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Item 6f <br />Amendment to Refuse Ordinance Concerning Construction and Demolition Debris <br />(SR96:337) <br /> <br /> This item was continued to 12/3/96. <br /> <br />Item 6g <br />1995-96 Financial Report (SR96:318) <br /> <br /> Susan Rossi presented the staff report. <br /> <br /> Mr. Tarver preferred any surplus to be designated as discretionary funds rather than an <br />allocation to the Capital Improvement Reserve fund. He was also concerned that other areas <br />were fully funded, such as the Replacement Fund, Facility Fund, etc. If not, he wanted more <br />funds put into the Operating Fund at a higher level. <br /> <br /> Ms. Michelotti indicated staff is currently allocating funds to the various reserves Mr. <br />Tarver referred to. <br /> <br /> Ms. Acosta said staff was doing that and is trying to raise that reserve every year. She <br />stressed the advisability of living within the budget as adopted. <br /> <br /> Mr. Tarver pointed out that for several years there have been surpluses which were then <br />allocated to the CIP reserves. One could argue that those funds have been available every year. <br /> <br /> Ms. Acosta said surpluses are preferred for two basic reasons: staff is trying to make <br />sure expenses are watched as closely as possible, and there have been one-time revenues that <br />have come as a surprise for various reasons. Even though there have been surpluses each year <br />for various reasons, staff is not comfortable using those funds for regular operating costs. <br /> <br /> Mr. Pico stated that even though this money is allocated to a temporary reserve, the <br />funds can be reallocated at any time by the Council at its discretion. <br /> <br /> Mr. Tarver believed that members of the community will look at the CIP fund and find <br />ways to spend whatever is in that fund. <br /> <br /> Ms. Acosta indicated the CIP list includes $50 million in unfunded desires for the <br />community. <br /> <br /> Ms. Michelotti echoed that comment. The Capital Improvement Program is the means <br />for setting the priorities for projects and there are many, many unfunded projects. It is nice to <br />say there is a one-time slush fund, but what about the priorities and the project that has been <br />waiting several years for funding. <br /> <br /> 16 11/19/96 <br /> <br /> <br />