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39 <br /> <br /> Mr. Caravati said that the construction delay could result in higher construction <br />costs. <br /> <br />Housing Initiatives <br /> <br /> Mr. Chris Cullinan, Budget Director, presented a chart showing funds that can go <br />into housing, and said that it assumes a contribution of $200,000 a year to the capital <br />budget for housing. <br /> <br /> Mr. Satyendra Huja, Director of Strategic Planning, asked if Council wants to <br />make any changes to the Consolidated Plan goals, especially relating to regional goals <br />and rental properties. <br /> <br /> Council had no questions related to the budget concerning the Consolidated Plan, <br />and agreed that an additional $200,000 should go into the capital fund for homing <br />initiatives. <br /> <br />Social Services Issues <br /> <br /> Mr. Robert Cox, Director of Social Services, presented a report addressing three <br />issues: 1) federal, state and local funding for Social Services programs; 2) Child Day <br />Care assistance programs; and 3) the Comprehensive Services Act program Mr. Cox <br />explained that the only the day care issue is proposed for Council action at this time. <br /> <br /> Ms. Daugherty said that the Social Services Advisory Board has been looking at <br />day care issues and would like to carry over funds lettover from last year and has <br />requested an additional $50,000 to address the waiting list for day care.. <br /> <br /> Mr. Robert Cox explained there are not enough state funds to match the City's <br />funds, a problem that exists throughout the state, but additional state money is expected <br />next year which can match with the carry over funds. In addition, the City's funds can <br />serve as match for federal funds. The carry over and additional funds would serve one <br />third of the waiting list. <br /> <br /> Mr. Maurice Cox asked if there are any joint services proposed between the City <br />and County Departments of Social Services, and Mr. Robert Cox said there are currently <br />several joint services, but no new ones are planned. <br /> <br /> Mr. Robert Cox said that discussiOns have begun with the schools to explore how <br />day care and the pre-school program could be connected. <br /> <br /> Mr. Caravati asked if there are any predictions on trends in Social Services, and <br />Mr. Robert Cox said that expenditures have increased, but have mostly been funded with <br />federal and some state money. Day care may continue to grow substantially and the <br />future of foster care caseloads is unknown. <br /> <br />Interest Income <br /> <br /> Mr. O'ConneI1 explained that Mr. Caravati has raised the issue of trying to <br />increase the interest income from $500,000 to $750,000, and said that if Conncil agrees <br />to do this, he recommends that the excess be put in the capital fund as he is concerned <br />about using it for operating funds. <br /> <br /> Ms. l~dchards said the real estate tax and interest income are very different sources <br />o f revenue. <br /> <br /> Ms. Daugherty said she would favor increasing the interest income and <br />designating it for the capital fund for one year. <br /> <br /> Mr. Caravati said he has been trying to tag certain income to tax and thinks the <br />City can sustain a level of $750,000 for interest income for several years. <br /> <br /> <br />