03-25-1992 - RegularWednesday
March 25, 1992
ADJOURNED REGULAR MEETING
OF THE
WEST COVINA CITY COUNCIL
A G E. N D A
5:30 pm
MRC Room 315
Agenda material is available for review in the City Clerk's Office at City Hall,
1444 W. Garvey Avenue. For sign language interpreter services at Council meetings,
please call (818) 814-8433 (voice) or (818) 960-4422 (TTY) 8 am to 5 pm Monday thru
Friday. Four working days notice is required.
PLEDGE OF ALLEGIANCE
ROLL 'CALL Jennings, Herfert, Manners, McFadden
I ORAL COMMUNICATIONS
i
II FY 1991/92 MID -YEAR BUDGET REPORT
Each year, the Finance Department reviews the mid -year status of
the City's budget. This review includes an update of the revenue
projections, a departmental review of expenditures, and recommen-
dations to Council necessary to maintain a balanced budget. Recom-
mendation is to approve the utilization of a combination of budget
reductions ($497,940), a portion of the salary reserve savings
($65,000), and 'the growth in BKK revenues over and above the budget
estimate ($450,000) to balance the City's FY 1991/92 Budget.
ACTION: Motion by
to approve disapprove
III FY 1992/93 BUDGET PROCESS
2nd by
hold over
Council will recieve a presentation from staff on the proposed time-
line for the preparation of the FY 1992/93 Budget and discuss the
level of review and involvement that Council desires to have through-
out the development of the FY 1992/93 Budget.
ACTION: Motion by
to
ADJOURNMENT
ACTION: Motion by
to adjourn the meeting at
2nd by
2nd by I certify that copies of the
Council Agenda for the meeting ?
pm. of o were Posted in
acco. ?P'nt vvitti the 1/87 Brown
Act Ainendanenta.
Dated: 5J�j��
Office of the City rk