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