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HomeMy WebLinkAboutMAY 25,2006 I I I CITY COUNCIL/REDEVELOPMENT AGENCY SPECIAL MEETING MINUTES THURSDAY, MAY 25,2006 CALL TO ORDER Mayor Roger Chaodler 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 presented the staff report; staff 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 fuods, 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 mechanisms (reports for tax revenue, assessed valuation, etc.) revenue projectioos cannot be guarantees of the year-end balaoce; City Council has traditionally directed staff to take a more cooservative approach to revenue and expenditure projections. Council Member Harbicht suggested that a portion of the 2005-2006 fund balance be dedicated to replenishing the equipment replacement fund. 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, 1 48:0047 ADJOURNMENT The meeting was adjourned at 8:25 p.m. 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 Confereoce Room located at 240 West Huntingtoo Drive, Arcadia. ATTEST: 2 05-25-2006 I I I