Budget Amend Worksession – April 16, 2020

Posted: April 15, 2020 | Updated: September 11, 2023

AGENDA

NOTICE AND CALL OF PUBLIC ELECTRONIC MEETING

 

GOVERNMENTAL BODY:                         THE CITY COUNCIL OF CRESCO, IOWA

DATE OF MEETING:                                   APRIL 16, 2020

TIME AND PLACE OF MEETING:             5:30 P.M. Join Hangouts Meet (see log-in below)

 

Note: Council Members will be utilizing Google Hangouts to attend the meeting remotely due to the COVID-19 Pandemic. The public can attend by logging in to the meeting by computer via  meet.google.com/ved-iked-xwo or by telephone: +1 414-436-7518 PIN: ‪662 728 647#

 

PUBLIC NOTICE IS HEREBY GIVEN THAT THE ABOVE MENTIONED

GOVERNMENTAL BODY WILL MEET AT THE DATE, TIME AND PLACE SET OUT ABOVE.    THE TENTATIVE AGENDA FOR SAID MEETING IS AS FOLLOWS:

 

ROLL CALL:  BRENNO, McCARVILLE, FORTUNE, BOUSKA, CARMAN

 

 

BUSINESS:  There may be action taken on each of the items listed below.

 

  1. Discuss Budget Amendment #3 for Fiscal Year Ending June 30, 2020
  2. Discuss City’s RLF Business Continuation Loan

 

COMMENTS FROM AUDIENCE:

 

ADJOURN:

 

THIS NOTICE IS GIVEN AT THE DIRECTION OF THE MAYOR PURSUANT TO CHAPTER 21, CODE OF IOWA AND THE LOCAL RULES OF SAID GOVERNMENTAL BODY.  POSTED APRIL 15, 2020.

MINUTES

Mayor Bohle called the special Cresco City Council worksession to order on April 16, 2020, at 5:30 pm via electronic means. Council Members Brenno, McCarville, Fortune, Bouska, and Carman were present. No council members were absent.

Mayor Bohle explained that due to the COVID-19 Pandemic, as to protect the employees, council members, and the public, the meeting is being held electronically. The log-in is available through meet.google.com/ved-iked-xwo or by telephone: +1 414-436-7518 PIN: ‪662 728 647#.

The proposed budget amendment for fiscal year ending June 30, 2020 was reviewed. The amendment would increase the budgeted loss by $115,800. This was mainly due to the Revolving Loan Fund Business Continuation Loans that were not originally budgeted for $100,000. There is an additional loan application pending for a purchase of a business for $50,000 that had originally been budgeted as $20,000.

There was concern about approving the budget amendment due to the uncertainties of the impact of COVID-19 on our revenues. It was explained that the impact will probably hit in the next fiscal year. The anticipated decrease in revenue will be due to much lower Road Use Tax and possible reduced revenue from utility billings and Local Option Sales Tax.  The Fitness Center will lose revenues due to the closure and possible cancellation of swimming lessons, summer rec programs, and cancelled reservations. There is also uncertainty regarding residents’ ability to pay property taxes and utility bills in the future.

Council suggested reviewing the new equipment and big projects that are budgeted in the next fiscal year. Some purchases and projects may need to be delayed. They unanimously agreed to postpone the downtown sidewalk and crosswalk replacement project; estimated to cost almost $200,000 with about $57,000 due from business owners and the County. Everyone agreed this was not the time to ask local businesses to contribute money to this project.

Council decided they would pledge $2,500 for the Howard County Community Foundation Disaster Recovery Fund with the stipulation that it be used for City of Cresco residents. This expense item was added to the budget amendment.

Council agreed the budget amendment needs to be done so instructed the City Clerk to send the notice to the newspaper for publication. The public hearing and vote on the budget amendment will be on May 4, 2020.

Mayor Bohle asked for comments from the audience and there were none.

Brenno moved to adjourn at 6:00 pm. Carman seconded and it passed all ayes. The next regular Cresco City Council meeting will be April 20, 2020, at 7:00 pm via electronic means. Telephone and log-in information will be made available for the electronic meeting.

 

 

Mayor Mark Bohl
City Clerk Michelle Girolamo