Bessie's COW report for October
So what did the mayor say to this? Even if the feds say the $3.5 million can be used for general operating expenses and isn‘t restricted for community development uses only, the mayor “believes we should continue to reduce our operating costs…continue the same mentality of not overlooking every cost savings” because, otherwise, we’ll be right back where we are in 3 years. He hopes to bring the pension fund current through 12/06, and then his goal is to put $1 million away if there aren’t any restrictions.
Although Mr. Moore said he agreed with the mayor, he believes that instead of a financial recovery plan, the approach needs to change to considering plans for things like street maintenance and health care costs 5-6 years out. He stressed the need for long term planning and is hoping the proposed budget analyst will put together a comprehensive 5-year plan for every department.
So what did Mr. Schneider say to this? Well, he believes we still need a recovery plan and hates the notion of losing all of it. And he asked a lot of questions about the status of certain items like an energy audit by Duke, the fiscal committee the mayor was going to form and now isn't, the C-9 Trust, direct deposit for payroll, etc. He’s basically on the same page as the mayor - keep cutting costs no matter what.
Now, for the sexy stuff. Mr. Mumper said the city has $700,000 in a special fund for emergencies. And here’s a terrific deal: Mr. Geers said a $1,500 check is going to Matrixx (I’m thinking Matrixx Marketing) that will save us $60,000 next year. And best of all, soon our water meter reader will have a 2-3 pound, hand held computer to do our meter readings! It’s all good.