Minutes 04/09/1991 - Laserfiche WebLink

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TUESDAY-. APRIL 9~ 1991 that~the!City Administration and the School Division calculat.ed~the local costs"-of the School Division in a different manner. I Mr.'Fitts "net said that the School Division subtracted revenues generated by the Schools,~such as through the rental of School buses, from the amount listed as revenue needed from the local government. According to the City Administration's method of calculating local costs, the increase in funds from local sources was 53v6,354. Mr.= Lamm="preSented albroad overview of the~ School =b~dg~t"~=do~u~en't and responded to numerous questions by members of Council regarding specific aspects of the budget document. In response to questions by members of CoUncil, Mr. Lamm stated that no funds have been included in the School budget for asbestos removal. Mr. 3rown explained that the City had set up an Asbestos Removal Fund from which monies were being paid for the removal of asbestos at the Schools in anticipation of approval of a Literary Fund Loan which would pay back the City's pooledicash resources for these expenditures. Mr. Lamm said that to date, $324,190 had been spent and that $150,000 would be spent during FY91-92. According to Mr. Lamm,. the total expense for asbestos removal should be much less than the original estimate of $1.5 million. Chairman Carter stated that there existed a backlog of requests for Literary Fund monies and that it could be an extended period of time before funds would be available. Several members of Council asked that the Asbestos Removal Fund be included inthe monthly financial report which is given to Council. Mr. Lamm stated that the original School budget provided for a 3%i pay increase for School, Division personnel, but that this had been removed by School Board action. Mr. Lamm noted a quotation from the School ~oard