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06-10-1992 - Regular Meeting - MinutesM I N U T E S ADJOURNED REGULAR MEETING WEST COVINA CITY COUNCIL June 10, 1992 The adjourned regular meeting of the West Covina City Council was called to order at 6:00 pm by Mayor Manners in the Management Resource Center, Room 314 at City Hall, 1444 W. Garvey Avenue. The Pledge of Allegiance was led by Councilmember Herfert. ROLL CALL Mayor Manners, Mayor Pro Tem Jennings, Councilmembers Herfert, McFadden, Wong Others Present: Starbird, Wylie, Thomas, Miller, Koniarsky, Holmes, Wolff, Schieldge, Cheramie, Paiker, Jones, Collier, Orr, Panas, Holler, Mayer, Hendrix, Glover, Ure, Salazar, Gardner, Myrick, Hoppe, Berry I PRESENTATION FROM WEST COVINA CHAMBER OF COMMERCE EXECUTIVE COMMITTEE Chamber of Commerce President Dave Hill reported on the past year's accomplishments: Summer Concert Series, Business EXPO, Marketing Consultant (with help from the City), Farmers' Market. Discussion ensued between both bodies regarding these items and others that would advantage the small business owners. At 6:45 pm the Executive Committee of the West Covina Chamber of Commerce departed. BUDGET'STUDY SESSION • AT).TnTTRNMFNT City Manager Starbird's introductory remarks reviewed xc budget work done since the last budget session and outlined' tonight's agenda, including: reductions effecting service and the state's letter regarding subventions. He referred to the staff report attachments noting that the projected General Fund deficit is estimated at $2,254,000; the estimated decline in projected property tax is $133,000; and the gas tax deficit is estimated at $327,000. The total projected deficit for the upcoming budget is $2,714,000. City Manager continued his presentation with a discussion on staff's plan to balance the budget. Even with this plan.and the assumptions made to help balance the budget, it is still dependent upon the state legislature's action in balancing the state's budget. Partrof'_the plan,to balance the budget included program reductions by each department. These were prioritized into four levels of severity. The first three levels amounting to $919,110 will be implemented to balance the FY 92/93 budget. If the state'legislature imposes further cuts to municipalities, level four may need to be con- sidered. Mayor Manners stated that the City's reserves should only be used as a last resort. Staff was directed to proceed with reducing the budget by utilizing the first three levels. Motion by Herfert, seconded by Wong, and unanimously carried to adjourn the meeting at 10:30 pm to 6:30 pm on Tuesday, June 16, 1992, for a closed session. CITY COUNCIL MINUTES L� ATTEST: City Clerk Janet Ber y • June 10, 1992 Page Two e Mayor Nanc Manners - 2 -