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PAGE FOUR <br />SUBJECT: OPTIONS FOR REDUCING THE GAP BETWEEN GENERAL FUND <br />REVENUES AND EXPENDITURES <br />DATE: AUGUST 11, 2009 <br />Illustration B shows the forecast assuming we implement all of the Priority "A" staff <br />recommendations: <br />20, 000, 000 <br />15.000, 000 <br />10, 000, 000 <br />5,000,000 <br />(5,000,000) <br />Illustration B <br />General Fund Forecast <br />If All Priority A Recommendations are Implemented <br />One -Time Grants r <br />Transfers F <br />Post Office Acquisition <br />O ry O <br />t O b O OrO 01 00 O o' O N. 'h 1 5" b 5 <br />,p 1 5' ,�o <br />�R avenue <br />Expenditures <br />F untl Balance <br />-M Inlmum <br />As the illustration shows, implementing the Priority A items improves things only slightly; the <br />fund balance drops below our minimum target in 2012. <br />Illustration C shows the forecast assuming we implement all of the items listed as priority "A" <br />and "B including implementing a transportation fee and cutting General Fund salaries by <br />about $150,000 annually: As this illustration shows, these actions would bring revenues and <br />expenditures back into balance for 2010 through 2012 and maintain the fund balance above <br />our minimum target though 2015. However, after 2012 the anticipated increases in all <br />expense categories (even assuming no increases in service levels) still show expenditures <br />outpacing increases in revenues and a continuing long -term decline in fund balance, <br />