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Home My WebLink About2008-01-07 Council minutes~~.r®d1 :rill '' ~~~,,~ .. ~~,~~ Date: January 17, 2008 CITY OF IOWA CITY MEMORANDUM To: Mayor and City Council From: Marian K. Karr, City Clerk Re: Council Budget Work Session, January 7, 2008, 6:30 PM in Emma J. Harvat Hall Council: Bailey, Champion, Correia, Hayek, O'Donnell, Wilburn, Wright UISG Rep: Volland Staff: Helling, O'Malley, Mansfield, Lewis, Karr (A complete transcription and materials distributed are available in the City Clerk's Office) BUDGET OVERVIEW Interim City Manager Helling and Finance Director O'Malley presented the FY09-11 budget overview; reviewed expenses and revenue sources; joint communication center; rollback history; taxable assessed values; general fund balance policy; cash reserve policy; and tax rates. Council requested information on: 1. legislation re the reclassification of apartments, nursing homes, etc., including bill number, how far it got last year, who's lobbying for and against, and what committee it has been assigned too this session 2. public safety presentations be scheduled for the January 14 budget session, and copies of the October memo re police staffing be redistributed 3. residential property taxes received by the City over last ten years, average increase versus inflation 4. updated TIF revenues schedule 5. actual versus budgeted reserve funds Staff responded to questions raised in the email from Council Member Correia distributed that evening. HANDOUTS DISTRIBUTED/OVERHEADS o Email from Council Member Correia to ICM Helling and Finance Director O'Malley with budget questions o Comprehensive Annual Financial Report and management letter o Reclassification of Apartments, Nursing Homes, Independent Living Facilities and Mobile Homes o Discretionary Spending/Revenue o Copies of 30 overheads used in ICM Helling presentation Council Work Session January 7, 2008 Page 2 Misc. handouts: Revised January 8 work session agenda/schedule Karen Kubby email regarding City Manager Search (January 8 agenda item) Meeting adjourned 9:35 PM.