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CASSELBERRY CITY COMMISSION <br />Minutes of March 2, 2022 — Pre -Budget Planning Workshop <br />Page 2 of 9 <br />3. ROLL CALL <br />The City Clerk called the roll of Elected Officials. All were present. <br />4. DISCUSSION ITEMS <br />A. Financial Status and General Fund Forecast <br />Presentation: City Manager Randy Newlon gave a presentation documenting the City's current financial <br />status and General Fund 10 -year forecast which included the following components: <br />City Wide Overview of Major Funds <br />General Fund Analysis and Projections <br />Commissioner Busch left the Commission Chambers at 10: 07 a.m. <br />Commissioner Busch returned to the Commission Chambers at 10:08 a.m. <br />o Assumptions for Projections <br />o Projected Millage Rates (2022-2031) <br />o Projected Ad Valorem Tax Levy <br />0 General Fund Forecast FY2022-FY2026 <br />■ Revenues vs. Expenditures <br />■ Fund Balance vs. Emergency Reserve <br />o Rate Comparison <br />o Questions? <br />The meeting was recessed at 10:42 a.m. The meeting was reconvened at 11:01 a.m. <br />Discussion: Discussion ensued which included: potential for LOGT (Local Option Gas Tax) Fund monies to <br />diminish annually due to the increase in use of electric vehicles; increase in solid waste collection costs due to <br />the increase of the minimum wage requirement to $15 per hour, including contractors, and potential <br />exhaustion of reserves in Solid Waste Fund; the need to revisit monthly collection rates charged to customers <br />and conduct a rate study due to potential exhaustion of reserves, inflation, cost of fuel, etc.; the need to draw <br />down reserves in the Building Fund to remain in accepted balance per auditors; notation that ARPA <br />(American Rescue Plan Act) funding is now called State and Local Fiscal Recovery Funds; utility rate <br />comparisons; concerns about keeping utility rates at a level consistent with surrounding areas, and potential of <br />supplementing with State and Local Fiscal Recovery Funds to be able to do so; continue discussions with <br />Seminole County to allow the City to utilize pipe bursting to replace pipes in unincorporated areas; concerns <br />about fund reserves and revenue deficits; the need for review of City Code related to zoning and land use <br />issues; and water use capacity when new development or annexation occurs. <br />