08-04-08 Personnel & Finance - Laserfiche WebLink

Home Browse Search

Personnel and Finance Committee Meeting Minutes of August 4, 2008 Page 3 The City Controller noted that the funding is based on a formula established by the State Auditor for distribution of the cigarette tax distribution which is proposed to be cut by 9%. She added that she will check into the payment schedule for the Century Center. There was no one from the public to speak in favor or in opposition to this fund. 2009 Proposed Budget for Cumulative Capital Development, Fund # 406: Expenditure by Cost Center $1,312,239 Expenditure by Classification $1,312,239 Funding Sources Total $1,380,426 Revenue over expenditures for 2009 $ 68,187 The City Controller noted that that this fund is utilized to fund the various equipment leases which are each of 5-year durations. She stated that there would be no new leases until one falls off. Currently computer maintenance agreements are under review with a 12% reduction being proposed. She is looking into outsourcing payroll and will provide the Council with a list of all maintenance agreements. She also believes that city email accounts should be reviewed. There was no one from the public to speak in favor or in opposition to this fund. 2009 Proposed Budget for Economic Development Income Tax, Fund # 408: Expenditure by Cost Center $3,541,207 Expenditure by Classification $3,541,207 Funding Sources Total $1,380,426 Revenue over expenditures for 2009 $ 336,260 The City Controller noted that based on her conversation with Don Inks, that $236,360 may be funded from TIF monies for HUD § 108 bonds. Dr.Varner inquired about the $110,000 proposed payment for Project Future. City Controller Fanello stated that the EDIT monies may now be used for anything since 2006 legislation changes. In response to a question from Council Member White, Ms. Fanello noted that footnote # 5 sets forth $650,000 of priority projects identified by the Mayor which include proposed funding for Project Future, Chamber of Commerce (BRE), DTSB, Inc., Real Services, Building Blocks, Near NW operating, Neighborhood Resource Corporation, Rebuilding Together, and Historic Preservation.