HomeMy WebLinkAboutMay 25, 2006r ~+ec
~L'FO~G ~~CITY OF ARCADIA
"~" •:`«, CITY COUNCIUREDEVELOPMENT AGENCY
,_ ,,,a' REGULAR MEETING
THURSDAY, MAY 25, 2006
AGENDA
7:00 p.m.
00
Location: City Council Chamber, 240 W. Huntington Drive
CALL TO ORDER
ROLL CALL OF CITY COUNCIUREDEVELOPMENT AGENCY MEMBERS:
Roger Chandler, MayodAgency Chair
Mickey Segal, Mayor Pro Tem/Agency Vice Chair
Peter Amundson, Council/Agency Member
Bob Harbicht, Council/Agency Member
John Wuo, Council/Agency Member
STUDY SESSION
a. FISCAL YEARS 2006 - 2008 BUDGET PRESENTATION AND ENSUING
DISCUSSION.
ADJOURNMENT
The next Regular Meeting of the City Council/Redevelopment Agency will be June 6, 2006 at
6:00 p.m. in the City Council Chamber Conference Room located at 240 West Huntington Drive,.
Arcadia.
48:0046
CITY COUNCIUREDEVELOPMENT AGENCY
SPECIAL MEETING MINUTES
THURSDAY, MAY 25, 2006
CALL TO ORDER
Mayor Roger Chandler called the meeting to order at 7:00 p.m.
ROLL CALL OF CITY COUNCIL/REDEVELOPMENT AGENCY MEMBERS:
PRESENT: Roger Chandler, Mayor/Agency Chair
Mickey Segal, Mayor Pro Tem/Agency Vice Chair
Peter Amundson, Council/Agency Member
Bob Harbicht, Council/Agency Member
John Wuo, Council/Agency Member
ABSENT: None
PUBLIC COMMENTS
None.
STUDY SESSION
a. FISCAL YEARS 2006 - 2008 BUDGET PRESENTATION AND ENSUING
DISCUSSION.
Bill Kelly, City Manager, and Tracey Hause, Administrative Services Director provided an
overview of the upcoming 2006-2007 fiscal year budget and items related to the 2007-2008
fiscal year budget including: review of projected revenues, the capital and equipment funds,
and the emergency reserve fund; staff noted that revenue information was recently finalized,
and as a result, revenues are up city-wide; currently there is an ending fund balance in the
2005-2006 fiscal year budget.
Staff responded to Council inquiries regarding the discrepancy between budget revenue
projections and the actual year-end figure; staff responded that until revenue numbers are
finalized through a variety of inechanisms (reports for tax revenue, assessed valuation, etc.)
revenue projections cannot be guarantees of the year-end balance; City Council has
traditionally directed staff to take a more conservative approach to revenue projections.
Council Member Harbicht suggested that a portion of the 2005-2006 fund balance be dedicated
to replenishing the equipment replacement fund and the emergency reserve fund ($1 million
dollars each).
Staff responded to Council Member inquires regarding a variety of line items in the proposed
budget.
Council Member Amundson requested that staff provide an update to him regarding public
safety "constant manning" issues and overtime; Mr. Kelly noted that various studies have been
conducted in these issues, and will provide Mr. Amundson with the information he requested.
05-25-2006
48:0047
ADJOURNMENT
The meeting was adjourned at 8:25 p.m.
The next Regular Meeting of the Ciry Council/Redevelopment Agency will be June 6, 2006 at
6:00 p.m. in the City Council Chamber Conference Room located at 240 West Huntington Drive,
Arcadia.
James H. Barrows, City Clerk
V;~.~~e~.
By:
Vida Tolman
Chief Deputy City Clerk
05-25-2006