HomeMy WebLinkAboutBudget Minutes - May 12, 1999
CITY OF CENTRAL POINT
1999/2000 BUDGET COMMITTEE MEETING MINUTES
May 12, 1999
I. INTRODUCTION OF MEMBERS
Members present were:
Council members Citizen Members City Staff
Mayor Bill Walton LeRoy Burkhart Jim Bennett, City Administrator
Garth Ellard Hank Williams Tom Humphrey, Planning Director
Carol Fischer Don Foster Mike Sweeny, Police Chief
Dave Gilmour Mike Quilty Lee Brennan, Public Wks. Dir.
Donna Higginbotham Rick Rapp Bill Brugger, Finance Director
Bill Stults Wayne Riggs Lois DeBenedetti, Building Official
Deanna Gregory, Admin. Secretary
II. APPROVAL OF MINUTES
A. Approval of May 5, 1999, Budget Committee Minutes.
Garth Ellard made a motion to approve the Budget Committee Minutes of May 5, 1999, as
presented. David Gilmour seconded. All said aye. Motion passed unanimously.
III. PRESENTATION OF BUDGET
A. SDC FUNDS
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.
David Gilmour made a motion to approve the Water Supply SDC fund as presented. Bill
Stults seconded. All said aye. Motion passed unanimously.
Water Distribution SDC Fund: This fund accounts for water capital projects which are
eligible for funding from Systems Development Charges. Capital Outlay projects for this
fund are the completion of the Hamrick Road Water Line Extension, and the Water Master
Plan Update.
Wayne Riggs made a motion to approve the Water Distribution SDC Fund as presented.
Garth Ellard seconded. All said aye. Motion passed unanimously.
Park SDC Fund: Mr. Bennett stated that the City has an opportunity to purchase another
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May I2, 1999
Page 2
piece of property on Vilas Road for a City Park. If the Budget Committee would like the City
to purchase this parcel there would need to be a transfer of $200,000 from the General Fund.
David Gilmour made a motion to reopen the General Non-Operating fund. Mike Quilty
seconded. All said aye. Motion passed unanimously.
David Gilmour made a motion to transfer $200,000 from the General Non-Operating fund
to the Park SDC Fund. Rick Rapp seconded. All said aye. Motion passed unanimously.
David Gilmour made a motion to amend line item 41, Transfers In of the Park SDC fund to
$200,000, with the intent of repaying the General Fund over a 10 year period„ The total
requirements for Park SDC Fund will be $490,000. Wayne Riggs seconded. All said aye.
Motion passed unanimously.
Water Reservoir SDC Fund: There are no significant changes or capital outlay projects for
this fund.
Mike Quilty made a motion to approve the Water Reservoir SDC Fund as presented. David
Gilmour seconded. All said aye. Motion passed unanimously.
B. CAPITAL ACQUISITION FUNDS
Land Acquisition & Building Fund: City Administrator Jim Bennett explained that the net
working capital will be spent down for preparation of engineering and construction plans, and
costs associated with the issuance of revenue bonds for the City Hall annex.
Garth Ellard made a motion to approve the Land Acquisition & Building Fund as presented.
Wayne Riggs seconded. All said aye. Motion passed unanimously.
Equipment Acquisition Fund: No significant changes to this fund. Capital Outlay projects
include computer hardware/software and office furniture for new positions.
David Gilmour made a motion to a approve the Equipment Acquisition Fund as presented.
Garth Ellard seconded. All said aye. Motion passed unanimously.
C. OTHER FUNDS
Reservoir Debt Fund: No significant changes.
Hank Williams made a motion to approve the Reservoir Debt Fund as presented. 1Vlike Quilty
seconded. All said aye. Motion passed unanimously.
Bancroft Bond Redemption Fund: No significant changes.
Wayne Riggs made a motion to approve the Bancroft Bond Redemption Fund as presented.
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May 12, 1999
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David Gilmour seconded. All said aye. Motion passed unanimously.
Water Reservoir Replacement Fund: No significant changes.
Wayne Riggs made a motion to approve the Water Reservoir Replacement Fund as presented.
Garth Ellard seconded. All said aye. Motion passed unanimously.
Telephone Excise Tax Fund: No significant changes.
Garth Ellard made a motion to approve the Telephone Excise Tax Fund. Mike Quilty
seconded. All said aye. Motion passed unanimously.
Water Line Debt Fund: No significant changes.
Mike Quilty made a motion to approve the Water Line Debt Fund. David Gilmour seconded.
All said aye. Motion passed unanimously.
Rehabilitation Development Fund: Mr. Bennett explained changes in Net Working Capital
total from $24,995 to $33,000; total resources to $53,000; add $33,000 to capital outlay line
item 83, and change line item 94 to $0. The fund balance will remain the same at $20,000.
Wayne Riggs made a motion to approve the change of Net Working Capital to $33,000 for a
total resources of $53,000; and capital outlay line item 83, from $0 to $33,000, and line item
94 to $0. David Gilmour seconded. All said aye. Motion passed unanimously.
Public Works Equipment Rental Fund: Mr. Bennett explained a change of $250,000 to the
capital outlay line item 83, Building. This amount is needed to complete the Public Works
shop expansion.
Wayne Riggs made a motion to approve the Public Works Equipment Rental Fund adding
$250,000 to line Item 83 for City Shops expansion. Mike Quilty seconded. All said aye.
Motion passed unanimously.
V. ADJOURNMENT
Budget Officer Jim Bennett explained that this completes the Budget meetings for the
1999/2000 budget year. The approved budget will be presented to the City Council for public
hearing and adoption on June 24, 1999.
The meeting was adjourned by unanimous vote at 9:15 p.m.
Dated g ~~s - 99
eanna Gregory, et S retary