Minutes 01/27/2015 - Laserfiche WebLink

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January 27, 2015 At a Regular Meeting of the City Council on Tuesday, January 27, 2015, there were present: Mayor Kenneth I. Wright, Vice Mayor Elizabeth M. Psimas, William E. Moody, Jr., Paige D. Cherry, Dr. Curtis E. Edmonds, Sr., Danny W. Meeks, Dr. Mark M. Whitaker, City Manager John L. Rowe, City Attorney George M. Willson. Pastor Kolbi Shartzer opened the meeting with prayer, which was followed by the Pledge of Allegiance to the Flag by Boy Scout Troop 256. Mayor Wright called the meeting to order and welcomed all in attendance. Motion by Mr. Moody, and seconded by Mr. Meeks, to approve the minutes of a Called Meeting of January 12, 2015, a Called Meeting of January 13, 2015, a Regular Meeting of January 13, 2015, and a Called Meeting of January 20, 2015, and was adopted by the following vote: Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Whitaker, Wright Nays: None 15 - 45 - Presentation:  Presentation of a proclamation for “Constitutional Officer’s Week.” - Public Hearing - 15-46 Public hearing on the proposed Amendment Application to the Virginia Department of Housing and Community Development for the Enterprise Zone. - City Manager’s Report - 15 - 47 - Adoption of an ordinance to appropriate $44,248,512 in additional revenue and $44,248,512 in additional expenditures in the FY 2014-15 Operating and Capital Improvement Budgets. Vision Principle: Efficient, Responsive Government. Background:  The City must amend the FY 2014-15 Budget to appropriate net proceeds from the EZ sale passes to the Treasurer’s budget and additional service costs for Hampton Roads Transit. In addition, an appropriation is needed to transfer funds from the OPEB fund back to the Health Insurance Fund to cover costs, to appropriate Debt Service costs in the Debt Service fund, to appropriate the Clerk of the Circuit Court’s restricted Technology Trust Fund monies funds, and to transfer Museum revenue previously posted to the Donations Fund to the Capital Improvements Fund to cover future Museum Capital Improvements. Discussion:  The City Treasurer began selling EZ Passes to the public in December, 2013. There is a net return to the City of $3 for each pass. Through December, 2014, the cumulative total of that net revenue is $19,614. The Treasurer would like to use these funds for improvements to his office. The source of funds for this appropriation is Unassigned Fund Balance.  The City will incur $231,883 in additional service costs to Hampton Roads Transit for FY 2014-15. The source of funds for this appropriation is Unassigned Fund Balance.  In FY 2010 and FY 2011 the City transferred at total of $5.5 million from the Health Insurance Fund to the OPEB fund This caused the Health Insurance fund balance to be lower than needed to cover fluctuations in health care costs. In FY 2013- 14, $2.5 million was from the OPEB fund back to the Health Insurance fund to cover these additional health insurance costs. An appropriation is needed to transfer the remaining $3 million to the Health Insurance Fund to cover maintain an adequate fund balance to cover potential unexpected health claim costs.