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279 <br /> June 11,1980 <br /> The meeting recessed into Executive Session. <br /> The regular meeting of the Everett City Council reconvened in the <br /> Board Room of Cascade Savings <br /> and Loan at 1:30 <br /> Overstreet presiding and allt CouncilmenenPresident <br /> dance except <br /> Councilmen Gipson and Michelson,who were excused. <br /> 1481 BUDGET <br /> Bill <br /> 1 <br /> Cushman,Finance n <br /> Director,presented review of the major <br /> of 1381 budget including ds asides,assumptions <br /> operational budge[ and w program requests. <br /> He face pointed that Council <br /> emaaperiods eadi500000p <br /> db <br /> ut <br /> every 0 years ndwi 1mean ooal <br /> be budgeted 901 face a al, Helsohave eathe FartFund,explaining t e result o <br /> an <br /> 1tudyeof liability o¢ <br /> the t 40 y ut$1,000,000. athe <br /> reserves meet this liability,t contribute approxi- <br /> mately <br /> ely9 r$5,00 0 0 17100 <br /> increaseeach year. This 7C now contributed translates <br /> into 1981 budget. <br /> $500,,000 of new commitment fromproperty axes for the • <br /> 1 <br /> He then reviewed some -asides a already allocated <br /> for certain areas, uchfa bthe eS - - <br /> employmentcCompensation,1 W Com- <br /> pens <br /> ation, <br /> Police,Street h City Insurance, <br /> uc ion,ret �Ifti 1 1 budget were 1 owing <br /> the same formula a 1980budgeti - including <br /> the 27th p n,the total increase <br /> over the 1980 budget would nbee$1,254,000eplussio <br /> Councilman Baker suggested possibly extending some of the funding <br /> to xelieve <br /> for varioustpr el,such as b gc Evergreen y,etc.until 1983 so as 1 <br /> • <br /> It was pointed o Committee had t applicants <br /> n 1980t would probablya the last iallocation of funds to <br /> their various o ec s. <br /> W.1981Cushman then reviewed some of the new b Energy programs pre the <br /> ervation Program, <br /> capoolling different <br /> ergysa <br /> xinting$looe000 ennnaiivdt be ararepce Program00 050urcish- <br /> park buildings. =wide building <br /> pa r aneeree„misnmenc Y2nyae The <br /> faeiidiya�erla re for <br /> effortCouncilman Overstreet asked how much was being sFent on this type of <br /> repair at present,and the answer was at it was an unknown as no <br /> h <br /> aconsolidate all of the partments,major <br /> building maintenance costs. <br /> The f Automated Circulation System,which would <br /> result in a net savings ou <br /> 45000f$9,000r for the next 7 years. The <br /> 1 <br />