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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 />_____________________________________________________________________________________ <br /> <br />Page 3 of 15 <br /> <br />TRUTH IN TAXATION PUBLIC HEARING – Continued <br /> <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 /> <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 /> <br />Mayor Walsh closed the public hearing at 6:18 p.m. <br /> <br />Johnson noted they could do all four in one motion. <br /> <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 /> <br />CONSENT AGENDA <br /> <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