HomeMy WebLinkAboutBudget Minutes - April 19, 2000CITY OF CENTRAL POINT
2000/2001 BUDGET COMMITTEE MEETING MINUTES
April 19, 2000
I. ROLL CALL
The meeting was called to order by Mayor Walton at 7:03 p.m. Members present
were:
Council Members Citizen Members City Staff
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Mayor Bill Walton LeRoy Burkhart
Garth Ellard Hank Williams
Carol Fischer Don Foster
Bob Gilkey Mike Quilty
Donna Higginbotham Rick Rapp
Wayne Riggs
Kay Harrison
APPROVAL OF MINUTES
Jim Bennett, Administrator
Lois DeBenedetti, Building Official
Mike Sweeny, Police Chief
Lee Brennan, Public Wks. Dir.
Bill Brugger, Finance Director
Deanna Gregory, Admin. Secretary
A. Approval of April 12, 2000 Budget Minutes
Garth Ellard made a motion to approve the minutes as presented. Carol Fischer
seconded. All said aye. Motion passed unanimously.
III. PRESENTATION OF BUDGET
1. System Development Charge Funds
A. Water Supply SDC Fund: Public Works Director Lee Brennan stated
that at this time he does not see a need to purchase water from Lost
Creek Reservoir. The City is in constant contact with the US Army
Corps of Engineers at Lost Creek and if the need should arise to
purchase water he will inform the Council.
Mike Quilty made a motion to approve the Water Supply SDC fund as
presented. Wayne Riggs seconded. All said aye. Motion passed
unanimously.
B. Water Distribution SDC Fund: This fund accounts for water capital
projects which are eligible for funding from Systems Development
Charges. Mr. Brennan explained the Capital Outlay Projects this fund
will be providing.
City of Central Point
Budget Committee Minutes
April 19, 2000
Page 2
Garth Ellard made a motion to approve the Water Distribution SDC Fund as
presented. Carol Fischer seconded. All said aye. Motion passed
unanimously.
C. Street SDC Fund: This is a new fund that accounts for revenue received
by City from street systems development charges assessed on
development and investment income. This fund is used for expanding
the capacity and development of the City's arterial street systems. Mr.
Brennan explained the Capital Outlay projects.
Kay Harrison made a motion to approve the Street SDC Fund as presented.
Carol Fischer seconded. All said aye. Motion passed unanimously.
D. Water Reservoir SDC Fund: No significant changes.
Mike Quilty made a motion to approve the Water Reservoir SDG Fund as
presented. Garth Ellard second~'d. All said aye. Motion passed unanimously.
2. Debt Service Funds
A. Reservoir Debt Fund: No significant changes.
Garth Ellard made a motion to approve the Reservoir Debt Fund as presented.
Donna Higginbotham seconded. All said aye. Motion passed unanimously.
B. Bancroft Bond Redemption Fund: No significant changes.
Hank Williams made a motion to approve the Bancroft Bond Redemption Fund
as presented. Mike Quilty seconded. All said aye. Motion passed
unanimously.
C. Water Line Debt Fund: No significant changes.
Donna Higginbotham made a motion to approve the Water Line Debt Fund as
presented. Wayne Riggs seconded. All said aye. Motion passed
unanimously.
3. Capital Acquisition Funds
A. Land Acquisition & Building Fund: City Administrator Jim Bennett
explained that the net working capital will be spent down to complete
the remodel of City Hall and to make needed improvements to the
exterior of the building.
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City of Central Point
Budget Committee Minutes
Apri119, 2000
Page 3
Garth Ellard made a motion to approve the Land Acquisition and Building
Fund as presented. Donna Higginbotham seconded. All said aye. Motion
passed unanimously.
B. Equipment Acquisition Fund: No significant changes.
Don Foster made a motion to approve the Equipment Acquisition Fund as
presented. Carol Fischer seconded. All said aye. Motion passed
unanimously.
4. Other Funds
A. Telephone Excise Tax Fund: No significant changes.
Garth Ellard made a motion to approve the Telephone Excise Tax Fund as
presented. Carol Fischer seconded. All said aye. Motion passed
unanimously.
B. Public Works Equipment Rental Fund: Mr. Brennan presented a list
and explained the changes in equipment for the capitol outlay.
Mike Quilty made a motion to approve the Public Works Equipment Rental
Fund with changes to the equipment list in capitol outlay. Garth Ellard
seconded. All said aye. Motion passed unanimously.
C. Rehabilitation and Development Fund: No significant changes.
Wayne Riggs made a motion to approve the Rehabilitation and Development
Fund as presented. Garth Ellard seconded. All said aye. Motion passed
unanimously.
D. Water Reservoir Replacement Fund: No significant changes.
Garth Ellard made a motion to approve the Water Reservoir Replacement
Fund as presented. Don Foster seconded. All said aye. Motion passed
unanimously.
V. APPROVAL OF THE CITY OF CENTRAL POINT 2000-2001 BUDGET
Budget Officer Jim Bennett explained that this concludes the Budget Meetings for
the 2000/2001 budget year. A final motion is needed to approve the overall budget
for 200012001.
City of Central Point
Budget Committee Minutes
Apri119, 2000
Page 4
Donna Higginbotham made a motion to approve the City of Central Point Proposed
Budget for Fiscal Year July 1, 2000 through June 30, 2001. Garth Ellard seconded.
Roll Call: Motion passed with Rick Rapp opposing.
VI. ADJOURNMENT
Wayne Riggs made a motion to adjourn. Mike Quilty seconded. Roll Call: Motion
passed with Rick Rapp opposing. The meeting was adjourned at 8:30 p.m.
Dated 5 ~ ~ ~l ~~
Deanna Gregory, Bud