Laserfiche WebLink
C. Annual Appropriations Limit for FY 2008/09. <br /> Recommendation: <br /> Adopt a resolution establishing the appropriations limit for FY 2008/09. (501) <br /> RESOLUTION No. 14873 ESTABLISHING APPROPRIATIONS LIMIT FOR <br /> FISCAL YEAR 2008/09 <br /> 6.3 Section —Claims and Warrants <br /> A. Approve warrants dated through June 16, 2008 and usual and necessary payments <br /> through June 23, 2008. (303) Minute Order 08-117 <br /> Mayor Foust read the items that were approved via the Consent Calendar <br /> RY[*rt1RM'kW fY[Y[YeYeR!*�+t+Irifi#*f***4RR!!!!!�!*4!tltk�tR!/*1t1t1t4*RA*4*}}ffYtYtR'kf/!/YtRYt'kYt�kRYeRk!****!44#4*fff#**#*4* <br /> 7. STUDY SESSION <br /> A. Fiscal year 2008/2009 Budget Study Sessions. <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 /> Brian Ponty, Finance pirector, (presentation on file) spoke to the General Fund revenue <br /> projections. He gave an overview of sales tax breakdowns. <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 /> 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 /> 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 /> SPECIAL JOINT CITY COUNCIU JUNE 16, 2008 <br /> COMMUNITY FACILITIES DISTRICT BOARD MEETING MINUTES PAGE 4 <br /> MINUTE BOOK NO. 62 <br /> Page No. 123 <br />