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HomeMy WebLinkAboutMINUTES Town Board Budget Study Session 1997-11-07BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS Town Board Budget Session November 1, 1997 Board: Attending: Also Attending: Absent: Mayor Dekker, Trustees Barker, Baudek, Doylen, Hix, Marshall and Pauley All Town Administrator Klaphake, Finance Officer Vavra, Public Works Director Linnane, Light & Power Director Matzke, Clerk O'Connor None Mayor Dekker called the meeting to order at 9:00 a.m. REVIEW 1998 ENTERPRISE, CAPITAL PROJECT, DEBT SERVICE, INTERNAL SERVICE AND TRUST FUNDS. Staff reviewed the following 1998 Budget Issues: Water Rates/Fund Balance. The beginning fund balance is $1.7 Million Public Works Director Linnane reviewed plant development and water rights fees. The Dept, intends to incrementally purchase water rights at approximately $50,000/yr. When previous water rights were sold, they were not needed, nor did the Town desire the $7-800,000/yr. debt. Water Dept. Capital Projects. A 5% rate increase is planned, and staff highlighted certain capital projects. Light & Power Rates/Fund Balance. A rate-study consultant will be attending a Light and Power Committee meeting in the near future. Staff has been assembling money to determine how to reinvest in the electric system. A 2.5 Million fund balance is anticipated. Light & Power Capital Projects. Staff reviewed the highlights of the capital projects. Staff confirmed a rate increase is not being planned for Light & Power. 1998 PROPOSED BUDGET - EXECUTIVE SUMMARY. Finance Officer Vavra clarified recent newspaper articles pertaining to the proposed purchase of snowplows and a 5% salary increase, both of which have not yet been approved. Finance Officer Vavra presented and reviewed the Proposed 1998 Executive Summary for the Enterprise, Capital Project, Debt Service, Internal Service and Trust Funds. PUBLIC COMMENT. Elizabeth Betts, representing the Scandinavian Festival appeared and thanked the Town for helping this Festival get started (assistance by the Special Events Dept., stage & bleachers); approximately 6,000 attended in 1997. Appreciation was also given to the Town for funding the CACEP Re-gifting Program - they help assist this Festival. Ms. Betts encouraged the Board to continue funding the Re-Gifting Program. BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS Town Board Budget Session - November 7, 1997 - Page 2 Patrick Cipolla, requested Street Improvements be increased from $200,000. The Arts, Museum, and Advertising have been increased, while neighborhoods remain the same. Children are forced to walk in the street on the Stanley/Prospect Ave. area. Administrator Klaphake reviewed Street, Highway Repair, Maintenance and Construction figures, adding that street maintenance has been increased from $200,000 to $243,000 for 1998. Discussion followed on the Town's philosophy on sidewalks, adding that Town Policy has been shifted toward constructing trails. TOWN BOARD 1998 BUDGET AMENDMENTS. Consensus was reached for the following Town Board amendments to the 1998 Budget: 1. Fund an additional $10, 000 to Crossroads, for a total subsidy of $20,000. The additional $10,000 is to be utilized only for food. The Town Board desires Crossroads to report how the money is being spent. 2. Fund a total of $5, 000 toward operation of the Salud Clinic (Trustee Doylen originally suggested $2,500, and Trustee Marshall increased the amount to $5,000). The total increase of $15, 000 is to be funded from the General Fund Balance. The Mayor urged both organizations to continue their own fund-raising efforts. There being no further business. Mayor Dekker adjourned the meeting at 10:35 a.m. Vickie O'Connor, CMC/AAE, Town Clerk NOTE: Minutes of study sessions are not approved by the Board of Trustees. distributed, nor