هم JUST 7 FOUNDED 1829 Austin City Council MINUTES ५ ! - - SPECIAL CALLED MEETING APRIL 17, 1991 9:00 Α.Μ. POLICY PLANNING & BUDGET COMMITTEE MUNICIPAL BUILDING Mayor Cooke called to order the Special Called Meeting of the Council, noting the absence of Mayor Pro Tem Urdy and Councilmember Barnstone. : The Mayor announced the purpose of the meeting was to have discussions on proposed Financial Management Policy, proposed new and increased fees and transfers, and a report on the Budget Focus Groups. A quorum of the Council was not present during discussion of solid waste service, but there was a quorum beginning with part of the General Obligation Debt discussion. During the discussion concerning Brackenridge Hospital, Betty Dunkerly, Director of Finance, said the policy should be changed. Byron Marshall, Assistant City Manager, said that even though rates are set, it does not mean the City will make money. Councilmember Larson said he went to a meeting at Bergstrom Air Force Base and said they are looking for a hospital where they can have co-participation. Mr. Marshall said that will be studied. Mrs. Dunkerly said a proposed new Financial Policy would provide guidelines for use of non-voter approved debt as follows: As a policy, the City prefers to fund capital expenditures with cash or voter approved debt. However, non-voter approved debt may be used when other financing options are more costly and the capital expenditure is urgent, unanticipated, necessary to prevent an economic loss to the City, or revenue generating, resulting in an economic gain to the City within a reasonable time. Street maintenance was discussed and Capital Metro's role in helping pay for same. Some suggested a public hearing or a worksession This will be decided later. Council did not have the time to finish discussion on all items. City Manager Barnett said "We need to call another meeting to finish discussing this agenda, next week." The meeting was adjourned at 10:20 A.Μ.