HomeMy WebLinkAboutMINUTES Administrative Committee 1992-11-02C
RECORD OF PROCEEDINGS
‘-I
Administrative Committee
November 2,1992
Committee of the Whole:Mayor H.B.Dannels,Chairman
Board of Trustees
Attending:Mayor Dannels,Trustees Hix,
Aldrich,Barker,Dekker,Gillette,
Habecker
Also Attending:Town Administrator Klaphake,Ass’t.
Administrator Widmer,Finance
Officer Vavra,Department Heads
Linnane,Matzke,O’Connor
Absent:None
Chairman Dannels called the meeting to order at 10:02 A.M.
1993 BUDGET -REVIEW OF ENTERPRISE FUND BUDGETS.
Light and Power Fund.Staff reviewed the Executive Summary for the
Light and Power and Water Funds.The 1992 Light and Power Budget
reflects the Board’s goal of maintaining a cash fund balance of at
least $1 Million dollars.The 1993 budget includes moving one (1)
work study person to a full—time position,and revenues,expenses,
and capital outlay were reviewed.Staff confirmed which capital
outlay projects would be submitted to the Committee for further
action and which projects would require pre—authorization to bid.
Water Fund.The 1993 Water Fund Budget revenues,expenses,and
capital outlay were discussed.Items to be returned to Committee
for further action or pre—authorization to bid were reviewed.
In a memorandum dated October 30,1992,Ass’t.Administrator Widmer
reviewed 1993 Budget Highlights which included General Fund
Revenues,Expenses,Museum,Conference Center,Conservation Trust
Fund,Special Events,Catastrophic Loss Fund,Self-funding Medical
Insurance Fund,Fleet Maintenance,Fire and Police Pensions,and
Light &Power and Water Funds.Pertaining to the mill levy,
Larimer County has advised that the Town’s property tax revenue
limit (mill levy)is 3.586;however,the Town has elected to use a
mill levy of slightly more than 3 mills.Ass’t.Administrator
Widmer commented on the growth factor plus CPI and how it would
relate to the TABOR Amendment.
1993 Future Budget Considerations.The Committee reviewed four
items that will be addressed during the committee process:salary
appropriations (Administrative),Arts support (Community
Development),Sister City Program (Community Development),and
Museum Long-Range Plan (Administrative).
The Committee recommends approval of the 1993 Budget;the public
hearing is currently scheduled on November 10,1992.
There being no further business,Chairman Dannels adjourned the
meeting at 10:32 A.M.
4’,Lc’éLL-L)
Vickie O’Connor,CNC,Town Clerk
4 -,
NOV •992
•
I r_;:‘1\i\
C T ‘-
J