Laserfiche WebLink
<br />Adopt a resolution establishing the appropriations limit for FY 2008/09. <br /> <br />RESOLUTION No. 14873 ESTABLISHING APPROPRIATIONS LIMIT FOR <br />FISCAL YEAR 200S/09 <br /> <br />6.3 Section -Claims and Warrants <br /> <br />A. Approve warrants dated through June 16, 2008 and usual and necessary payments <br />through June 23, 2008. <br /> <br />MQ-OS-117 <br /> <br />Mayor Foust read the items that were approved via the Consent Calendar <br />AAA~AAAAAAA~AAAAAAAkAA~AAAAAAAAAAAAAAA~AAA~AAAAAAAAAAA~A~A~AAAAAAA~AA~AAA~AAAkA~AAAAAAAAAA~AAAAkAAA*~AA <br /> <br />7. STUDY SESSION <br /> <br />A. Fiscal year 2008/2009 Budget Study Sessions. <br /> <br />City Manager, Peter Ingram, gave a statement of purpose for the recommended budgets for <br />2008-09. He stated there were initiatives and new programs in the budget with no program <br />cutbacks. He noted the healthy reserve account which has added back and/or <br />complemented service areas and activities in the community. He reviewed the budget <br />agenda. <br /> <br />Brian Ponty, Finance Director, (presentation on file) spoke to the General Fund revenue <br />projections. He gave an overview of sales tax breakdowns. <br /> <br />Mayor Foust asked what effects the proposed ballot initiative, if passed, would have on the <br />future budget and future elections. City Attorney Yamamoto stated that if the first election <br />were held in November of '08 it would be combined with the statewide election at a cost of <br />$40,000 to $45,000. However, any future elections not combined with a statewide process <br />would cost from $214,000 to $245,000 by the best guess estimates. The City Manager <br />stated these figures are not reflected in the upcoming budget. <br /> <br />Finance Director Ponty continued with budget projections for reserves and deficits. Council <br />members asked for more details on property taxes and the Finance Director fleshed out <br />those projections with the real drivers being property and sales taxes. Council asked for <br />more information on cost allocations and the Finance Director went over in more detail the <br />one-time cost areas. He also gave an overview of his budget concerns. <br /> <br />Council asked for information on healthcare costs and a Bob Bell, Human Resources <br />Director, stated they were looking at resources in the area of retiree medical. He stated <br />they are ramping up the wellness program and looking at carrier negotiations for cost <br />containment in the area of existing employees. <br /> <br />Council asked for the estimated losses due to Costco closing down and were told by the <br />City Manager that the loss was estimated at $150,000 for '07-'08, and for the current <br />budget year, since they were closing down and reopening, there would be a $180,000 net <br /> <br />SPECIAL JOINT CITY COUNCIU <br />COMMUNITY FACILITIES DISTRICT BOARD MEETING MINUTES <br /> <br />JUNE 16, 2008 <br />PAGE 4 <br />