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Home My WebLink About12/01/72 MINUTES OF STA_qlrI~RY BUDGET HEARING DECEMBER 1, 1972 The Annual Statutory Budget Hearing was held by the City Council of the City of Bremerton, Washington, in the Council Chambers of City Hall at 9:00 a.m., PST, Priday, December 1, 1972, with Mayor Jarstad presiding. Also attending wer~ C~,,,{ssioner Clark, Commissioner Schoneman~ City Clerk Yeadon, and City Auditor Hanold Fitzwater, and Mrs. Henniger. REPORT - CO~{MISSIONER CLARK Stated the 1973 Budget estimates as presented to the City Auditor initially provided the following: The General Fund at that time showed a revenue of $3,643,876, and an expenditure of $3,407~596 which indicated a surplus of $236,280. Further explained that these revenues included $350,000 in Revenue Sit, ring which has been separated into a special fund since that time. Explained that this means the General Fund at that time was actually $113,720 in a deficit position excluding the $350,000 of Rev- enue Sharing Funds. Stated the Water Fund at that time was $186,772 in deficit, the Garage Fund was $28,410 in deficit, and the Equipment Rental Fund was $61,650 in deficit with the other three funds in a balance status which left the City in all the funds a total deficit of $40,552. Stated that durinK the Interim, the Council's efforts on the budget has changed the picture to the point that the City now shows the $350,000 in Revenue Sharing Funds and continue to have a deficit of $119,479 in in the General Fund. Stated the City has a surplus at this point of $119,479 in the General Fund. Stated the City has a surplus at this point of $146,728 in the Water Fund and this gives an overall picture in the total funds, including Revenue Sharing, a surplus of $355,764; also, stated that this would be more accurate if the Water Fund figures were excluded because it is a self-balancing fund and will be in balance within its own revenue expenditumes. Stated that if the Water Fund figure was eliminated, the surplus in the City's operating funds would be $209,036 including the $350,000 in Revenue Sharing. Mr. Clark explained that the Council has made no determinations on special depa~.b,~ntal requests, which will add to the deficit or will include the use of Revenue Sharing Funds. Mr. Clark stated that salary increase have not been considered in a final f~r~n~ however, the Council is intending to come up with a reasonable salary increase this year realizing that the salary increase last year was nec- essarily very small. Hr. Clark stated that the Council will continue working in study sessions and will have the budget in balance considering all of the aspects of the budget making that have not yet been able to be resol- ved. Mayor Jarstad stated that the Revenue Sharing receipts will he less than what was anticipated because the federal gove~.~,~nt is not taking into account the 5,000 persons (navy personnel) who were residing in Bremerton. The Mayor also stated that another factor the City has not taken into account is what direction to take if the Emergency Employment Act (EEA) Program ceases inasmuch as $345,000 is the amount supplied each year. Mayor Jarstad recessed the meeting at 9:32 a.m. until 9:00 a.m.~ Monday, December 4, 1972. G. C. YEADON, SR~ CITY CLERK APPROVED: