2017.04.25 CC Minutes - Laserfiche WebLink

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April 25, 2017 Page 3 of 10 Finance Director Davitt reported the comparison shown includes those programs and services that constitute the City's core functions for which changes in financial trends can have a near- term impact on the ability to maintain current service levels. Programs such as debt service and tax increment financing which are governed by pre-existing obligations and restricted revenues are not shown. In addition, expenditures in the City's Fleet and Non -Fleet programs are not shown as these expenditures are specifically tied to pre -funded asset replacement funds. These replacement funds are not susceptible to year-to-year fluctuations and therefore annual reviews are considered sufficient. Finance Director Davitt stated the information is presented strictly on a cash basis which measures only the actual revenues that have been deposited and the actual expenditures that have been paid. This is in contrast with the City's audited year-end financial report which attempts to measure revenues earned but not collected, as well as costs incurred but not yet paid. Finance Director Davitt commented it should be noted that many of the City's revenue streams such as property taxes, are non-recurring or are received intermittently throughout the year. This can result in wide revenue fluctuations from month to month. In addition, some of the City's expenditures such as new capital purchases are also non-recurring and subject to wide fluctuations. To accommodate these differences, a comparison is made to historical results to identify whether any new trends exist. She reviewed the fund balances with the Council and recommended the City's fund balance level be reviewed at a future meeting. Staff recommended approval of the 1St quarter interim financials. Mayor Johnson requested staff add the City's fund balance level to a future worksession meeting agenda. She questioned if the City's Comcast franchise fees would be changing. Finance Director Davitt reported the City would continue to receive the same allotment. 5 Ayes, 0 Nays -Motion Carried 2. Consideration ofa Resolution approving a Special Use Permit for United Theological Seminary, 3000 5�' ST NW. Motion by Councilmember Strub, seconded by Councilmember Burg to adopt a Resolution approving a Special Use Permit for United Theological Seminary at 3000 5th Street NW, subject to 12 conditions. City Manager Lotter indicated Assistant Director of Community Assets and Development/Planning Director Gundlach would be presenting this item to the Council. Assistant Director of Community Assets and Development/Planning Director Gundlach explained the applicant is requesting a Special Use Permit to allow operation of a 300 student, kindergarten thru eighth grade school, out of the existing seminary campus at 3000 5th Street NW. The property located at 3000 5th Street NW is zoned R — 1, Single Family Residential and schools require a Special Use Permit. The seminary is operating under a Special Use Permit that dates to 1961. That approval is specifically for a "theological seminary". Assistant Director ofCommunity Assets and Development/Planning Director Gundlach reported the applicant has stated in their written narrative that two existing campus buildings would be renovated to accommodate the school use, including the two-story McMillan Center and the three-story Spencer Library. The McMillan building is 17,800 SF and would be used for classroom space. The Spencer building is 28,800 SF but only the lower two floors would be renovated for use as a gymnasium and lunchroom. Beyond renovating building space, an 2. Consideration ofa Resolution approving a Special Use Permit for United Theological Seminary, 3000 5' ST NW.