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CASSELBERRY CITY COMMISSION <br />Minutes of July 15 and July 16, 2008 - Budget Workshops <br />Page 3 of 3 <br />5. CITY COMMISSION DISCUSSION <br />Discussion ensued regarding the revenue shortfalls experienced in Fiscal Year 2008 and the necessity to <br />utilize unrestricted reserves to even out revenue shortages over the long term; impacts of the CRA term <br />ending in 2015; and the level of unrestricted reserves needed. Concerns regarding the recreation special <br />events and programs recommended to be eliminated were discussed as well as the plan to solicit support from <br />community and private organizations to sustain the remaining special events and programs. No changes to <br />the proposed budget were discussed by the City Commission. <br />Consensus: The Commission consensus was to select voting option #3, to set the tentative millage rate at <br />4.8963 mills. Mayor Goff stated he was in favor of voting option #1. <br />The City Commission will set the tentative millage rate at the July 28, 2008 regular meeting. Once the <br />tentative millage rate is set, the City Commission may reduce the millage rate at the public hearings, but they <br />cannot exceed the tentative millage rate set at the July 28' meeting. The first public hearing for the millage <br />rate and budget for Fiscal Year 2009 is scheduled for September 8, 2008. The final public hearing and <br />adoption of the millage rate and budget for Fiscal Year 2009 is scheduled for September 22, 2008. <br />6. ADJOURNMENT <br />Mayor Goff adjourned the budget workshop on Wednesday, July 16, 2008 at 8:55 p.m. The tentative Budget <br />Workshop for Thursday, July 17, 2008 was cancelled. <br />DATE MINUTES APPROVED BY CITY COMMISSION: /6— /s- 0 <br />ATTEST: <br />i <br />Donna G. Gardner, CMC <br />City Clerk <br />