HomeMy WebLinkAbout2015-02-21 Special Workshop MINUTES
SPECIAL WORKSHOP
BOARD OF ALDERMEN
RIVERSIDE, MISSOURI
Saturday, February 21, 2015
9:00 a.m.
The Board of Aldermen for the City of Riverside, Missouri, met in special session in the Board
of Aldermen Chambers at City Hall, 2950 NW Vivion Road, Riverside, Missouri, on Saturday,
February 21, 2015.
Mayor Rose called the meeting to order at 9:00 a.m. Those in attendance were Mayor Kathy
Rose, Aldermen Art Homer, Mike Fuller, Chet Pruett, Aaron Thatcher, and Ron Super.
Candidates Frank Biondo and Al Bowman were also in attendance.
Alderman Brad Cope was absent.
Also present were City Administrator Greg Mills, City Clerk Robin Littrell, Finance Director
Donna Oliver, Public Works Director Tom Wooddell, City Engineer Travis Hoover, Major Chris
Skinrood, Fire Chief Gordy Fowlston, and Executive Assistant Stacey Rasco.
WORKSHOP @ 9:00 A.M. City Administrator Greg Mills explained that we have started off
the budget season the past few years with a Saturday morning
workshop and that Donna will be presenting preliminary numbers
today for the 2015-2016.
Finance Director Donna Oliver reviewed a PowerPoint
presentation with the Board.
City Administrator Greg Mills also discussed the past couple
budgets have been tighter and many cuts have been made with
no room for more. Trails and raises were briefly discussed. We
will have a town hall meeting regarding the budget in May.
MOTION TO ADJOURN Alderman Homer moved to adjourn the meeting at 10:02 a.m.,
second by Alderman Super.
Yes: Homer, Super, Thatcher, Fuller, and Pruett.
Motion carried 5-0.
0 ..
s Robin Littrell, City Clerk
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02/20/2015
2015-16 Operating Budget
Presentation to BOA
2/21/2015
CRY of Riverside
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Funds Available for 2015-16 Budget
Be¢Inning Unre4trltted
201516 Unrestricted Revenues
Teal Unrestricted Revenues
less Debt service Subsidy
Less Mlnlmum Fund Balance
Funds Available lot 2015-16 Budget
2010-15General Fund
3010-15 Gpltal Equipment Fund
2014150pital Improvement Fund-2015 16CIP
201415 Community Development Fund-3015-16 CIP
nanslerto dative,C.I.C.Fund
Total 6pendrcumfrom Unrestricted funds
Avallablefar Board Future AII«atlon
Beginning Unrestricted Fund Balance
Fund Balance xfi/3o/zms per opennn¢Budget 65W,BW
Challenge BOA Contingency fi00,OW
Blackburn BOAContingency -100,0W
Downtown CID Delay Revenue Delay 450,000
Sute TIF Estimates Revenue Shertzll -380,000
MISc. W,OW
Current Projection for Ending Fund Balance 511301000
Funds Available for 2015-16 Budget
Beginning llmesMcted 6.130,000
2015-16 Unrestricted Revenues
General Fund 619501000
Capital Improvement Fund 5,843,000
Cwnmuaity Development Fund 1,203,000
TOGI Unrestricted Revenues 13,995.000
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Revenues
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S,IwRU.Tan 1,414.0,0 IAlOd" 114M,300 145W LOM
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Mewllnmvw II.. IO," 14.0 - 001,
'Iou1 6938.9. 6,9163. 6,419,5. I3.060 0,4%
Revenues
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(kmin5 f.,032 . 6,)50004 5,&2,000 -3CBm -SOY.
F—U,fa WA I.HO,CW I,S m . .1j ,000
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Revenues
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Funds Available for 2015-16 Budget
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Beginning Umestrkted 5.130,000
3015-16 Unrestrlaetl Pevenues 13,995,000
TWal Un.ts MPevenues 19,135,000
Horizons TIF Fund
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TIF Revenue
• Growth of$962,000 projected
—Martinrea PILOTS&State TIF
—Offce 1 PILOTS
—Industrial PILOTS&State TIF
—Yanking State TIF
Funds Available for 2015-16 Budget
Beginning Unrestrined S,MAW
2015-16 Umeslricted nev¢nues 13,995.090
Total Unrestricted pevenuK 19,125,000
Less Debt Service Subsidy -
IessMinimum fund Btlemon6mo0thotGeneral Fund Expend.) 4,028,000
Funds Aenilable for 2015-16 Bud,. 14,092,0.
Funds Available for 2015-16 Budget
BeginninBUnrartrMed 6,130,090
2015-16 Unrestricted Fun enuK 13,995,090
TWA Unrestricted RCyers. 19,13S.000
Less Debt Service Subsidy -
lessMinimum Fund Valance 3,028,000
Funds Available nor 2015-26&tdget 14,092,003
201415 General Fund -10p56.0400
2014-15 Cannot EBulpmentFund -235,WD
2014-15 Capftallmprovement Fund-2015-16 LIP -1$25,000
201Y15 CoomunXy[,emi amod Food-2015-16 CUP 550,0.
Tnnsfer to Xormons CJD.Fund -88,000
TWI EryendUNne lone Unresti..d Funds 12,554,000
Ayallable for Board Future AlUocation x,543,000
7