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03-14-1994 - Special Meeting - Minutes0 AD M I N U T E S SPECIAL MEETING WEST COVINA CITY COUNCIL March 14, 1994 The special meeting of the West Covina City Council was called to order by Mayor Jennings at 6:10 pm in the Management Resource Center at City Hall, 1444 W. Garvey Avenue, West Covina. ROLL CALL Mayor Jennings, Mayor Pro Tem Wong, Councilmembers Herfert, Manners, McFadden Others Present: Starbird, Wylie, Thomas, Koniarsky, Panas, Holler, Orr, Samaniego, Collier, Keating, Greene, Ure, Glover; Distelrath, Salazar, Jones, Miller ORAL COMMUNICATIONS No comments offered. FISCAL YEAR 93/94 BUDGET UPDATE AND FISCAL YEAR 94/95 ASSUMPTIONS Presentations Various components of the budget discussions were led by City Manager Starbird, Assistant City Manager Wylie, City Controller Panas, and Public Works Director Thomas. Staff presented an overview of the current budget status, including a net operating shortfall of approximately $853,000.06, with strategies to balance the budget. In addition, staff presented a forecast of the FY 94/95 budget and requested direction on closing an estimated $2.3 million revenue gap. Council Direction Councilmember Herfert felt that the budgetary strategies for FY 93/94 as listed in the staff report were okay and those listed for FY 94/95 were acceptable for the time being. Councilmember McFadden emphasized the need to impose a tax on the power generator at BKK and to increase the BKK business license tax from 10% to 15%. Any increases to the assessment districts should be kept to a minimum. Mayor Pro Tem Wong was satisfied with the listings compiled by staff for both fiscal years. He was opposed to taking further funds out of Redevelopment and opposed to tapping the reserves. Councilmember Manners concurred with Mayor Pro Tem Wong's statements. Mayor Jennings agreed too. He stated that he was opposed to any tax increases; although an increase to the citywide maintenance district might be necessary. He also urged caution with the implementation of the MSI study recommendations. Motion by Herfert, seconded by McFadden, and unanimously carried to approve the following recommendations made by staff: A) That the program for balancing the 93/94 budget as recommended by staff be approved. City Council Minutes of 3/14/94 0 ATTEST: City Clerk Janet erry ., B) That the program for closing the 94/95 shortfall as recommended by staff be incorporated in the 94/95 Preliminary Budget when presented to the City Council for consideration. C) That the City Manager be directed to continue to evaluate the "Needs Further Evaluation" list of budget alternatives for recommendation to the City Council during the 94/95 budget process. D) That the City Manager be directed to continue to evaluate the components of the Long - Range Strategic Financial Plan for recommendation to the City Council during the 94/95 budget process. Motion by McFadden, seconded by Jennings, and unanimously carried to adjourn the meeting at 9:40 pm.