HomeMy WebLinkAbout- - FY 09-10 Budget Update Presentation - 3/2/2010ce
FY 09
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FY 09- 10 Fiscal Year End
Revenues
Expenditures
Estimated Use of Fund Balance
* - Revised during Mid Year Review - Feb 2010
Revised
Budget*
$ 90.7m
100. 0)7w
(9.3m)
2
12 Year Historical — Revenues vs. Expenditures
120
110
100
c
0
90
E:%7
70
60
50
Revenues -IF- Expenditures
FY 98-99 FY 99-00 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Adjust
3
Recommendations and, Strategie
1. Freeze on filRarol
'all current vacancies.
4 -
(except Police' and SwornVire to meet
minimums manning)
- Staff had already calculated a savings from the
2-Year Retirement Incentive in the amount of
$3.6 million. By leaving additional positions
vacant, staff is projecting an additional savings
of $500,000.
0
Recommendations and, Strategie
eze all Capital Otlay P ses and
in General
iiis m
roveme �t Proje,*
Fund Revenues. 11
- Staff is requestink6,to PP P ro riate
funds and transfer those fupds back to
proj ct
the
General Fund (the original funding source) in
the amount of $1,467,000.
5
3.
Recommendations and, Strategie
Moratorium o ew programs and services;
expa�s'on of eng programs and services;
and new projects requiring Genera %d
support. 1:
- While there are no anticipated savings, there
will be service impacts. Staff is requesting
this item to allow proper attention to current
services provided and not allow new or
additional service requests.
h
Recommendations and, Strategie
4. Review use of Equipmilent Replace nt
`� Fund (ERF) reserves.
- Staff has analyzed theVRF reserves, and det�:mi�ied
that there are reserves available to suspend charging
General Fund the remainder ofUie fiscal year to
generate a budgetary savings of $1,450,000.
- Staff has also analyzed the Self Insurance Fund, and
determined there are reserves available to suspend
charging the General Fund the remainder of the fiscal
year to generate a budgetary savings of $1,700,000.
Recommendations and, Strategie
5. Initiate discussions with Employee". MA
Associations,,-regardkng wagesind benefits.
- Pending Council direction, management has
not initiated discussions with employee
associations regarding wages and benefits.
However, we believe it imperative to bring
employee associations in the general
discussion of the budget shortfall and ideas.
8
Occupancy Tam (TOV)
Tax for the November
Recommendations and, Strategie
e tax schedum��th..alternative nd
ting resolutions for TriWINWt
and■Busi4ess L ense
2010 ballot.
- Pending City Council direction, management has not
initiated any work related to placing these two items
on the November 2010 ballot. It does not mean ballot
measures will be submitted, just that options will be
developed.
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Recommendations and, Strategie
City Pro send Services to
il for bud prioritization.
M M
i nis strategy is designed to assist with the
decision -making process. The City is at a
point where further budget reductions —
whether in staffing, materials, supplies or
other operating expenses —will result in a
lowered level of service.
10
'Y 09- 10 Fiscal Year End
Rey,:lsed�
Budget* M,
Revenues $ 90.7m
Expenditures 1 100.Om
Subtotal
Impact of Strategies
Total Use of Fund Balance
* - Revised during Mid Year Review - Feb 2010
(9.3m)
5.1m
($ 4.2m)
11
12 Year Historical — Revenues vs. Expenditures
120
110
100
c
0
90
E:%7
70
60
50
Revenues -IF- Expenditures
FY 98-99 FY 99-00 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 09-10
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Adopted Adjust
12
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GENERAL FUND - FUND BALANCE
ELEVEN YEAR HISTORICAL
18010001001
$70,000,000
80, 000, 000
160,000,000
,000,000
30,000,000
+ 2,446,899
+ 1,019,793
+ 8,232,124
+ 4,053,657
+ 1,780,309-7,149,356
- 454,357
- 3,925,833
-19,451,079
-4 214,664
99-00 00-01 01-02 02-03 03-04 04-05 05-06 05-07 01-09 09-09 09-10
Actual Admi Actual Actual Actual Actual Actual Actual Actual Actual Projected
14
GENERAL FUND - CASH BALANCE
$601000,000
$50,000,000
o,aao,000
$30,000,000
120,000,000
$10,000,000
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July 05
FIVE YEAR HISTORICAL
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Jan 06 July 06 Jan 07 July 07 Jan 08 July 08 Jan 09 July 09 Jan 10
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FY 09
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