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MINUTES
OF THE SPECIAL YEAR E3JD MEETING OF THE
EDINA CITY COUNCIL HELD AT CITY HATL
DECEMBER 30, 1992
5:OO P.M.
R0LLCAI.L Answering rollcall were Members Paulus, Rice, Smith and dyer Richards.
STATEMENT OF ESTIHBTED REVENUES. EXPENDITURES BPJD RECOMKEL'?DED TRANS= APPROVED
Manager Rosland presented the Statement of Estimated Revenues, Expenditures and
Recommended Transfers for the Year Ended December 31, 1992, prepared by the
Finance Director, and recommended approval.
expenditures and revenues is $13,817,945.00. We are estimating expenditures to
be underspentby approximately $45,000.00 even with the loss of our sales tax
exemption which cost the City approximately $160,000.00.
short by approximately $160,000.00 which was primarily due to tax abatements.
Without tax abatements and the sales tax liability occurring, the surplus would
have increased by $120,000.00. With these two items, we estimate a decrease in
the fund balance of $114,000.00.
He noted that the 1992 budget for
Budget revenues fell
After brief discussion and in response to questions from the Council, Manager
Rosland responded that major expenditures that were over budget included police
and fire overtime, professional services and legal fees.
Member Paulus made a motion to approve the recommended transfers as presented in
the "Statement of Estimated Revenues, Expenditures and Recommended Transfers for
Year Ended December 31, 1992." Motion was seconded by Member Rice.
Rollcall:
Ayes: Paulus, Rice, Smith, Richards
Motion carried.
CLAIMS PAID Member Smith made a motion to approve papent of the following
claims as shown in detail on the Check Register dated 12/23/92, and consisting of
9 pages: General Fund $63,776.71; Cable $15,642.88; Working Capital Fund
$1,412.50; Art Center $311.90; Golf Course $1,257.79; Arena $2,718.84; GM Range
$186.00; Edinborough/Centennial Lakes $2,688.60; Utilities $3,834.14; Liquor
Dispensary $13,698.12; Construction Fund $528.00; TOTAL $106,055.48. Motion was
seconded by Member Rice.
Rollcall :
Ayes: Paulus, Rice, Smith, Richards
Motion carried.
There being no further business on the Council Agenda, Mayor Richards declared
the meeting adjourned at 5:lO P.M.
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City Clerk