HomeMy WebLinkAboutAgenda Report - March 7, 1984 PH (4)PUBLIC HEARINGS
Notice thereof having been published in accordance with law
and affidavit of publication being on file in the office of
the City Clerk, Mayor Olson called for the Public Hearing to
cons i der :
The proposed uses of Revenue Sharing Ends as they pertain
to the proposed City of Lodi Capital Improvement Program
1984.
REVENUE SNARING
The matter was introduced by Assistant City Manager Glenn
FINDS CAP ITAI.
IMPROVI]MM T
who presented the following informat ion:
PlICKRAM 1984
REVENUES
OPERATING FtI4DS 1983-84 Fiscal Year
General Fund $ 8,579,380
Electric 14,549.875
Sewer 1,598,100
Water 1,352,035
Library 465,600
Hutchins St. Square 9,000
Operating; Reserves 1,736,705
Total Cperating► Funds $28,290,695
CAPITAL FLMS 1984 Calendar Year
Ekisting Reserves $ 3,533,995
Electric Capita -1 695,315.
Sewer Capital 97,360
Wastewater Capital 150,575
Water Capital 205,575
Master Stonn Drain 25,000
Gas Tax 75,000
T.D.A. 248,000
Pedestrian Hike 51000
County Contribution 25,000
State Bond Funds 75,000
Hotel4btel Tax 50,000
Donations 212,000
Total Capital Funds $ 5,396,820
REVENUE SIMING
Balance June 30. 1983 1163,565
1983-84 Allocation &
Interest 610,420
7/1/84-12/31/84 233,930
Total Availacle $1,007,915
-2-
Continued March 7, 1984
Previous Public Hearing $498,200
Special Allocations 46,145
Adjustments 33,,980
Total Allocations $578,325
Revenue Sharing Finds Available $429,590
1IITAL FINANCING AVAILABLE $34,117,105
t
EXPENSES (Operating) 1983/84
General Fund $10.255,105
Electric 13-,983,540
s Sewer 1,2'27,200
Water 630,$50
Library 4-6,585
Wtchins St. Sq. 27,805
Capital 1,244.315
PL a PD 1-67.830
Library Resenwe 277,545
$28,290,695
1XPIMES (Capital) 1/1/84 - 12/3.1/84
Electric $
694,315
Wastewater
156.000
Storm Drainage
170,000
Water System
168,000
Street 1.838,-000
INEFOVEVEIT
Other Facilities
348.000
1965 Bond Payment
192,,440
Fording Reserves 1,830,0.65
$ 5,396.,820
RE17EM SHARING ALIDCATICM 1/ 1 /84
- 12/31/84
Lodi Lake Outfall Line $
120,000
Stadium Restroon
1454000
Lba1located
164,590
r Total Revenue Sharing Allocations
$ 429,590
TOTAL AUCCATI M $34.117,105
CITY OF L(D1
There being no persons
wishing to speak under this segment
CAPITAL
of the public hearing.
the public portion of the hearing
j
s
INEFOVEVEIT
was closed.
PFCCE M 1984
AICD REVENUE
Cki motion of Council Member Pinkerton, Reid second, Council
SHARING FUNDS
approved the following
Revenue Sharing Allocations 1/1/84 -
AS IT PERTAINS
12/31/84:
TO MIS CIP
Lodi Lake Outfall Line
$120,000
`
Stadium Restroom
145,000
1
Unallocated
164,590
$429,590
N
NOTICE OF PUBLIC HEARING BY THE CITY COUNCIL
OF THE CITY OF LODI TOO CONSIDER PROPOSED USES
OF REVENUE SHARING FUNDS AS THEY PERTAIN TO
THE PROPOSED CITY OF LODI CAPITAL IMPROV':104T
PROGRAM 1984.
NOTICE IS iOiY GIVEN that on Wednesday, March 7, 1984 at
the hours of 8:00 p.m., or as soon thereafter as the matter may be
heard, the LxU City Council will conduct a Public Hearing in the
Council Chambers, City Hall, 221 West Pine Street, Lodi California,
to consider proposed uses of Revenue Sharing Funds as they pertain to
the proposeet City of Lodi Capital Inprovenent Program 1984.
A copy of the proposed uses of the General Revenue Sharing
Funds is on file in the office of the City Clerk and can be examined
during regular business hours (Monday through Friday, 8;00 a.m. - 5:00
P.M.).
All citizens of the recipient government (the City of Lodi)
shall have the right to make written and oral coinnents and to ask
questions concerning the entire budget at the hearing relative to the
use of General Revenue Sharing Funds as they pertain to the proposed
City of Lod -i Capital Inprovement Program 1984.
Dated': February 15, 1984
BY ORDER OF THE LODI CITY COUNCIL
A4�Al&ice M. Reidche
City Clerk