10-02-01 BWS Minutes
Budget Work Session
Yelm City Council Chambers
October 2, 2001, 4:00 p.m.
Present: Mayor Rivas, Councilmembers: Don Miller, John Thompson, Bob Isom and Glen Cunningham,
Staff: Agnes Bennick and Janine Schnepf. Councilmember Foster was excused.
Work session meeting to review 2002 Budget Revenue Sources and background information, comparing
these estimates to 2001 estimates and actual 2001 mid-year revenue.
A. REVENUE SOURCES REVIEW
Property Tax based on assessed value of property with increase currently allowed at 6%.
Increase subject to new limits.
B & 0 and Local Sales Tax. It was agreed that the 2002 estimate remain at the 2001 estimate in
light of the retail decline in the current economic climate caused by the recent events in N.Y. and
D.C.
State Shared Revenue based on population and subject to specific expenditure allocation.
Hotel- Motel Taxes. The 2001 appropriation had been overstated. Hotel addition begins this year,
taxes next year.
Motor Vehicle Excise Tax distributed based on population and subject to specific expenditures.
B. FUNDS NOT SCHEDULED FOR REVIEW. These funds include expenditures that require Council
Action, Debt repayment, Bond obligation, Funds for specific uses, Deposits or Donations.
104 Cumulative Reserve & Economic Development, 105 Park Reserve, 106 Emergency Disaster,
112 Five Corners Debt Repayment, 119 Park Use Deposit, 202 FMHA Library GO Bond, 204
Sewer Revenue Bond Reserve, 402 Utility Deposits, 403 Garbage, 406 Water Revenue Bond
Redemption, 407 LID #1 Redemption, 41699 LID Guarantee.
C. CURRENT/GENERAL FUND EXPENDITURE APPROPRIA TlONS.
Legislative: Council budget increase inTravel/Training and Insurance. There were no other
funding requests.
Historic Preservation. No change.
Operating/Debt Service Transfer. Transfers from Current Fund to supplement or complete
debt payment and/or operating cost for funds that have limited or no income revenue.
DARE. Yelm Community schools to continue the annual contribution to the program.
It was suggested that research on this funding revenue from YCS be evaluated for
fairness of benefit cost. Possible future adjustment of portion to be paid by YCS.
All items on agenda covered.
Adjourn 5: p.m.
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Attest:
Mayor
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