08-07-87 Personnel & Finance - Laserfiche WebLink

Home Browse Search

Personnel & Finance Minutes/August 7 , 1987 Page 6 Mr. Vance noted that there are no general obligation bonds currently outstanding and that they were paid off in 1986. The park district bond represents payments on the East Race and the zoo . PARK DISTRICT BOND - COVELESKI STADIUM Page 9.A.002 - requested 1988 budget of $1 , 007 , 708. Mr. Vance noted that the budget sets forth the lease purchase payments which would be due in 1988. The amount budgeted represents the worst possible payment situation under the current lease purchase agreement. He further indicated that the payment could be as low as $800,000 in 1988. He also noted that approximately $200, 000 from cable television revenue and $50,000 from the franchise agreement would be used in paying off the lease purchase agreement. URBAN REDEVELOPMENT BOND Page 10.A.001 - requested 1988 budget of $234, 500 representing a 3.8% decrease. Mr. Vance noted that this amount was to pay off the R-66 debt . CITY ENGINEER Page 1 .A.010 - requested 1988 budget of $299 ,418 representing a 3 . 1% increase. Mr. John Leszczynski , City Engineer, and Mr. Mike Meetz , Director of Engineering , then reviewed the proposed budget for that department. Mr. Leszczynski noted that the overall budget increase represented approximately $9,000 over the current budget. BOARD OF WORKS Page 1 .A.008 - requested 1988 budget of $1,605, 116 representing a 0. 1% decrease. Mr. Leszczynski indicated that the overall budget was approximately $2,000 less than last year. He also noted that electric current was being budgeted at the same amount as last year and that telephone and telegraph was also being budgeted at the same amount for 1988 . STREET DEPARTMENT Page 3.A.001 - requested 1988 budget of $2 , 716 , 674 representing a 5.7% decrease.