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<br />-~~ ~.\ <br />_.lv <br /> <br />TUESDAY <br /> <br />OCTOBER 28, 1975 <br /> <br />In addition, Council voted unanimously in June to charge City <br />Departments full rates for the energy it used. The purpose <br />of this was to keep proper records of City usage and to <br />follow proper cost accounting procedures so that each fund <br />would stand on its own. It is projected that City Departments <br />will pay $73,000.00 more to the Electric Department than was <br />estimated in the budget. <br /> <br />Finally, I point out that Mr. Yeaman forecasts additional <br />revenues to the General Fund over budgeted revenues of <br />$92,583.00 and additional expenses to the General Fund over <br />budgeted expenses of $67,619.00, a projected year-end surplus <br />of $24,964.00. <br /> <br />The School Board has requested $40,220.00. I move the <br />following: <br /> <br />(1) That Council change the projected transfer of $485,000.00 <br />from the Electric Department to the General Fund to $558,000.00, <br />an additional of $73,000.00 which represents the amount of City <br />Department payments for electricity over the budget estimate. <br /> <br />(2) That Council transfer no money from the Water and Sewer <br />Funds which will account for $60,081.00 of the $73,000.00. <br /> <br />(3) That Council appropriate up to $40,220.00 from the <br />General Fund to the School Fund, if the School Board can <br />not make additional cuts, $12,919.00 to come from the <br />balance of the $73,000.00, $16,000.00 or more from CETA <br />funds, and the balance to come from the projected fiscal <br />1976 year-end surplus of the General Fund. <br /> <br />This motion will accomplish the following: <br /> <br />(1) It will satisfy the School Board's request without the <br />need of a tax increase; <br />(2) It will protect the surplus of the Water and Sewer Funds; <br />(3) It will not endanger the profit projections of the <br />Electric Department because the $73,000.00 additional income <br />from City departments to the Electric Department was not <br />budgeted. <br /> <br />Assistant City Manager-Public Works Director George W. Brown briefed Council <br /> <br />on details of a proposed pre-application for Federal "Community Development" <br /> <br />funds, including a proposal to file a single pre-application for funding of <br /> <br />various projects, as set forth hereinafter, with which Council concurred, being <br />