At 6 p.m. on August 31, Salida City Council will host a regular work session where they will discuss the 2021 budget, specifically changing the “SteamPlant” Enterprise fund to the “Arts and Culture” department within the General Fund, as this better fits what the department now does.
The SteamPlant concept was to be a fee-generating, self-supporting division of the city which was why it was initially set up as an Enterprise Fund. In order for it to meet these criteria, it must generate revenue from direct fees to cover at least 90 percent of the expenses
However historically, and especially this year as the city deals with the impacts of the coronavirus known as COVID-19, it only generates 60 percent of the cost to operate it. If approved, this amendment to the budget will redirect the money from the SteamPlant fund to the General Fund Arts and Culture department.
The council will also review the Fund Balance Policy which helps guide what level of fund balance reserves are available in case of future risks.
A discussion surrounding the F Street vehicle closure (done to support downtown businesses during the COVID-19 crisis) will be another topic on the agenda and the Council will finish the work session with a discussion on the future council meeting schedule.
To preregister, click here. The meeting will be held via GoToMeeting due to COVID-19 and health regulations.