December 28, 2022 Budget Worksession

Posted: December 20, 2022 | Updated: August 24, 2023

AGENDA

NOTICE AND CALL OF PUBLIC MEETING

 

GOVERNMENTAL BODY:                         THE CITY COUNCIL OF CRESCO, IOWA

DATE OF MEETING:                                   DECEMBER 28, 2022

TIME AND PLACE OF MEETING:             5:00 P.M. CITY HALL, 130 N PARK PLACE

 

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:  KRIENER, McCONNELL, FORTUNE, BOUSKA, CARMAN

 

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

 

  1. Discuss Budget for Fiscal Year Ending June 30, 2024
  2. Discuss City Clerk and Deputy Clerk Position
  3. Motion to go into CLOSED SESSION pursuant to Iowa Code 21.5 (1) (i)
  4. Motion to go into OPEN SESSION

 

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 DECEMBER 20, 2022.

MINUTES

Mayor Brenno called the Cresco City Council worksession to order on December 28, 2022, at 5:00 pm. Council Members Kriener, McConnell, Fortune, Bouska, and Carman were present. No council members were absent.

Elton presented the proposed budget showing an overall loss of $1,449,114. The key numbers to consider are the general funds because these are used when the City gets a bond rating. Bond rating also looks at the fund balances. The better bond rating will result in lower interest rates when the City borrows money. The General Funds have a budgeted loss of $632,818 so cuts need to be made especially in the LOST fund for equipment and projects.

Project and equipment purchase requests were reviewed and some items were moved to future fiscal years due to inflation and supply issues.

Recommended changes will be made to the budget and another budget worksession may be scheduled.

Council discussed the City Clerk and Deputy Clerk positions and will reevaluate in the spring.

Carman moved to adjourn the worksession at 7:02 pm. McConnell seconded and it passed all ayes. The next regular Cresco City Council meeting will be January 9, 2023, at 5:30 pm at Cresco City Hall.

Mayor: David J. Brenno
City Clerk: Michelle Elton

 

 


Documents

Sorry, we do not have this document available.