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This process of finding efficiencies is a continuation of actions began in 2009. After <br />brief discussion Catherine Fanello presented a number of budgets and funds under the <br />Controller's umbrella. Fanello began with presentations of the employee health <br />insurance funds and the City's liability funds. As a result of safe practices, adoption of a <br />single 80/20 employee insurance plan, and the elimination of a $500 supplement for <br />employee flexible-spending plans, the city was able to keep insurance premiums without <br />increases for 2010. A walk through of the Cumulative Capital Development (CCD) fund, <br />the Cumulative Capital Improvement (CCI) fund and the County Option Income Tax <br />(COIT) fund followed. Fanello with the Mayor went on to review the Hall of Fame and <br />Professional Sports Development Funds. Before completing her presentations, Fanello <br />provided the Council with a summary schedule of the city's long-term debt. This <br />schedule as well as budget summary sheets for each department and fund are attached. <br />The Century Center budget presentation was represented by Board Chair Vivian Sallie <br />and Director Kurt Brown. Revenue projections always speculative are even more so for <br />Century Center this year due to the economic downturn. Nonetheless, with improved <br />venues and menus the prognosis for growth in revenues look well founded. The City <br />Clerk presented his department's budget which reflected an overa113% reduction for <br />2010 mostly due to reductions in the travel and education and training line items. <br />Council President Derek Dieter provided a comprehensive review of 2009 Council <br />Activities as well as the budget proposals for 2010. The Council has pared their budget <br />for 2010 by 10%. The budget proposals for the Human Rights Commission were <br />thoroughly outlined by Director Lonnie Douglas and Board President Ray Thomas. <br />Expenditures reflect a 14% reduction due mostly to staff reduction. This figure is <br />tempered by an overall reduction of 10% in revenue sources. Chairperson LaFountain <br />announced there would be an additional hearing at 11:00 a.m., Friday, August 14, 2009 to <br />revisit the Police, Fire, and Park Department budgets. <br />There being no further business to come before the committee at this time, Chairperson <br />LaFountain, adjourned the meeting at 5:35 p.m. <br />Tom LaFountain, Chairperson <br />Personnel and Finance Committee <br />