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Minutes of an <br /> ,,`, Adjourned Regular Meeting <br /> October 21, 1992 <br /> Town of Los Altos Hills <br /> City Council Meeting <br /> Wednesday, October 21, 1992,5:00 p.m. <br /> Council Chambers, 26379 Fremont Road <br /> 1. CALL TO ORDER, ROLL CALL, AND PLEDGE OF :ALLEGIANCE <br /> Mayor Tryon called the Adjourned Regular Meeting of the City Council to order at <br /> 5:00 p.m. in the Council Chambers at Town Hall. <br /> Present: Mayor Tryon and Councilmembers Dauber,Hubbard, and Johnson <br /> Absent: Councilmember Siegel <br /> Staff: City Manager Les Jones,II, Town Planner Linda Niles, <br /> Director of Public Works Jeff Peterson, <br /> Louise Parmett,Finance Officer,Janice Bohman, Finance Consultant <br /> Press: None <br /> 2. FY 92-93 BUDGET UPDATE <br /> City Manager reviewed the October budget update. He said that the direct <br /> impact to the Town as a result of the adoption of the State budget was a <br /> reduction of$45,000 in property tax revenue and$3,600 in cigarette tax <br /> revenue. Replying to an inquiry from Dauber, he said that carry-overs <br /> did not include income, but that income was rescheduled for the <br /> next year. <br /> Dauber suggested that a number be assigned to each line of a budget which <br /> would include the year of approval. <br /> City Manager told the Council that staff had held off on hiring because of the <br /> commitment of funds and that he took responsibility for having made <br /> that decision. <br /> OCTOBER 21, 1992 -1- <br />