Laserfiche WebLink
<br />M I NUT E S <br /> <br />e <br /> <br />Eugene City Council <br />McNutt Room, City Hall <br /> <br />May 23, 1984 <br />11:45 a.m. <br /> <br />COUNCILORS PRESENT: Brian Obie, John Ball, Freeman Holmer, Joyce Nichols, <br />Emily Schue, and Betty Smith (from 12:00). <br /> <br />COUNCILORS ABSENT: Dick Hansen and Cynthia Wooten. <br /> <br />Revenue work session of the City Council of the City of Eugene, Oregon, was <br />called to order by Councilor Obie in the absence of His Honor Mayor Gus Keller. <br /> <br />e <br /> <br />I. CONTINUED DISCUSSION CONCERNING REVENUES (background material distributed) <br /> <br />City Manager Micheal Gleason introduced the agenda item. Addressing the issue <br />of timing, he stated that the expected income flow would be lost if the <br />council missed the September window, adding that staff was already dealing <br />with some cut issues in FY1986. He stated that different assumptions made the <br />financial gap or variance exist between the proposals of staff and Mr. Holmer. <br />He stated that some agreement on the financial forecast must be made by the <br />council, stating that an assumed wage increase of five percent would mean a <br />deficit of $700,000 to $1 million unless beginning cash balances were used. <br />He stated that performing the first year of the three-year add-back proposal <br />would mean another $1 million. In response to a question, Mr. Gleason ex- <br />plained that the deficit under Mr. Holmer's proposed forecast would be approx- <br />imately $400,000. <br /> <br />In response to Ms. Schue's request for clarification, Finance Director Warren <br />Wong reviewed the Summary of Estimated Deficits/Surpluses as estimated by <br />staff, the council, and Mr. Holmer as listed in his April 20 memorandum to <br />the council. He explained that the staff version was based on its projections <br />and assumptions, the council version being a modification of the staff version <br />incorporating the council's changes to the revenue and expenditure assumptions, <br />and Mr. Holmer's version was based on his assumptions on the forecast. He . <br />stated that the council had suggested that any new revenue measure be placed <br />on the ballot. Mr. Wong then reviewed the 1984 election dates as listed in <br />his May 21 memorandum to the City Council. He stated that staff will start in <br />mid-July to plan for the 1985 budget and will perform a revised projection for <br />1986 which will be available in mid-September. He stated that the council <br />will have to direct staff on how to deal with any deficits for that year by <br />either service reductions or using the cash balances. Mr. Gleason suggested <br />that service reductions or cash adjustments be performed over an 18-month <br />rather than a 12-month basis so that the effect would not be so abrupt in <br />dealing with staff and program reductions. He explained that these measures <br /> <br />e <br /> <br />MINUTES--Eugene City Council <br /> <br />May 23, 1984 <br /> <br />Page 1 <br />