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HomeMy WebLinkAbout1992 11-02 FCMMINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION OF THE CITY OF BROOKLYN CENTER NOVEMBER 2, 1992 COUNCIL CHAMBERS CITY HALL CALL TO ORDER Chair Denis Kelly called the meeting to order at 7 p.m. in the Brooklyn Center City Council Chambers. ROLL CALL Present at roll call were Chair Denis Kelly, and Commissioners Donn Escher, Pat Boran, Vi Kanatz, and Ron Christensen. Members excused for absence were Gregg Peppin and Ulyssess Boyd. Others present: City Manager Gerald Splinter, Finance Director Paul Holmlund, and Public Works Coordinator Diane Spector. APPROVAL OF MINUTES - OCTOBER 19. 1992 There was a motion by Boran and seconded by Kelly to approve the minutes of the October 19, 1992, Financial Commission as submitted. The motion passed unanimously. PROPOSED 1993 ANNUAL BUDGET Finance Director Holmlund presented the summary detail of the 1993 Budget. PROPOSED 1993 CAPITAL IMPROVEMENTS FIVE YEAR PROGRAM Public Works Coordinator Diane Spector presented the Capital Improvement Fund Program. OTHER DISCUSSION City Manager Splinter discussed and distributed a copy of the 1993 Budget public hearing schedule. Members of the commission discussed the trend of increased funding for public safety compared to other municipal services. They also discussed the philosophy of using expenditure cuts in the prioritization process versus property tax increases. They discussed the ramification of increasing the tax levy to cover the potential of a $600,00 LGA shortfall. ADJOURNMENT Chair adjourned the meeting at 9:33 p.m. and reminded Commissioners of the November 9, 1992, commission meeting. 11-2-92 -1-