 |
CITY MANAGER’S OFFICE
WEEKLY MEMORANDUM
TO: Mayor Rines, Councilors and Department Heads
FROM: Jeffrey Kobrock, City Manager
DATE: July 2, 2004
RE: Weekly Memo
Meetings for the Week of July 5, 2004
Holiday Mon., July 5, City Hall Closed
City Council Meeting Thurs., July 8, 7:00 pm, City Hall
FY 05 Budget
In the packet is an updated budget. We have ended the FY 04 fiscal year and preliminary numbers for that year reflect that this FY 05 budget is a strong document. Both the revenue and expense side projections withstand the scrutiny of comparison with actual figures for FY 04. Therefore, I have not made any substantial changes to the budget based on these year-end figures. Oftentimes we need to make adjustments, particularly to the revenue side, at this stage in the process but I feel the FY 05 budget remains a strong document. The “year to date” column has been updated with the latest figures.
As we discussed during budget workshops Department 228 Fire Stations has been increased $4,000 to replace the failed boiler in the South Gardiner Fire Station. We also discussed Quimby Field during workshops and since then a group has come forward with a plan and request for assistance; Department 542 Parks Maintenance reflects a $3,000 increase in response to this request.
I suggest that we proceed with our scheduled first reading of the budget. Between the first and second reading (scheduled for July 22) I anticipate receiving total valuation figures for this year, which will provide the final piece of the puzzle. Based on those valuation numbers we may (or may not) need to adjust the budget for the second reading.
In this packet
Resolution 04-28, Appropriations & Direction City Services
Resolution 04-29, Enterprise Accounts
| |
