CC/RDA/CUA SPE MIN MAY 27 - Laserfiche WebLink

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SPECIAL MEETING OF THE CITY COUNCIL/REDEVELOPMENT AGENCY/COLTON UTILITY AUTHORITY OF THE CITY OF COLTON May 27, 2008 A Special Meeting of the City Council/Redevelopment Agency/Colton Utility Authority of the City of Colton was held at 6:05 p.m., on the above -given date in the Council Chambers of City Hall, located at 650 North La Cadena Drive, Colton, California Mayor Chastain presiding. Notice of Special Meeting was given on May 14, 2008, in compliance with Government Code Section 54956. ROLL CALL: Councilmembers present were Suchil (appeared at 6:25 p.m.), Mitchell, Oliva, Toro, and Mayor Chastain. Also present were City Manager Parrish and City Clerk Padilla. Absent Councilmember Yzaguirre and De La Rosa. Said Special Meeting shall be for the purpose of studying and or taking action on the following matters: STAFF REPORTS: CITY MANAGER REPORTS AND RECOMMENDATION (1) Budget Workshop: To discuss the Proposed Expenditure Plans for Fiscal Year 2008/2009 City Manager Parrish outlined the process for the budget workshop and each subsequent special meeting related to the budget with an anticipated end time of 8:00 P.M. for each workshop session City of Colton/FY 2008-2009 — Revenue and Reserve Finance Director de Alwis presented the revenue projections for FY 08-09 with key revenue assumptions in the areas of Property Tax, Sales Tax, Utility User Tax, and Admin Charge. Other areas included: • General Fund Forecast of Major Revenue • General Fund Revenue/Expenditure Comparison • General Fund — Fund Balance • General Fund Audited balance Sheet FY ending June 30, 2007 Director de Alwis concluded that of the $10.56 mil Fund Balance at June 30, 2007; $8.65 mil is undesignated and $1.056 mil set aside for Economic Uncertainty. Due to the loss of a major sales tax producer, staff currently anticipates a reduction of reserves of $1.6 million by the end of the current fiscal year. DEPARTMENT PRESENTATIONS Police Department Chief of Police Miller Maior Achievements/Primary Goals FY 2007-2008 Accomplishments: 0 Community Outreach Programs