HomeMy WebLinkAbout2001-01-04 Council minutes City of Iowa City
M MORANDUM
Date:January 17, 2001
To: Mayor and City Council
From: Marian K. Karr, City Clerk
Re: Budget Work Session, January 4, 2001, 8:30 a.m. in Council Chambers
Staff: Atkins, O'Malley, Mansfield, Herting, Karr
Tapes: 01-01 & 01-02, Both Sides
A complete transcription, and overheads used, are available in the City Clerks office.
Budqet Review
City Manager Atkins presented the FY2002-2004 budget review. The City Manager
reviewed policies that affect operations and the capital plan; provided a summary of
general fund expenditures and revenues; explained how the state's tax rollback factor is
used; debt service tax rates; outlined the State emergency levy; and reported on
enterprise funds. Finance Director O'Malley and Budget Analyst Mansfield available for
discussion.
City Council Members requested the following information:
· List of FY00 Contingency Uses
· List of Abatements/TIF Properties
· Reserve Funds - Interest Rate
· Reserve Funds - Internal Loan Repayment Schedule
· Reserve Funds - List of Balances and Description of Funds
· County and School Current Tax Rates
· JCCOG report re how high parking rates could be increased before a usage decease
· General Fund transfer in due to loss of Iowa Avenue Parking Meters
Transit: Proposing ending the transit shuttle in the summer and add the extra hours to
other routes. The east loop would be changed in frequency to match the west'loop.
Near Southside Transportation Center: The City would have to finance the City share
from either cash or GO debt. No income from the facility can be used to pay the City's
commitment, all must go toward operational costs and the transit fund.
Solid Waste: Researching automatic lifts for collection, and the possibility of bringing
commercial retail into the City's mandatory system.
Landfill: Possible inclusion of the furniture project and salvage barn.
Stormwater: Federal regulations require the City come up with a formula to be applied
per property per impervious surface. Options will be presented at a later time.
BudgetWork Session
January 4,2001
Page 2
Major Budeet Reductions Handout: The City Manager distributed a list of items
requested but not funded in the upcoming budget.
Budclet Questions Handout: The City Manager stated the list of items will be discussed
in detail at upcoming budget sessions.
Council agreed to the following schedule:
January 22
Summary of debt service, capital financing, and capital projects from 02-05
January 23
Boards and Commissions, organizations funding requests
January 30
Open
Council Member Kanner requested that a Family Resource Center discussion be
scheduled for an upcoming work session. Majority agreed.
Meeting adjourned 11:45 a.m.