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08-23-1982 SpecialCITY OF RICHFIELD ~ SPECIAL_MEETING - B.LTDGET HEARING August 23, 1982 The city council of the City of Richfield met in special session in the council chambers of the city hall on Monday, August 23, 1982 at 5:30 p.m. Mayor Hamilton called the meeting ro order at 5:44 p.m. Present: Bunce, Hassenstab, Kirsch, Ludeman, Hamilton City Manager Karl Nollenberger described the process used to develop the budget, as it relates to council-adopted goals, and financial policies. He suggested that council change the budsl'et hearings now scheduled for September 1, 1982 at 7:00 p.m. to August 31, 1982, at 7:00 p.m. Council members concurred with this change. Mr. Nollenberger presented the fiscal policies in additional detail, and council members discussed and reaffirmed these policies. Motion by Hassenstab, seconded by Bunce, to reaffirm the city's fiscal policies. All ayes - Carried. Mr. Nollenberger summarized the revenues and expenditures for all of the city's major operating funds, comparing 1982 original, 1982 revised, and 1983 proposed budgets. Senator Steve Lindgren asked a question about the projected General Fund fund balance, and discussed the level of local government aids that might be paid to the city in 1983. Budget Bearing Minutes m2- August 23, 1982 Council ad~ou~ned to regularly scheduled coup Time: 6:57 g.m. Date Approved: September 13, 1982 J e i~7ilde Acting City Clerk sting. ~~ .. Kar1,~N.ollenberger City~'I~anager `] 0