HomeMy WebLinkAbout1997-06-03 Minutes numbered (2)City of Iowa City
MEMORANDUM
Date:
To:
From:
Re:
June 12, 1997
Mayor and City Council
Marian K. Karr, City Clerk
Council Work Session, June 3,1997 - 4:10 PM in Council Chambers
Mayor Naomi J. Novick presiding. Council present: Novick, Baker, Kubby, Lehman, Norton,
Thornberry, Vanderhoef. Staff present: Atkins, Helling, Dilkes, Karr, Franklin, O'Malley,
Mansfield, Craig, Eisenhofer. Tapes: 97-88, all; 97-89, Side 1.
CITY FINANCES
Reel 97-88, Side 1
City Manager Atkins presented the following an overview of city finances. Atkins and council
reviewed the following: General Fund Current Budget Plan FY98, 99, 2000; Nature of Issues;
Build A Budget Policy For the Future; No Increase In Revenues Reduce Expenditures; No
Increase In Revenues Planned Four-Year Reduction In Expenditures; Cash Balances As Part
Of Planned Four-Year Reduction In Expenditures (in 000s), and Increase Taxable Value.
Council requested the following information: monetary effect of a shift in the city's bond rating;
bond payoff schedule in next three years; operating and debt costs of new services (downtown
enhancements, community policing, library expansion, cultural center, airport improvements,
Near Southside, and Mercer Park).
Council directed staff to schedule another meeting and preparena discussion outline.
Meeting adjourned at 6:10 p.m.
clerk/cc0603ws,doc