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CITf>OF SAN BERNARDIIO - REQUEQ FOR COUNCIL AclCbN
From: WARREN A. KNUDSON, F~.lJ8M1Jl~FF. Subject: REVENUE SHARING PUBLIC HEARING
Dept: FINANCE \985 JUN -6 PM 2: 4\
Date: JUNE 6, 1985
Synopsis of Previous Council action:
Designation of uses of Revenue Sharing Funds by the Mayor and
Common Council in prior years.
Recommended motion:
PUBLIC HEARING ON EXPENDITURE OF REVENUE SHARING FUNDS
Mayo r : Open Hea ri n g
Mayor: Close Hearing
/J~
Ct; (
Signature
Contact person:
Warren Knudson
Phone:
5242
All
Supporting lIata attached: Yes
Ward:
FUNDING REQUIREMENTS:
Amount: $3,538,789
Source: Federal Revenue Sharinq
Finance: 11.. 0, /:.1 ~
Council Notes:
7<;;.n,fi,?
AQenda Item No. c ~
~I~ OF SAN BERNARD.cb - REQUQr FOR COUNCIL ACQON
STAFF REPORT
The Public Hearing for the proposed use of Revenue Sharing Funds has
been scheduled for 10:00 a.m. on June 17, 1985. Revenue Sharing
regulations require that a Public Hearing be held prior to designation
of the use of the funds by the Mayor and COIlIl1On Counci 1. The requi red
legal advertisement has been published in accordance with Revenue
Sharing regulations. The purpose of the Public Hearing is to provide
an opportunity for citizen input on the use of 1985-86 Revenue Sharing
Funds.
Although the amount of Revenue Sharing Funds to be recei ved in 1985-86
remains uncertain, the Preliminary Budget anti cipates funding at the
present level. The amount of anticipated funding is $3,516,789 with
estimated interest earnings of $22,000 for a total amount available of
$3,538,789. These funds may be designated for any budgeted purpose by
the Mayor and COIlIl1On Council. The Preliminary Budget proposes trans-
ferring Revenue Sharing Funds into the General Fund for the purpose of
subsidizing salaries in the areas of Public Safety, Recreation, Social
Servi ces, and Pub 1 i c Servi ces. These recollll1endati Ons may be modi fied
or ratified by the Mayor and Common Council during the Budget process.
Details of the estimated funds available and the proposed uses are
attached.
75-0264
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