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Minutes - San Leandro City Council Meeting - June 15, 1992 Page - 18 - NEW BUSINESS (continued) ORDINANCE NO. 92-012 (1494) AN ORDINANCE AMENDING ORDINANCE NO. 84-05 RELATING TO A FRANCHISE FOR RESIDENTIAL RUBBISH COLLECTION SERVICE AND AMENDING SPECIFIED TERMS AND CONDITIONS THEREOF Introduced by Council Member Polvorosa, who moved that it be passed to print, seconded by Council Member Kerr, and carried by the following called vote: AYES: Council Members Corbett, Faria, Kerr, Myers, Perry, Polvorosa; Mayor Karp ( 7 ) NOES: None ( 0 ) ABSENT: None ( 0 ) RESOLUTION NO. 92-164 (1494) RESOLUTION APPROVING ASSIGNMENT OF FRANCHISE (HANDYCAN SERVICE) Introduced by Council Member Corbett, who moved its adoption, seconded by Council Member Myers, and carried by the following called vote: AYES: Council Members Corbett, Faria, Kerr, Myers, Perry, Polvorosa; Mayor Karp ( 7 ) NOES: None ( 0 ) ABSENT: None ( 0 ) 8. PUBLIC HEARINGS A. Matter of Adoption of City Manager's Proposed Budget, Fiscal Year 1992- 93, Including Proposed Changes in Fees. This being the time and place for the Public Hearing on the above matter, Mike Oliver described the presentations that would be made by staff. John Jermanis, Finance Director, said the proposed budget is a balanced budget. He said the budget consists of $58.4 million in revenues and $60.3 million in expenditures, with the $1 .9 million difference made up through the use of reserves and loans. He said the General Fund expenditures and revenues equal $40.2 million. He said no tax increases are proposed; the budget is balanced primarily by means of reductions. He said the fiscal year will end with a $1 million fund balance and $1 million dollar Economic Uncertainty Reserve. He then responded to questions which had been raised at the last Work Session on the budget.