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POWERPOINT - 75A_FISCAL YEAR 2018-19 PROPOSED BUDGET
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POWERPOINT - 75A_FISCAL YEAR 2018-19 PROPOSED BUDGET
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Last modified
7/2/2018 7:39:51 AM
Creation date
6/26/2018 9:07:26 AM
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City Clerk
Agency
Finance & Management Services
Item #
75A-1
Date
6/19/2018
Notes
FISCAL YEAR 2018-19 PROPOSED BUDGET POWERPOINT
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Removal of fund 92 ($706K) and fund 98 ($1.01VI) deposits (previously reflected in the June 51h budget <br />presentation) <br />Includes OCFXs Service Charge Adjustment of $1.31VI in one-time + $500K ongoing. Funding to <br />be allocated as follows: <br />• Replaces fund 98 deposits and provides funding for one-time costs such as General Plan, <br />Elections & Payroll Matrix ($1M) <br />• $270K to restore youth related programming and Library to remain open on Sundays <br />• $104K additional funding for Quality of Life Team <br />• $80K additional funding for Legal Defense Fund <br />• $300K additional funding for maintenance, landscaping and restrooms at City parks <br />Incorporates an additional $5.21VI in potential revenue from Cannabis Commercial Uses <br />• $2.61M for Youth Programs (Reserve for Appropriation) <br />• $2.61VI for Enforcement (Reserve for Appropriation) <br />• Upon realization of the additional revenue, a spending plan will be presented for future City Council consideration <br />0 <br />
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