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Minutes of a Special Meeting <br /> g <br /> June 7, 2001 <br /> Town of Los Altos Hills <br /> City Council Special Meeting <br /> Thursday, June 7, 2001, 5:00 P.M. <br /> Council Chambers, 26379 Fremont Road <br /> 1. CALL TO ORDER: <br /> Mayor Finn called the Special Meeting of the City Council to order at 5:05 <br /> p.m. <br /> Present: Mayor Finn and Councilmembers Casey, Cheng, <br /> Fenwick and O'Malley <br /> Absent: None <br /> Staff: City Manager Maureen Cassingham, Planning Director <br /> Carl Cahill, Public Works Manager Jim Rasp, Finance <br /> Director Carol Ferrell and City Clerk Pat Dowd <br /> Press: Liz Cloutman, Los Altos Town Crier <br /> 2. STUDY SESSION—FY 2001-02 PROPOSED BUDGET <br /> The Finance Director presented an overview of the proposed budget for Fiscal <br /> Year 2001-02. She referred to the financial highlights of the year 2000-01 <br /> which included recruitment and retention of quality staff, efforts to provide <br /> effective delivery of municipal services; and preservation of the Town's <br /> infrastructure. It was noted in the report that total governmental revenues for <br /> the fiscal year 2001-02 were projected at$4.92 million, a 3.3 % decline from <br /> the fiscal year 2000-01 adjusted budget. In part the Town's property transfer <br /> tax revenues were expected to be off 31% and declines were projected in <br /> almost every revenue category. In addition revenues from permits and licenses, <br /> development applications, franchise fees and governmental revenues were <br /> projected to fall in the coming year. Total operating expenses for the General <br /> Fund were projected to be close to $4 million. This represented a slight percent <br /> decrease over the 2000-01 adjusted budget but a$567,000 (16.7%) increase <br /> over the estimated actual expenses for 2000-01. Budgets for salaries and <br /> benefits were a significant factor as well as the recruitment efforts for staff. <br /> The proposed budget also included professional service and consultant <br /> contracts in several areas as well as repair/replacement in the area of sewer <br /> infrastructure. <br /> June 7, 2001 <br /> Special City Council Meeting <br /> 1 <br />