1983/11/09 Council Minutes - Laserfiche WebLink

403 • November 9,1903 • CONTRIBUTIONS The contributions category of our budget summarises a lengthy list.of expenses not directly related to thebasic operation of aspecific department which governed by interlocal greements end contracts or which cross traditional departmental lines. Highlights in this area include: District Court Fees - The City has been notified that our districts ourt fees for infractions will increase by 25% andfor misdemeanor by 130%. Negotiations on these charges are currently ently under way. In anticipation of the needs, however, the budget has been raised to $250,000,en increase of 10096 over 1983. • Fire Pension An actuarial study has been completed which calls for a 1980 contribution of$1,175,000, growing at the rate of 10% per year for 25 years. At this iate, pension fund will be fully funded end self-supporting for the following 20 years without the need for additional payments from the City. deepens Subsidy • Within four years we tiropete that the support of " the Everpark garage will n a longer be needed. The garage does, in fact, generate sufficient revenue to eet costs.ts bond However,pdue eto athend r ouirement to its establishna reserve fund for future,repairs, a subsidy will be required until 1987, although future subsidies will be less then the$75,000 allocated in the 1980 budget. • PAOJECTS The the most attention end isos subs suect bject to ex rach pid Br is cheniesh center duringudget development. During the last four maths, as aw entries come and go. At one point, the list exceeded fourand one-half million dollars. Througsurp deliberation ereirisnenr , with andCouncil, Stems wM1iCh ha e- Swimming Pool roof Reserve • I feel a special tribute should be paid to the Council ' who has t persistently to tlover the lest six ix years, nee create reserve eventually replace the swimmingpool roof. We thank each I fyounthe form of a$48,00D allocation as the • first tto this goal,