CC_Minutes_2012_1015 - Laserfiche WebLink

Home

Regular City Council Meeting Monday, October 15, 2012 Page 13 Mayor Roe clarified the restricted uses of those Communication Funds (e.g. cameras in City Hall, soundboards) and operational costs for the City's newslet- ter and website. Mr. Miller concurred with Mayor Roe, noting that the City should correlate those future needs with the twenty (20) year CIP to determine if the CIP was adequately funded or not. At the request of Councilmember Pust, Mr. Miller confirmed that staff could be funded from the Communication Fund as long as they were performing com- munication-related work, no matter which department. Regarding the License Center, Mr. Miller advised that reserves were in a strong financial position at this time; however, Mr. Miller noted that the intent was to keep the reserve level strong in anticipation of the potential future plan to house the License Center in a city-owned facility, requiring funds to construct such a facility or portion thereof; and when that occurred, those reserves would drop significantly. Regarding the Water Fund, Mayor Roe noted that there was no reserve in place right now, and advised that, based on his discussions with Mr. Miller, he would address how the Water Fund related to the CIP in his presentation later tonight. At this point, Mayor Roe noted that the intended transfer of funds into the Water Fund based on actions taken last year, had not happened to-date. Mr. Miller concurred, noting that evaluation is ongoing as to whether to transfer funds from the Storm Sewer Fund to the Water Fund to boost the bottom line. Mayor Roe noted that this was dependent on final costs yet to be determined for some projects, and also on whether capital project costs in the Water Fund would provide a better idea of how to get that fund back into the black. Mayor Roe noted that the Water Fund as an Enterprise Fund indicated the need to seg- regate capital funding from operating funds; and asked Mr. Miller if a subfund underneath that broader fund could be created. Mr. Miller responded affirmatively, if a cash flow could be equalized for monthly operational needs, and the rest designated for capital needs; opining that such an effort should not prove too onerous. Mayor Roe suggested future budget cycles (2014/2015) consider such a desig- nation. Regarding Recycling, Councilmember Willmus sought clarification as to why there was a reserve fund for recycling, since the City's monthly rate for residen-