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Motion canied. Voting Yes: Mayor Gamec, Councilmembers Zimmerman, Strommen, Cook, <br />Kurak, and Pearson. Voting No: None. Absent: Councilmember Elvig. <br /> <br />COUNCIL BUSINESS <br /> <br />Case iii: Report fi'om Personnel Committee <br /> <br />1) Accept Resignation of Pnbtic Works Mechanic and Authorize Staff to Begin the <br /> Recruitment Process for a Public Works Mechanic <br /> <br />Human Resources Manager Reed explained the Public Works Mechanic, Brian Ihnot, resig-ned <br />from his position effective October 26, 2004. Staff is recommending that Mr. Ihnot's resignation <br />be accepted. Staff fuFther recommends that the City Council ~ant authorization to begin the <br />recruitment process to hire a Public Works Mechanic. <br /> <br />Motion by Councilmember Pearson, seconded by Councih-nember Cook, to ratify the <br />recommendation of the Personnel Committee and to accept Brian Ihnot's resignation from his <br />position as Public Works Mechanic effective October 26, 2004, and to ~ant authorization to <br />begin the recruitment process to hire a Public Works Mechanic, <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilrnembers Pearson, Cook, Kurak, <br />Strommen, and Zimmennan. VotingNo: None. Absent: CouncilmemberElvig. <br /> <br />Case//lA: Report fi'om Finance Committee <br /> <br />1) <br /> <br />Amendment to FinanciaI Policy for Purpose of Allocation of Excess/Deficit General <br />Fund Revenues <br /> <br />Finance Officer Lund explained there is currently a financial policy in place for the purpose of <br />the allocation of the excess/deficient General Fund Revenues remaining at year end. The policy <br />takes into consideration that the General Fund balance is to be an amount equal to 60 percent of <br />the next year's adopted General Fund Budget. If there are funds remaining, or a deficit exists, the <br />following City Funds would share the allocation. The funds and their respective share are as <br />follows: <br /> Equipment Replacement Fund - 10% of excess/deficit <br /> Public Facilities Construction Fund - 40% of excess/deficit <br /> Public Improvement Revolving Fund - 50% of excess/deficit <br /> <br />Finance Officer Lund explained that in April 2004, the City Council made the motion to <br />distribute the excess revenues in the following mariner to reflect current funding needs of the <br />City: <br /> Equipment Replacement Fund - $6~,095.59 (Transfer to Future Park Fund) <br /> Public Facilities Construction Fund - $485,$$?.3~ (City Hall) <br /> Public Improvement Revolving Fund - $100,000 (Park & Ride) <br /> <br />P48 <br /> <br />City. Council/October 26, 2004 <br /> Page 4 of 15 <br /> <br /> <br />