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Council reviews administrative budget and MET fund, discusses feasibility study and capital priorities
Summary
City staff presented a tentative administrative budget (~$4,000,000) and updated council on the MET fund (current balance discussed at about $1.2M; annual receipts estimated between $750,000 and $1,000,000). Staff proposed budgeting $25,000 for a MET‑fund feasibility study and council debated reserving funds for capital or law enforcement.
City finance staff presented a draft administrative budget and reviewed the MET fund and other city funds as part of the MSD budget conversation.
Staff described the administrative fund as roughly $4,000,000 in the tentative budget, with the broader array of city revenues around $13,000,000 (sales tax, Class C roads, planning fees). On the MET fund, staff said annual receipts appear to be between $750,000 and $1,000,000 and that the city currently holds roughly $1.2 million in the MET fund. The proposal included budgeting $25,000 for a feasibility study to evaluate options for MET fund use. Councilmembers asked for more detailed breakdowns of shared service costs from the MSD and discussed reserving MET resources for capital improvements tied to recent commitments (for example building improvements) vs. using them to cover recurring costs like law enforcement if SLAVISA funding remains constrained.
Finance staff said mid‑year adjustments are allowable and that the MSD distributions (CRA increments) are still pending; council directed staff to provide clearer line‑by‑line cost breakdowns before final adoption.
