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Finance Officer Lurid adviged continuing the franchige fee through the third quarter would likely <br />bring thc total to the $404,000. <br /> <br />Chairperson Elvig noted the amount budgeted for licensing permits for the year has been reached. <br /> <br />Finance Officer Lund replied the balance is currently at $811,000, which is $225,000 over the <br />budgeted amount. <br /> <br />Chairperson Elvig asked if there are expenditures that are anticipated that might be above and <br />beyond what is budgeted for. <br /> <br />Public Works Director Kapler replied all the positions that were budgeted for in the 2004 budget <br />have been filled. <br /> <br />Finance Officer Lund noted the Personnel Committee will be asking for a patrol officer outside <br />of the 2004 budget tonight. <br /> <br />Councilmember Strommen stated she would be a little concerned, given the statement when the <br />fi'anchisc fee was enacted, to start using it to supplement the budget. <br /> <br />Chairperson Elvig indicated his concerns are that when they put this fee together it was for the <br />purpose of the shortcomings in the budget to overcome the gap, and it looks as though they have <br />overcome the gap and surpassed it. By his view the fee should probably come off. The question <br />is whether to run it for the third quarter and then discontinue it. If the fee were to be run through <br />the third quarter they would reach the $404,000. <br /> <br />Counci hnember Zimmerman suggested an ordinance be drafted to repeal the fee at the end of the <br />third quarter, which would be the end of September. <br /> <br />Chairperson Elvig indicated he is in favor of discontinuing the ordinance. It is prudent and <br />promises and comments were made that it would be pulled offwhen it is found it is not needed <br />any longer. Thc City will likely be acquiring more than one million dollars in revenue, which is <br />about $600,000 more than they anticipated. <br /> <br />Finance Officer Lund advised she would not want to make a guess on the development, as <br />everything is based on what happens tomorrow. <br /> <br />Cbairpcrson Elvig commented right now they are covered; if they were to not collect even today <br />they would have the funding sources from development that are already in house. <br /> <br />Finance Officer Lund advised the only line item she is concerned about is the billing on staff <br />time on page 229, column 4312. That $150,000 includes the $125,000 that came with Town <br />Center, and will be under. It was estimated too high for Community Development time billed <br />out. She is not too concerned about the Engineering time. <br /> <br />Finance Committee/August 10, 2004 <br /> Page 2 of 6 <br /> <br /> <br />