1998-04-21
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MINUTES OF SPECIAL JOINT MEETING OF CARD 'F SANITATION
DISTRICT, SAN DIEGUITO WATER DISTRICT AN ENCINITAS
CITY COUNCIL, APRIL 21, 1998, 6:00 P.M, 505 SOUr, VULCAN A VENUE
CALL TO ORDERIROLL CALL
Since this was a joint special meeting, Board Member Lou Aspell chair d the meeting and called
the meeting to order at 6:04 P.M.
Present:
Board Members Lou Aspell, James Bond, Sheila Camer , John Davis and Chuck
Du Vivier.
Absent:
None.
Also
Present:
Board Manager Wasserman, Assistant Board Manage Benson, Community
Services Director Wigginton, Public Works Directo Nelson, Community
Development Director Holder, Financial Services Manage SueIter, Budget Officer
Hill, Management Analyst Lundgren, Management Analys Phillips, Deputy Board
Clerk Greene.
.
There being a quorum present, the meeting was in order.
PLEDGE OF ALLEGIANCE
AGENDA ITEM
Jl.
First Work Session - Introduction of FY 1998-99 Annual Bud
Contact Person: Budeet Officer Hill.
Budget Officer Hill stated that each year staff presented a proposed bud et for discussion and
review. Ms. Hill said that after this meeting, staff would make any Co il suggested changes,
continue to edit verbiage of the final budget document, and return with any endments to Council
on May 20, 1998.
Ms. Hill stated the coming year was anticipated to be one in which the ity and its subsidiary
districts continued to benefit ITom past conservative fiscal policies as well as ew revenue growth.
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She continued, stating that general fund revenues were projected to in Tease $1,488,685 to
$27,034.393. The increase of 5.82% was attributed to a number of factor including continued
statewide economic growth and new development in the City. The anticipate revenues exceed the
proposed operating budget of $23,358.742 by $3,675.651. General Fund exp ditures were up by a
7.17% increase and nearly 50% of that increase was the projected increase in he Sheriff's contract.
The remaining portion of the increase was from new programs.
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04/21/98 CSD Joint Special Meeting
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Revenues for most City funds were expected to increase during the year. Investment earnings were
expected to increase in the overall portfolio. Return on investment was xpected to decline to 5.8%
úom 5.9% in Fiscal Year 1997-98, due to expectations oflower interest tes.
The staff recommendation was to provide staff direction for any changes 0 the proposed budget for
discussion at the May 20, 1998 joint meeting when staff would be pres nting the updated Capital
Improvement Program, Five- Year Financial Plan, New Programs, and F seal Year 1998-99 annual
budget.
Ms. Hill reviewed the draft budget document in detail, and answered Co cil questions relating to
that document.
There was staff direction as follows:
Financial Services Manager Suelter to provide interest rate Ci
Board Member Cameron.
is paying on bonds to
Provide Encinitas Ranch Golf Authority (ERGA), audit to Board Members and
periodic ERGA financial information.
.
Provide plan on how to proceed with funding for the Encinitas anitary District site.
There was Board consensus to earmark $25,000 from the 1998/99 b dget towards graffiti
removal.
ORAL COMMUNICATIONS:
None.
ADJOURNMENT
Board Member Aspell declared the meeting adjourned at 7:29 P.M.
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or Cervone, Board Clerk
By: Kathy Greene,
Deputy Board Clerk
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