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1983_0725_packet
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1983_0725_packet
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REQU�EST FOR COUN�CIL ACTION <br />......................... <br />AGENDA, SEICTION: ORIGINATI G, 1DEPT. /DIV.: <br />Hearings Administration <br />I N 0. IT'E'M I DESCRIIPT'ION' <br />Revenue Sharing, - Proposed Use <br />DATE: - 7/25/83 MMMM� <br />In conpili,ance with the existing Federal Revenue Sharing guidelines, <br />rieciplien,ts of Revenue S'h,airing funds must, hold a, Proposed Use Hearing <br />r!-)riori to the time the annual budget is piresiented to the governing <br />body. Thie purpose of the hearing is to provide an opportunity for <br />, 0 <br />citizens to comment suggest possible usies for these funds, <br />Noticle of heariniq has been placed in appropriate publications, in- <br />clulding the Clity'sil newsletter. It is est3i-mateid, if Federal Revenue <br />Sharing 'is reenacted bly Congress,, the City will receive $145,,000 <br />relat]"Lng to 19184 calendar year. In addition, there ifs approximately <br />$57,00O as a, result, of interest earning and 19183, entitlements not <br />diesilignatied for specific uses. <br />it is recommended that use of ]Revenue Sharing funds be restricted to <br />ciapitial items or "Limprovements or nonreoccurring expenses as it has <br />been 'in, past years, <br />No, action, is necesisiary. Conments on speclific uses W31-11 be noted in <br />the minutes ,, <br />
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