMMENDED BUDGETS - <br /> <br /> Council questions ensued regarding increased staffing costs applied to the <br /> Redevelopment Budget rather than the general fund. <br /> <br /> 7. SUMMARY OF FOLLOW-UP ITEMS - City Manager Everett stated that an <br /> ordinance would be brought to Council at a later date regarding parking fines <br /> and issues raised by the Downtown memhants will be addressed at that time. <br /> Options and alternatives will also be presented for adding $30,000.00 to the <br /> Civic Cultural Commission. A study will be conducted and data returned <br /> regarding audible traffic signals and any grant possibilities. <br /> <br /> On August 5, the budget ordinance will be before Council for consideration, <br /> and after the State balances its budget, it may be necessary for the City to <br /> amend the current budget at a later date. <br /> <br /> 8. MATTERS OF COUNCIL INTEREST <br /> <br /> Mayor Claire stated that Council has received a copy of a request for a <br /> response from the Grand Jury on the Port of Redwood City findings. It is <br /> anticipated that the response will be ready for the August 5 Council meeting <br /> agenda. <br /> <br /> 8, ADJOURNMENT- 9:38 p.m. <br /> <br /> M/S Ira/Ruskin to adjourn to the Closed Session. The motion passed by a <br /> unanimous voice vote by those present. <br /> <br />, STUDY SESS(ON JULY 29, 2002 <br /> MINUTES PAGE 4 <br /> <br /> <br />