05/19/1969 - Laserfiche WebLink

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UNSCHEDULED ITEM NO. 5: STAFF REPORTS cont -d.: City Manager: 2. Noted Ordinance No. 133, re Site Development, was being reviewed and would be agended before the Planning Commission for consideration of amend- ments in the near future. City Attorney noted the following 1. Revisions are needed to the Zoning and Subdivision Ordinances and that the Staff will present recommendations to the Planning Commission. 2. Brought to the Council's attention legislative consideration of eliminat- ing tax exempt status of Muncipal Bonds and recommended opposition if and when these considerations are finalized. 3. All easements for S.A.D. #2 have been obtained and final construction should be completed this week. 4. The last easement required for S.A.D. #5 had been settled within limits established by the Council. 5. Codification of Town ordinances is again proceeding, following completion of the Slope Density Ordinance, Site Development Ordinance, etc. and that the proposed codification will be presented in draft form to the Council for its review. UNSCHEDULED ITEM NO. 6: PUBLIC HEARIMG AND COUNCIL DISCUSSION OF FIRST DRAFT OF 1969-70 BUDGET. U 5 - City Manager reviewed Budget format and individual revenue and expenditure i•c items, noting the following: 1800 1. A Second Draft of the Proposed Budget will be prepared prior to the next Study Session that will include estimated revenue and expenditures for the 1968-69 Fiscal Year. 2. Estimated revenue for the 1969-70 Fiscal Year totals $606,472.00, includ- ing $222,816.00 of General Fund Revenue compared to approximately $207,000.00 General Fund Revenue this year. 3. Additional revenue appeared desirable for the areas of planning, police protection, and public works. 4. Possible additional revenue sources included (a) General Fund Reserves; City Manager recommended Reserves totalling approximately $93,000.00 be used only for unusual expenditures and that the amount of said expenditures not exceed 5-6% of the total General Fund ash Reserves. (b) Additional revenue accounts; City Manager noted the following accounts might yield additional revenue: property taxes, business licenses, vehicle code fines, Foothill College police contract. (c) New revenue accounts; noted possible considera- tion of licensing home occupations might generate $4,000.00 annually. (d) Gneral Obligation Bonds, Assessment Districts, etc; noted these relate to capital improvement expenditures and do not appear appropriate for present consideration. (e) Reduction in proposed expenditures; noted does not appear likely due to the increased expenditure needs noted in planning, public works and police protection. 5. City Manager noted gross salaries totalled $84,588.00, of which $7,000.00 would be work ordered to Gas Tax and $5,000.00 work ordered to path construc- tion, leaving a balance of $72,588.00 charged to the General Fund. -5-