HomeMy Public PortalAbout11 November 28, 1978 TC Minutes0
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T01N1 OF YARROW POINT
A special meeting -of the Council of the Town of Yarrow Point to consider
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the 1=ina1 Badyet for 1979 was held on November 2$ q at 7:30 P. M. at
the Town office - 4705 91st Avenue N. E., Yarrow Point. :Notice of said
hearing was published in the Daily Journal/American newspaper on November
1 and November 8, 1978.
Council
Those in attendence were Mayor Minor C. Lile, Dr. Melvin Freeman, Carson
t%heeler and Juanita Loder and Lorraine Diede, Clerk/Treasurer. w >
'the meeting was called to order by the Mayor who requested the Clerk/Treasurer
to review the proposed final budget for 1979.
Mrs. Diede then presented a comparison of: the.preliminary budget with the
proposed final budget as follows:
All Revenue items remain the same except -as follows:
CURRENT EXPENSE & FED. RN. SHARING -Revenue Prela.mina
Unencumbered Carry over of Funds 2,fllb.
Building Permit Receipts 4,000.
Interest Earnings
go
Total $$108,545.
0 RRENT EXPENSE F, FED. REV. SHARING - Expenditures
Legal fees 8,000.
Final
4,782.
5,000.
200.
$112,Sll.
5,900.
Court Costs 350.1 S00.
Engineer (Professional Services) 4,000. 4,000.
Park and Recreation - Capital Outlay -0- 2,000.
Facilities -0- 100.
Library Services - King County 6,700. 7,000.
Bellevue 629. 828.
Total $110,862. $112,511.
S7REET FLINT] - Revenue 19,895,
STREET FEND - EXPTNDTTURES 19,89S.
Special Council Meeting Page 2
Final Budget 1979
Prelimina Final
ARTERIAL STREET FUND - Revenue $46,175.
ARTERIAL STREF.r FUND EXPENDITURES $46,175.
TOTAL BUDGET including Street Contruction Fund
Bond Issue $368,581.
Discussion took place.
Mrs. Loder expressed her concern in keeping the increase in salaries within
the 70 outlined by President Carter.
A line by line review was made of all categories and funds. After discussion,
a motion was made by Dr. Freeman, seconded by Carson Wheeler that the proposed
final budget for 1979 _ Ordinance #Z31 be adopted as presented. Discussion.
The final vote was two - qes, one abstention. The motion carried.
The meeting was adjourned at 9:30 P.-M.
Lorraine M. Diede, Clerk/Treasurer
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TOWN OF, YAR4.Z W POINT
TREASURER'S 'DEPORT
11/20/78
Cash Balance 10/6/78 $14,036.59
Investments " 30,166.49
Receipts 10/6 - 11/20/78
Total 11/�0/78
Less Disbursements
Warrants Paid 11/1 and 11/20 $10,872.23
State Treasurer Oct. 55.00
$44,203.08
19,768.72
$63,971.80
10,927.23
Balance 11/20/78
$53,044.57
Fund
Cash Book Balances
Investments
Totals
Current Expense
$14,876.24
$ 177.80
$15,054.04
Street
4,160.10
5,650.03
9,810.13
Arterial Street
3,824.74
24,330•.73
28,155.47
Federal Revenue
Sharing 17.00
5.87
22.87
Rti Recession
-0-
2.06
2.06
$22,878.08
$30,166.49
$53,044.57
Current Expense Street
Outstanding warrants issued 11/14/78
$16,956.61 $381.53
Outstanding warrant issued 10/10/78 30.00
Legal Fees Outstanding
N. F. 36th St. thru 5/31 3,993.35
Sidelines thru 6/9 2,337.23