10-25-2010 Council Minutes - Laserfiche WebLink

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MINUTES OF THE i ORONO CITY COUNCIL MEETING Monday, October 25, 2010 i 7:00 o'clock p.m. ; • 12. YEAR -TO -DATE GENERAL FUND BUDGET INFORMATION I Olson noted the third quarter financial reports for the General Fund represents 75 percent of the year. Overall expenditures are currently at 69.4 percent of budget. Revenues are at 58.3 percent of the annual budget, but are expected to finish at or above budget by the end of the year. At the present time, the expenditure budget is projected to be under budget by $58,559 on 12/31/2010. This projection is based on a combination of factors. The first is the percent of the year, another is comparison to previous year's expenditure timing, and the final is a review of significant purchases that have already been made. Five departments are currently projected to be over budget at year end. Human services is over budget but will have no other charges for the year. The Law/Legal services budget and the Public Works Department are also expected to exceed the budget. i Revenues through the third quarter are currently at 58.3 percent of budget. The most significant revenue source, representing 65.6 percent of the General Fund budget, is property taxes. Tax collections have only been,received for the first half of the year, but when delinquent collections and interest are included, they are on pace to be a 100 percent ofbudget. Other revenue sources are also projected to beat or above budgeted levels. It is projected that expenditures will finish the year under budget. Revenues are expected to finish the year at or over budget. The Finance Department will continue to monitor both revenues and expenditures in the upcoming months. • The City Council took no formal action on this item. *13. ACCEPT DONATION OF PROPERTY USE —RESOLUTION NO. 59,83 i Jamie Honour voluntarily donated the use of his property located at 1720 Bohns Point Road, to the City of Orono for police training exercises. The Orono Police Department and the Lake Area Emergency Response Unit used the property for training on September 2, 2008. Murphy moved, Bremer seconded, to adopt RESOLUTION NO. 5983, a Resolution Accepting Donation of Property Use. VOTE: Ayes 5, Nays 0. *14. ACCEPT DONATION —RESOLUTION NO. 5984 The Orono Police Department received a $100 donation from William J. Sime. The money was given to the police department as appreciation by Mr. Sime for assisting his family during a recent call at their residence. The donation will be used toward upgrades on the department AED's. Murphy moved, Bremer seconded, to adopt RESOLUTION NO. 5984, a Resolution Acknowledging a Donation from William J. Sime. VOTE: Ayes 5, Nays 0. 15. ESTABLISH DATE AND TIME FOR 2011 ANNUAL CITY GOAL SETTING Bremer moved, Murphy seconded, to schedule the 2011 goal setting meeting for Tuesday, November 23rd, at a time to be determined, and to reschedule the November 23rd City Council work session. VOTE: Ayes 5, Nays 0. Page 16 of 17