1994 ADJ MIN SEPT 27 - Laserfiche WebLink

Browse Search

City Treasurer Williams summarized that the City has a $10 1/2 million portfolio. It is in good shape; it is liquid and can anticipate a yield a tad under 5%. In the 80's the main focus was on revenue. Presently, the focus is on managing debt; therefore, City Treasurer urged that his services be used in that direction. He stated that his budget comes from the general fund and as his services also benefit the enterprise agencies, he suggested that they allocate his salary to the investment pool. City Clerk City Clerk Helen Ramos gave statistics on services provided by the City Clerk's Office. She stated that she accepted the budget that had been negotiated. City Clerk Ramos said that there would be no lawnmower for the Cemetery. She described her duties as distributed amongst City Clerk's Office, Risk Management and Cemetery. City Clerk Ramos said she was devoting a lot of her time to risk management. At the beginning, she would receive one or two cases a year, now she has 90 claims she must oversee. She espoused that the City can work to reduce liability claims. She mentioned that there was $500,000 on reserve; however, there were two major claims - an electrocution and a facial injury - still pending. She proudly announced that she had renegotiated the lease with Xerox and the City would realize a savings of $14,000. She announced that as a result of a class action, Xerox had recently paid the City an award in the sum of $3,681.00. With further reductions necessary, City Clerk Ramos stated that she was ready to terminate the lease on the small xerox machine in order to realize a $12,000 savings. Summary Interim City Manager Winter reviewed the City Council's concerns which would be discussed and addressed by staff: In the Library, the book budget and carpet would be reviewed; Police Department was okay; the Fire Department was okay; Recreation/Human Services will reconsider the rehabilitation of the playground and restore some funding to the junior high with no comments as to the Treasurer and City Clerk. City Manager Martinez expressed appreciation to the Mayor and City Council on behalf of the staff. ADJOURNMENT: At 6:55 P. M., with consensus of City Council, Mayor Gonzales declared the budget session adjourned to Wednesday, September 28, 1994, at 4:00 P. M., for further budget session. HELEN A. RAMOS, CMC City Clerk ,., City of Colton 2