Laserfiche WebLink
City Council Meeting Minutes June 30, 2020 <br />Council Member Rockeymoore asked about option 4 and money not coming out <br />of the fund? Ms. Moyer stated the city's financial policy covers the general, <br />electric utility, water/wastewater fund and doesn't cover the stormwater utility. <br />If we go below 25% of the financial policy goal of the utility then option 4 will <br />allow 6.5% increase and will not be building up the fund balance as quickly. <br />Council Member Derrick asked about option 4, will FY21 priority projects will be <br />pushed back a year or all back a year. Ms. Moyer stated that it will push one back <br />a year, staff have submitted Castle Forest for water development board funding <br />and if nothing comes through, we can fund 2 projects under the $6M and one will <br />go into FY23. <br />Council provided direction to move forward with option #4. <br />III. Adjournment. <br />Mayor Hughson adjourned the Budget Workshop of the City Council on June 30, <br />2020 at 8:12 p.m. <br />C....:rlmy K. Co k, Interim City Clerk ne Hughson, Mayor <br />City of San Marcos Page 11 <br />