HomeMy WebLinkAbout08/17/2010 04B-2 Minutes 07-28-2010 Council Budget Committee )t 8 -20
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Council Budget Committee
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Wednesday, July 28, 2010
8:30 - 10:00 a.m.
Meeting Minutes
Attendance: Council Members: Micah Cawley, Kathy Coffey, Bill Lover
Staff: Dick Zais, Dave Zabell, Rita DeBord, Robin Dukart
Discussion:
➢ Dick Zais began the meeting with an overview of the 2010 General
Government Budget YTD estimates. He stated that in spite of the slightly
improved trend in general sales tax revenues over the past few months, he
remains concerned about the future economic status of both the national and
local economies and is, therefore, currently projecting a 2% reduction in 2011
general sales tax revenue compared to the 2010 year -end estimate.
411 ➢ The Committee reviewed the Employee Furlough Report. Rita explained that
the total savings is understated on the reports as the reports do not include
the related payroll cost reductions associated with retirement, FICA,
Industrial Insurance, etc. It is estimated the furlough saved approximately 12
positions that would have otherwise been reduced (employee lay offs) this
year.
➢ Early revenue projection for 2010 year -end is approximately $57,158,000 and
for 2011 revenues is $57,332,000; very flat trend compared to 2009 actual of
approximately $57,291,000. There was also discussion of the potential impact
of the Liquor Initiatives (I -1100 & I -1105) which could further reduce City
revenue if approved by voters in November. A contingency budget
reduction plan is needed to offset the reduced revenue should either of these
Initiatives be approved.
➢ Micah Cawley requested a utility tax comparison of similar sized cities in
Washington (Electric, gas, phone), for the next regular meeting.
➢ The Committee discussed possible funding options for. Outside Agencies that
are not mandated but receive funding through the General Government
Funds. The CBC will recommend the three (3) choices to the full City Council
at their next meeting (Aug. 3, 201): (1) Maintain current practice (agency by
agency review), (2) Establish a Grant Fund within the General government
Rd 7 -28 -10 CBC Minutes
fund for allocation to outside agencies each year, and (3) Eliminate outside
agency funding.
➢ The CBC directed staff to bring forward to full council at the first meeting in
August staff's draft Budget & Financial policies / guidelines regarding:
• Outside Agency . Funding
• General Reserve Policy (Stabilization Funds)
• Non - recurring Expenditures
Next Meeting: Special Meeting, Mid August
Wednesday, August 25, 2010
8:30 - 10:00 a.m.
CED Conference Room
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Committee Chair (Micah w1ey1
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Rd 7 -28 -10 CBC Minutes