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03-02-1981 - Regular Meeting - MinutesMINUTES ADJOURNEn REGULAR MEETING CITY COUNCIL OF THE CITY OF !TEST cnvINA March 2, 1981 The adjourned regular meeting of the City Council of !Test Covina was called to order by Mayor Shearer at 6:35 p.m. in the City Manager's Conference Room of the City Hall, 1444 11. Garvev Avenue, West Covina, California. The Pledge of Allegiance was led by Councilman Chappell. ROLL CALL Present: :,Mayor Shearer, Mayor Pro Tem Tice,.Councilmembers Bacon, Tennant, Chappell Others Present: 'Fast, Eliot, Koniarsky BUDGET OVERVIEW PRESENTATION, City Manager Fast presented.an overview of the up- comina fiscal year 81-82 budget. The current council- approyed Fiscal. Policy Plan was reviewed. On pre- l.iminary review, the predicted 're.ve.nue is.,�T9.2 .-million, which'is an overall increase of 9% but only 3% increase of general fund. The revenue pre- diction assumes:,$800,000 less in state subventions and continuation.of RKK franchise fees. eery preliminary review of operating budget requirements ranges from-.�.20.4 million to $22.7 million, which is.a 120/10�to 24% increase over current year. The • City Manager discussed alternatives for addressing 'the shortfall, which included adjusting levels of service downward, revising the Fiscal Policy Plan, searching for new revenues, such as a public safety benefit assessment district and new fees and charges. The City !tanager strongly recommended that existing revenues be protected as much as possible, and that city redevelopment continue to be aaaressively pur- s.ued to improve the tax base. COUNCIL DISCUSSION Council discussion ensued relative to assumptions of. revenue estimates, overall service demands.and poli- cies for closing the gap between revenues and expen- ditures. The Council consensus and instruction to the City Manaaer for purposes of budget preparation was to revise the Fiscal Policy Plan to balance the budget within the existing service levels or even a bit tighter, and to set aside consideration of public safety benefit assessment district authority until such time as all unallocated resources,not including prudent contingencies, are exhausted. ADJO!IRd^'ECdT Motion by Tice, seconded by.Tennant, and unanimously carried to adjourn the meeting at 8:20 p.m. �?AYOR CH STER SHEARER ATTEST: ,k6. "'411 ITY. CLERK HELENE M. MOONE