HomeMy WebLinkAbout03/07/94COUNCIL WORK SESSION
March 7, 1994
5:15 p.m.
Large Conference Room
Members present: Mayor Rooff, Anders, Collier, Getty, Jordan,
Krizek, Mollenhoff, Murphy.
Moved by Jordan, seconded by Getty that the Agenda, as proposed, be
approved. Ayes: Seven. Motion carried.
The FY 1995 Budget was reviewed. The proposed budget totaling
$70,333,199 is based upon a total regular city tax levy rate of
$19.96 per thousand dollars of taxable valuation, which will
generate a total property tax revenue amount of $25,118,301
compared to the currently budgeted property tax figure for FY 1994
of $25,380,180 for a one percent decrease in total property tax
askings. The proposed FY 1995 Budget also includes, for the first
time, the voted library levy at a tax levy rate of 27 cents per
thousand dollars, which will generate $335,077 for expanded library
hours beginning next fiscal year.
Mayor Rooff pointed out the $45,000.00 budgeted for Cedar Valley
Partnership, the area's primary economic development group, will be
closely scrutinized next year, unless local bankers, business
owners, and city officials devise a strategy so when someone needs
economic development, they know where to go. He stated right now
it can be hit or miss. He asked "all the players" to come up with
a five-year economic plan for the city.
Councilman Getty stated he felt the Budget Advisory Committee, the
Mayor and staff members have done a tremendous job and
congratulated them on the fine work on this budget.
Mayor Roof said he was convinced we were on the right track. We
have only been here eight weeks, but he thinks it is going to be
okey. He was concerned about the small fund balance which could
jeopardize the City's bond rating.
With no further business before the Council, it was moved by Getty,
seconded by Krizek that the meeting be adjourned at 6:13 p.m.
Ayes: Seven. Motion carried.
Tom Campbell
Acting Clerk/Auditor