HomeMy WebLinkAbout1992 11-09 FCM(EEEFCM) MINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
OF THE CITY OF BROOKLYN CENTER
November 9, 1992
CONFERENCE ROOM B
CITY HALL
CALL TO ORDER
Chair Donn Escher called the meeting to order at 7:07 p.m. in the Brooklyn
Center City Hall, Conference Room B.
ROLL CALL
Present at roll call were Chair Donn Escher, Commissioners Pat Boran, Ulyssess
Boyd, Ron Christensen, Vi Kanatz, Denis Kelly, and Gregg Peppin. Also present
was Finance Director Paul Holmlund.
1993 ANNUAL CITY BUDGET RECOMMENDATIONS
Chairman Escher explained that tonight's special meeting had been called for the
purpose of making recommendations concerning the 1993 budget to be forwarded to
the City Council prior to the November 16 joint budget meeting with the City
Council.
The Commission discussed the November 2 presentation by the Director of Finance
of the 1993 proposed budget. After the discussion, the Commission suggested that
the following additions be made to the budget presentation:
1. A visual which would show the difference between the BOX gross
property tax levy increase and the 8.62% net property tax increase
to property owners after adjusting for HACA.
2. A visual which would show the reason for the need for a property tax
increase although the total budget appropriations had decreased.
3. Avisual which would show that, although the General Fund budget
increased by $145,419 (1.39%), a provision for employee salary and
benefit increases in the amount of $234,974 accounted for all the
increase. Other operating and capital outlay appropriations were
actually decreased.
After further discussion, the Commission directed the following recommendations
to the City Council concerning the proposed budget:
1. The Commission supports the property tax increase contained in the
proposed 1993 budget because of the need to maintain an adequate
fund balance and the possibility of the return of levy limits in
1994.
2. The Commission reommends that the City Manager be requested to
suggest further expenditure reductions in the amount of $75,000.
3. The Commission recommends that any savings from-further expenditure
reductions be added to the Contingency account.
ADJOURNMENT
The meeting adjourned at 9:15 p.m.