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4. DISCUSSION OF 1998-99 OPERATING BUDGET Ms. Acosta was pleased to present the second year of the City's two year budget. She gave a brief overview of the budget' s stability, Pleasanton's potential loss due to removal of the vehicle license fees, and Pleasanton's financial future. She said staff is asking Council to adopt the recommended changes presented. Ms. Rossi presented the staff report regarding the Operating Budget. Mr. Bocian presented the staff report regarding the Capital Improvement Program (CIP). Mr. Pico had several questions: 1) Community expenditures of $25,000 for a cable consultant for TCI versus the $25,000 listed under contract expenditures. Is this two different projects? 2) The $300,000 for the street light loan program that was advanced from the equipment replacement fund would be paid back at a payment of $100,000 with the balance repaid over time. He suggested the repayment of $100,00 be paid from the savings achieved and paid to the General Fund not the Equipment Replacement Fund. 3) He wanted to know what portion of the $172,400 had been set aside in the pool contingency fund for the Cultural Arts Plan. Ms. Rossi answered: 1) This is the same project. The $25,000 appeared in two places for descriptive purposes only; it was not counted twice. 2) Staff recommended an early payment of $100,000 to the Equipment Replacement Fund in order to pay for upgrading the phone system. 3) There are a number of items under the pool contingency fund but staff prefers not to make specific allocations in order to allow for flexibility. Ms. Acosta said the proposal is to set aside $50,000 for the Cultural Arts Plan, but there is not a staff report on this subject as yet. Mr. Pico asked if the list of projects on pages 81-93 were some of the projects being funded by General Fund transfer. Mr. Bocian said yes. Mr. Pico felt there are many projects and it is hard to understand what the $100,000 will be used for. There are millions of dollars in improvements that are necessary. Ms. Acosta said the Parks and Recreation Commission would prioritize the projects for Council. This budget merely provides a little more funding for them to work with when they set their priorities. Mr. Pico had a concern with the amount of money indicated to purchase land for the Operation Service Center. He understood this had been moved up off the unfunded list. He felt Pleasanton City Council 2 06/30/98 Minutes