HomeMy Public PortalAboutM2002-08-08-LII_Sp0 ~~
LYNWOOD INFORMATION, INC.
SPECIAL MEETING
AUGUST 8, 2002
The Information, Inc. of the City of Lynwood met in a Special Meeting at 11330 Bullis
Road on the above date at 6:15 p.m.
Vice Chairman Pedroza presiding.
~` Directors Byrd, Richards, Rodriguez and Pedroza answered the joint roll call for all
3 agencies.
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Chairman Reyes was absent.
Also present were City Manager Gonzales, Secretary Hooper and City Treasurer Pygatt.
City Attorney Montgomery was absent.
Secretary Hooper announced that the agenda had been posted in accordance with the
Brown Act.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NONE
PUBLIC ORALS COMMUNICATIONS
Chairman Reyes arrived at 6:30 p.m.
Item #4: PROPOSED FY 02-03 BUDGET PLAN
City Manager Gonzales explained to the Directors that staff presented a three-year
projection of all funds based upon current expenditure level. Based on this analysis, the
Genera] Fund was projected in deficit in FY 2003-2004 fiscal year if current levels of
expenditure are maintained. Given that scenario, the preparation for the proposed FY
2002-2003 budget needs to take into consideration reducing cost and increasing revenue
in order to forestall a deficit. Staff has since adjusted the estimates and refined the three-
year projection. Since April 18 staff has derived improved estimates on the actual
expenditures and revenues to use for the base year as the starting point for the projection.
Staff has also prepared a budget plan that includes corrective measures, which will
achieve a saving of approximately $1.8 million dollars in the general fund if implemented
and would Forestall a deficit in FY 04-05. The corrective measures are as follows:
decrease on operational cost, reorganization of departments for greater efficiency,
enhancement of ongoing revenues, consideration of one-time potential revenues, and
scheduling payback of general fund liabilities.
City Manager Gonzales also explained that the submitted budget plan is not a finished
budget. Its purpose is to provide the Directors with a basic document which after the
Directors review and input can be used in preparation of the line item budget.
City Manager Gonzales stated he would bring back a proposed FY 02-03 line item budget
for a public hearing and the Directors adoption in approximately three weeks.
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Chairman Reyes requested that the City Manager bring back all revenues from each
Department.
Chairman Reyes also stated he would like for the City's staff to meet with the Lynwood
Unified School District in regards with hiring more Crossing Guards and also adding
more speed bumps to the City's street.
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ADJOURNMENT
Having no further discussion, it was moved by Director Byrd, seconded by Vice
Chairman Pedroza and carried to adjourn the Special Council Meeting at 9:45 p.m.
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Arturo Reyes, Ch "rman
Andrea L. Hooper, City Clerk
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