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1982_0712_packet
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1982_0712_packet
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2/1/2012 8:47:12 AM
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AGENDA SECTION 4. <br />Hearings <br />------------------- - - <br />ITEM DESCRIPTIO <br />V. <br />.................... ....................... ............. <br />................................................................................. ........... ........... <br />1.111 .... I ��: ...................... .... ...................... <br />ORIGINATING DEPT./DIV.: <br />Administration <br />Revenue Sharing - Proposed Use <br />,!AEETING 7/12/82 <br />DATE: mnnmmmft� <br />In compliance with Federal Revenue Sharing guid-elines, recipients of <br />Revenue Sharing funds must hold a Proposed Use'Hearing prior to the <br />time the annual budget is presented to the governing body. The <br />ff-lurpose of this hearing is to provide an opportunity for cit"zens <br />to comment on or suggest possible uses for these funds. <br />Notice of the hearing has been placed'in appropriate publications. <br />It is estimated the City will receive $180,000 relating to 1983 <br />calendar year (Entitlement Period 14). In addition., there is <br />approximately $20,000 as a result of interest earnings on revenue <br />sharing funds from previous years. <br />It is recommended that use of Revenue Sharing funds be restricted to <br />capital items or improvements t expenses as it has been <br />in past years. Staff review of specc items is now 'in, progress, <br />No action is ne-cessary. <br />5 <br />................................... <br />
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