HomeMy WebLinkAboutCity Council Committees - Operations - 11/02/2012 Operations Committee Minutes
October 5, 2010
Page: 2
S. AUGUST 2010 FINANCIAL REPORT (INFORMATION ONLY)
Finance Director Bob Nachlinger provided a brief overview of the August 2010 Budget
Summary and budget revenue and expenditures comparison report. Overall, revenues
continue to hold up and anticipate an 8.9% fund balance at year end as opposed to the
budgeted 8.4%, anticipating being $300,000.00 better than budget per year end.
Revenues are running a little under budget in the following significant areas - utility taxes
and recreation fees. The reason being is a number of entries that should have been made in
July to transfer to the annexation budget where not made until August.
In regard to utility tax estimation, J Perry commented council would like to see us budget on
a mild year as opposed to a regular year. It seems more prudent.
ADDITIONAL ITEMS
L Thomas asked John Hodgson, Chief Administrative Officer, if he had anything to add. J
Hodgson approached the table to add that staff will be bringing the 2011 General Operating
Budget and all Special Funds to a special council meeting workshop next Tuesday, around
5:30 or 6:00. Following that, Council will have to determine additional times to meet in the
next two months for review and discussion. They will be off council workshop nights. Also
staff will walk through the 15-16 issues Council requested staff to look at back in May.
John was asked by L Thomas the status of the garage, which John replied by stating the city
now owns the building and a banner has been hung noting contact information. Ben Wolters
will provide more information during his report at Council tonight.
The meeting adjourned at 4:24 p.m. by L Thomas.
Pam Clark
Operations Committee Secretary