1994 FEB 25 CC MINMINUTES OF THE ADJOURNED REGULAR MEETING
OF THE EL SEGUNDO CITY COUNCIL
February 25, 1994 - 7:00 P.M.
CALLED TO ORDER by Mayor Jacobson at 7:00 P.M.
PLEDGE OF ALLEGIANCE - Councilman Switz
ROLL CALL
Mayor Jacobson
- Present
Mayor ProTem Wise
- Present
Councilman West
- Present
Councilman Switz
- Present
Councilman Robbins
- Present
PUBLIC COMMUNICATIONS - (Related to City Business Only) - 3 minute limit per person, 30
minute limit total) - NONE
A. SPECIAL ORDER OF BUSINESS
To present estimated fund balances at 6/30/94; to review and discuss revenue and
expenditure projections for FY 1994/95; to provide a brief overview of projected
revenues for the next 5 years; and to receive direction from the City Council regarding
the preparation of FY 1994/95 departmental budgets.
City Manager James Morrison and Finance Director Steve Klotzsche presented reports
to Council on the estimated fund balances based on revenue and expenditure projec-
tions prepared by the Department Heads and Finance Department.
Discussion ensued regarding revenue and expenditure projections, general fund and
other fund balances, and general information regarding revenue descriptions and major
sources based on current economic forecasts available.
MOVED by Mayor Pro Tern Wise; SECONDED by Councilman West for General Fund
Revenue total to be $:30,658,537 with a review by Council in seven months. MOTION
PASSED BY UNANIMOUS VOICE VOTE 510.
PUBLIC COMMUNICATIONS - (Related to City Business Only - 5 Minute limit) - NONE
CLOSED SESSION
NONE
ADJOURNMENT at 8:41 p,m. to March 1, 1994 at 5:00 p.m.
ora reem r
De ty City Clerk