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03-25-1992 - Regular Meeting - Minutes• 0 M I N U T E S ADJOURNED REGULAR MEETING WEST COVINA CITY COUNCIL March 25, 1992 The adjourned regular meeting of the West Covina City Council was called to order by Mayor Jennings at 5:37 pm in the Management Resource Center at City Hall, 1444 W. Garvey Avenue, West Covina. ROLL CALL Mayor Jennings, Mayor. Pro Tem Herfert, Councilmembers Manners, McFadden Others Present: Starbird, Orr, Hanna, Wylie, Thomas, Panas, Miller, Koniarsky, Holler, Wolff, Haley, Glover, Salazar, Keating, McClelland, Tucker, Brown ORAL COMMUNICATIONS No comments offered. I CLOSED SESSION Mayor Jennings recessed the City Council meeting at 5:40 pm for the,purpose of conducting a closed session in compliance with Government Code Section 54956.9(b). The City Council reconvened at 7:25 pm. II FY 1991/92 MID -YEAR 'BUDGET REPORT City Manager Starbird elaborated on the staff report, responding to questions and comments of the Council. Motion by Herfert, seconded by Manners,,and unanimously carried to approve the utilization of a combination of budget reductions ($497,940), a portion of the salary reserve savings ($65,000), applied credit from Civic Center Authority Lease ($438,500), and the growth in BKK revenues over and above the budget estimate ($50,000) to balance the City's FY 1991/92 Budget: III FY 1992193 BUDGET PROCESS City Manager Starbird elaborated on the staff reportregardingthe antici- pated budgetary process for the upcoming fiscal year. Council consensus was to try to schedule Council budget sessions consistent with those recommended in the staff report. ADJOURNMENT Motion by Herfert, seconded by McFadden, and unanimously carried to adjourn the meeting at 9:25 pm to Friday, March 27, 1992 at 12:00 noon in the City Manager's Conference Room. City Clerk Janet Berry/ C��c.v "s�'s cir2-ut�4 Mayor Ri ` d Jennings/