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MINUTES OF THE <br /> ORONO CITY COUNCIL MEETING <br /> Monday,December 7,2020 <br /> 6:00 o'clock p.m. <br /> TRUTH IN TAXATION PUBLIC HEARING—Continued <br /> grant disbursements. She noted another resolution being asked of the Council to approve is a balanced <br /> budget,so both revenue and expenditures equal$9,260,500. Also presented to the Council for adoption <br /> tonight is the Special Revenue Fund budget;they budget for the park and drug felony forfeiture as well as <br /> TIF,which is used for the Orono Senior Complex, which means the increase in the value is captured, <br /> collected through Orono and then they send the funds for the infrastructure of the senior building. She <br /> spoke about the enterprise fund budget,and the main revenues are the charges for service and main <br /> expenditures are operating expenses. These funds are self-sustaining with the goal of maintaining a 25% <br /> operation and 25%capital reserve if applicable. Ms. Ung showed the last slides showing the City's <br /> overall revenue for all of the funds and the City's overall expenditure,noting they will not add up to the <br /> same amount,but shows that they are spending money collected in the past that the City may be planning <br /> to use. <br /> Mayor Walsh asked if anyone was present for the public hearing of the annual budget. He noted they <br /> manage the budget all year long but start talking in detail and going through the budgets in June; it is a <br /> constant, ongoing process. <br /> Mayor Walsh closed the public hearing at 6:18 p.m. <br /> Johnson noted they could do all four in one motion. <br /> Johnson moved, Crosby seconded,to approve the 2021 Property Tax Levy,the 2021 General Fund <br /> Budget,the 2021 Special Revenue Fund Budget,and the 2021 Enterprise Fund Budget as <br /> submitted.VOTE: Ayes 4,Nays 0. <br /> APPROVAL OF AGENDA <br /> CONSENT AGENDA <br /> 2. SPECIAL COUNCIL MEETING MINUTES OF NOVEMBER 13,2020 <br /> 3. CITY COUNCIL MEETING MINUTES OF NOVEMBER 23,2020 <br /> 4. COUNCIL WORK SESSION MINUTES OF NOVEMBER 23,2020 <br /> 5. CLAIMS/BILLS <br /> 6. ADOPT 2021 FEE SCHEDULE <br /> 7. COST OF LIVING ADJUSTMENTS FOR NON-UNION EMPLOYEES <br /> 8. AUTHORIZATION TO DISBURSE CLAIMS <br /> 9. 2021 ANNUAL APPOINTMENTS <br /> 10. ADOPT 2021 CAPITAL IMPROVEMENT PLAN <br /> 11. NON-WAIVER OF TORT LIMITS <br /> 12. 2020 INTERFUND TRANSFERS AND LOAN PAYMENTS <br /> Page 3 of 15 <br />