Minutes 06/06/1975 - Laserfiche WebLink

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'1'6 ~... FRIDAY JUNE 6, 1975 Will Council transfer more money from the Water and Sewer Funds than the $47,000 which has been approved? I made a statement at the last meeting when I objected to the transfer of money out of the Water and Sewer Funds to the General Fund, and I think it is pertinent to this issue: I feel that all of Council's decisions should concern not only today's problems, but also, what effect the decisions will have on tomorrow's citizens. I am sure that Mr. Yeaman and Mr. Noland have spent countless hours compiling input from various sources in arriving at their recommended figure for transfer from the Electric Department to the General Fund. I have worked, and reworked their figures, and feel that their recommendation is conservative, but my figure, which I have discussed with Mr. Yeaman, is slightly lower due to the fact that I have given additional weight to one adverse variable. They recommend that Council budget a transfer of $501,663.00. I move that Council take a slightly more conservative approach and transfer $485,000.00. By doing this, I feel that Council will set aside a reasonable safety margin to guard against another potential forecasting error, and hopefully, the Electric Department will end up with a badly needed addition to surplus. Following further discussion of how much money to allocate in 1975-76 to the CBD ("downtown renewal") project and how much money should be allocated for salary- wage increases, merit or otherwise, Councilman Lester offered the motion, seconded by Councilman Fitz-Hugh, that no cost-of-living salary-wage increases be allowed but establish the sum of $34,600.00 (from the $134,600.00 estimated to provide a five-percent cost-of-living increase) for merit increases only, with the remaining $100,000.00 to be allocated to the CBD ("downtown renewal") project, making for a total*of $200,000.00*for this project. Voting for the motion were Messrs. Lester and Fitz-Hugh; and voting against the motion were Messrs. Boaz, Hobson, and Greene; thus, the motion was defeated. Councilman Greene then offered the motion, seconded by Vice-Mayor Hobson, that Council accept City Manager Noland's proposed budget, as revised by his aforesaid suggested summary but reflecting the approved transfer of $485,000.00 * Addendum and correction, per Council action of 6-10-75: should have read "total of .100,000.00".