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MINUTES OF THE BUDGET COMMITTEE MEETING AUGUST 7, 1999 The Budget Committee met in special session, Saturday, August 7, 1999, 2:00 P. M., City Council Chambers, City Hall, Paris, Texas. Michael J. Pfiester, Chairman called the meeting to order with the following members present: Councilman Gene McWaters, Jr., Councilman Kevin Gray, Donald G. Wilson, and Vincent Battles. Also present was City Manager Michael E. Malone, Director of Finance Gene Anderson, Projector Coordinator Tommy E. Haynes, and City Clerk Mattie Cunningham. Chairman Pfiester announced that the special meeting was called for the purpose of discussion of financial resources available and goals for the provision of services for the citizens of the City of Paris with regard to the 1999 -2000 City of Paris Budget. City Manager Malone informed the Committee that they had been furnished the current 1998 -1999 Budget with marked places, and he would be asking the Director of Finance, Gene Anderson, to discuss the financial resources with the Committee. City Manager Malone said he would be presenting the proposed budget somewhere around August 15,1999 and the Committee would be furnished a copy of that to look at re- occurring revenue to cover the cost from year to year. City Manager Malone asked Gene Anderson, Director of Finance to give a review of the revenues that he has projected, and to discuss the various funds that make up the budget with particular respect to the Water and Sewer Fund and the General Fund, which are the two main funds that we are concerned with. Mr. Anderson called the Committee's attention to the Consolidated Statement of Resources and Expenditures for the budgeted funds. Mr. Anderson said there was no such thing as one big fund that has all city operations in it. You have different funds for different types of activities. The best example of a special fund that he could think of that everyone would be familiar with is the Water and Sewer Fund. Mr. Anderson commented that in the Water and Sewer Fund here, as in most cities, is an enterprise fund and all that means is the fund pays for itself. It generates whatever revenue it takes to operate that fund, but