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TUESDAY, DECEMBER 8, 1992 <br />With legal counsel, as authorized by Subsection 7. At the conclusion <br />of this Executive Session, Council reconvened into regular session, <br />wherein, by a recorded vote, each member of Council certified that (1) <br />only public business matters exempted from open meeting requirements <br />were discussed in said Executive Session; and (2) only those business <br />matters identified in the motion convening the Executive Session were <br />heard, discussed or considered during said Session. <br /> <br />Council took no action on this matter. <br /> <br />Council considered revisions to the FY 92-93 Refuse Fund Budget and <br />adoption, on first reading~ of Ordinance No. 92-18 setting new <br />residential and commercial refuse collection rates and new landfill <br />tipping fees. Mr. Reynolds reviewed the solid waste management issues <br />currently facing the City, including significant costs which will be <br />incurred in closing the current City Landfill and post-closure <br />monitoring of the Landfill. Mr. Reynolds stated that the June 30, 1992 <br />Audit showed that the Refuse Fund began FY 92-93 with a Fund Balance of <br />only $30,136, which was $92,100 less than was projected in the FY 92-93 <br />Budget. The shortfall was a result of large, unanticipated <br />expenditures relating to the repair of Landfill equipment which <br />occurred in June, 1992, after the budget was finalized. Given the <br />$30,136 Fund Balance, the Administration projected that the Refuse Fund <br />would have a deficit of $64,607 at the end of FY 92-93. In addition, <br />the Administration requested a supplemental appropriation in the amount <br />of $212,927 ($85,927 relating to increased expenditures for the <br />projected acceptance of waste from Henry County at the City Landfill <br />beginning in May, 1993 and $127,000 for City-related needs, including <br />ladditional funds for engineering consulting, "Phase 2" water quality <br /> <br /> <br />