My WebLink
|
Help
|
About
|
Sign Out
Home
CC_Minutes_2005_0523
Roseville
>
City Council
>
City Council Meeting Minutes
>
200x
>
2005
>
CC_Minutes_2005_0523
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 9:26:20 AM
Creation date
6/30/2005 4:23:27 PM
Metadata
Fields
Template:
Roseville City Council
Document Type
Council Minutes
Meeting Date
5/23/2005
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
47
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />City Council Regular Meeting - OS/23/05 <br />Minutes - Page 18 <br /> <br />the General Fund Budget, the budget and comparisons to <br />actual results for 2004 related to revenue, expenditures, <br />transfers and balance funds. Mr. Viere reviewed <br />performance, their Management Letter and <br />recommendation; additional analysis, historical perspective <br />and projected future trends; General Fund condition and <br />fund balance at a five-year low, but within state guidelines; <br />five-year tax capacity rates related to tax levies and <br />reductions in property tax rates. <br /> <br />Councilmembers asked questions and commented during <br />the presentation. <br /> <br />Discussion included loss of State Aid; Park Maintenance <br />and Park Infrastructure Fund and transfers not within the <br />scope of the General Fund; and an explanation of Capital <br />Outlay. <br /> <br />Mr. Viere reviewed the City's respective Enterprise Funds, <br />their revenues, expenses and asset equity comparisons over <br />the last five years. <br /> <br />Discussion specifically related to the Enterprise Funds <br />included trends, and upcoming operational and cash. flow <br />challenges in the Water Fund; Solid Waste Recycling and <br />Golf Course Funds. <br /> <br />Further discussion included definition and review of the <br />Tax Reduction Fund as established in 1998 as an <br />endowment fund, with interest earnings transferred to the <br />General Fund to alleviate pressure on the tax levy. <br /> <br />As prompted by Council questions and comments, Mr. <br />Viere and Mr. Miller reviewed cash flow management and <br />interest earnings from a short and long-term investment <br />perspective; policy and legal restrictions on municipal <br />investments; and budget implications from the loss of State <br />Aid, property tax reductions due to market value revisions, <br />and underperformance of interest income. <br /> <br />Mr. Viere apologized to Councilmembers for an <br />
The URL can be used to link to this page
Your browser does not support the video tag.