Minutes 04/23/1991 - Laserfiche WebLink

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L26 TUESDAY, APRIL 23, 1991 Councilman Oakes made a motion that the City Manager revise the=budget to demonstrate a closing balance of $250,000 in the General Fund as of 6/30/92. This motion was seconded by Vice-Mayor Groden and carried by a unanimous vote. Councilman Adams made a motion that the 10% water rate increase recommended ..by the City Manager be approved. This motion was seconded by Councilman Oakes. Mayor McClain, noting that the City Manager's original recommended Water'..~='Fundl. closing .balance as of 6/30/92 had been $373~=O00=~ndvoicing his= concern over the impact of a 10% water rate increase on major water-consuming industries, stated that he would prefer an 8% water rate increase which he said would result in a closing balance of $371,377 in the Water Fund as of 6/30/92. Mayor McClain said that, based on his discussions with representatives of the major water-consuming industries, he felt that these industries could better absorb smaller increases on a regular basis rather thanla large increase in any one year. By a vote of 4 "yes" ~and 1 "no" (Mayor McClain), Councilman Adams' motion was carried. Mr-j= Brown stated that he felt it would be difficult to achieve a closing balance of $250,000 in the General Fund as of 6/30/92 without cutting programs and that this was an ~'arbitrary" figure to try to achieve° Mr0 Brown 'stated that he felt the City Administration had worked 'as diligently as the School Administration and School Board had on the budget and that his recommended budget was valid. Mr. Brown asked that some flexibility be given regarding the amount of surplus to be achieved. Upon motion, duly seconded and by unanimous vote, Council revised its earlier motion that the City Manager achieve a closing balance of $250,000 in the General Fund as of 6/30/92 to state that the City Manager should have a goal of revising the General Fund budget to achieve the $250,000 surplus°