HomeMy WebLinkAboutNovember 29, 1993 COW COMMITTEE OF THE WHOLE MEETING
NOVEMBER 29, 1993
The special Committee of the Whole/Budget meeting was called to
order by Mayor VanDeVoorde at 4 : 30 p.m. in the Council
Conference Room. Present: Councilmembers Fox, Popple, Schock,
Walters, Yearman, and Mayor VanDeVoorde. Absent: Councilmember
Gilliam.
Discussion of 1994 City of Elqin Budqet
Interim City Manager Malm presented an overview of the Special
Revenue Funds. Public Works Director Kristiansen reviewed the
Motor Fuel Tax Fund and Finance Director- Nowicki reviewed the
Corporate Bond Fund, Revolving Fund, and Pension Funds (Volume
II of the proposed budget. Assistant to City Manager Pearson
presented an overview of the Capital Improvement Funds and
potential 1994 Capital Bond projects.
Finance Director Nowicki presented information regarding a Home
Rule sales tax, utility tax, and the results of a survey of
neighboring communities ' tax revenues for Council ' s
consideration as a means to generate additional revenue.
Mayor VanDeVoorde complimented Interim City Manager Malm on the
presentation of the budget, and Interim City Manager Malm
thanked staff for their help in preparing the budget.
The Council agreed to schedule additional budget meetings for
Monday, December 6, 1993, at 4 :30 p.m. , and Wednesday, December
8, 1993, at 4 : 30 p.m. to finalize revenues, expenditures, and
capital program.
Adjournment
Councilwoman Popple made a motion, seconded by Councilman Fox,
to adjourn the meeting. Yeas : Councilmembers Fox, Popple,
Schock, Walters, Yearman, and Mayor VanDeVoorde. Nays : None.
The meeting adjourned at 6 :00 p.m.
December 15, 1993
ellyn Iksch, Deputy City Clerk Date Approved