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Personnel & Finance <br /> Minutes/August 7 , 1987 <br /> Page 4 <br /> ART ASSOCIATION Page 1.A.029 - requested 1988 budget of <br /> $36 ,000. <br /> Mr. Vance indicated that the $36 ,000 per year is a pass <br /> through of their rent costs at Century Center. He indicated that <br /> the lease would become due in either 1988 or 1989. Councilman <br /> Beck stated her belief that a more reasonable sum closer to their <br /> actual fair share of incurred costs at the Century Center should <br /> be collected. <br /> BOARD OF SAFETY Page 1 .A.009 - requested 1988 budget of <br /> $10, 200. <br /> Mr. Vance indicated that the contractual payments were to <br /> pay for the salaries of the three (3) Board members who make up <br /> the Board of Safety . <br /> YOUTH SERVICES BUREAU Page 1 .A.027 - requested 1988 budget <br /> of $50, 000 . <br /> Mr. Vance indicated that the City is currently under a <br /> contractual agreement with the Youth Services Bureau which is now <br /> a not-for-profit agency. The current funding for the Youth <br /> Services Bureau is $68, 000 which will be reduced in 1988 to <br /> $50 , 000 representing a 26 .4% decrease . <br /> PARKING GARAGES Page 14.A.001 - requested 1988 budget of <br /> $547 ,362 representing a 2 . 7% increase. <br /> Mr. Ted Latkowski then reviewed the parking garage budget. <br /> He noted that the last three (3) months were the best in the <br /> history of the parking garages. Revenues have increased, but the <br /> overall deficit per year is averaging between $150,000-$160,000. <br /> Mr. Vance noted that there will be a 7% increase in bond payments <br /> in 1988 . <br /> CUMULATIVE CAPITAL DEVELOPMENT FUND Page 11 .A . 001 - <br /> requested 1988 budget of $187 , 604. <br /> Mr. Vance noted that the current eight cents ($.08) will be <br /> increased to twelve cents ($. 12) in 1988. This will be used to <br /> help budget the Street Department and general improvements . <br />