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HomeMy WebLinkAbout1994-06-29 Special Meeting ; ' � AGENDA CITY OF GRAPEVINE, TEXAS � SPECIAL CITY COUNCIL MEETING WORKSHOP WEDNESDAY, JUNE 29, 1994 AT 7:00 P.M. TRAINING ROOM CENTRAL FIRE STATION ` 601 BOYD DRIVE f CALL TO ORDER 1 . City Council to conduct a workshop relative to the 1994-95 budget and take any necessary action. � � ADJOURNMENT � IF YOU PLAN TO ATTEND THIS PUBLIC MEETING AND YOU HAVE A DISABILITY THAT REQUIRES SPECIAL ARRANGEMENTS AT THE MEETING, PLEASE CONTACT THE CITY SECRETARY'S OFFICE AT (817) 481-0392. REASONABLE ACCOMMODATIONS WILL BE MADE TO ASSIST YOUR NEEDS. IN ACCORDANCE WITH TEXAS GOVERNMENT CODE, CHAPTER 551 .001 et seq, ACTS OF THE 1993 TEXAS LEGISLATURE, THE SPECIAL CITY COUNCIL MEETING WORKSHOP AGENDA WAS PREPARED AND POSTED ON THIS THE 24TH DAY OF JUNE, 1994 AT 5:00 P.M. 1�_ J C. Brown Assistant City Secretary d f � STATE OF TEXAS ' COUNTY OFTARRANT CITY OF GRAPEVINE The City Council of the City of Grapevine, Texas met in Special Workshop Session on ; this the 29th day of June, 1994 at 7:00 p.m. at the Central Fire Station Training Room, 601 Boyd Drive, with the following members present to-wit: William D. Tate Mayor Ted R. Ware Mayor Pro Tem C. Shane Wilbanks Council Member Gil Traverse Council Member Jerry L. Pittman Council Member constituting a quorum, with Council Member Sharron Spencer and Council Member ' Will Wickman absent, with the following members of the City Staff: , Trent Petty City Manager Linda Huff City Secretary Larry Koonce Finance Director ' Camelia Browder Assistant Finance Director David Tesmer Assistant to City Manager CALL TO ORDER Mayor Tate called the workshop to order at 7:10 p.m. ITEM 1 . BUDGET WORKSHOP. FISCAL YEAR 1995 City Manager Trent Petty presented the proposed budget for Fiscal Year 1995 noting the budget represents a continuing commitment to prudent fiscal management while further enhancing services to meet the growing needs of the community. He stated the budget reflects a continuation of the City's current tax rate of 5.425 per S 100.00 valuation. Assistant Finance Director Camelia Browder presented an overview of the proposed Internal Capital Lease Fund of S 1,700,000.00 (transferred from the fund balance) which will allow the City to internally finance capital items approved by the Council. By using general fund balance to create the fund, the City earns more on its money than simply investing it by collecting interest fees from the operations budgets in excess of what could be realized in the regular investment plan, yet saving the operations budget's money by leasing at a lower rate than available in the private ' sector. 06/29/94 Presentation of the budget continued with City Manager Petty briefly reviewing the , following funds: Enterprise, Utility, Debt Service, Convention & Visitors Bureau, Lake Enterprise, Insurance, Fleet and Heritage Foundation. The Capital Projects and Permanent Capital Maintenance Funds were also reviewed. It was the consensus of the City Council to complete the budget workshop with review of the General Fund. City Manager Petty reviewed the two areas of major emphasis in the proposed budget: youth activities and services, and the continued commitment to streamline operations and provide necessary services without a tax increase. A Teen Court has been proposed as well as additional Parks & Recreation programs to include more youth activities, junior golf programs, and summer hiring of youth for the Parks and Streets Departments to give local youth the opportunity to earn extra money and learn the importance of seeking and maintaining employment. During review of the General Fund, City Manager Petty reported the budget includes funding for a pay plan adjustment to bring employees to the fiftieth percentile market salary level at a cost of five percent (5%) of the total increase in salary expense and proposes a three percent (3%) merit increase to keep those salaries from falling below the fiftieth percentile during the year. The cost of the merit increase in the General ` Fund is 1 .38% of the total increase. He stated increases in insurance cost would be borne 100% by the employees. He noted the proposed General Fund budget revenues are S 18,679,759.00 with proposed expenditures of $17,537,047.00 which results in revenues exceeding expenditures by S959,168.00. He stated that with the proposed increase service levels, Staff projects a contribution to fund balance in excess of 5600,000.00. Following Mr. Petty's budget presentation, it was the consensus of the City Council to cancel the budget workshop scheduled for Thursday, June 30. Mayor Tate expressed appreciation to Mr. Petty and City Staff by stating the budget presented was well prepared and represented a good balance of services to the community and benefits to the employees. There was no formal action taken by the City Council. ADJOURNMENT Mayor Pro Tem Ware, seconded by Council Member Pittman, offered a motion to adjourn the meeting at 8:25 p.m. The motion prevailed by the following vote: Ayes : Tate, Ware, Wilbanks, Traverse & Pittman Nays : None Absent : Spencer & Wickman s 2 06/29/94 PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the �9th day of �u�y , 1994. APPROVED: .-- William D. Tate ' Mayor ' ATTEST: Lin Huff ' City Secretary 3