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POWERPOINT - WORK STUDY - FY 20-21 DRAFT OPERATING BUDGET
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POWERPOINT - WORK STUDY - FY 20-21 DRAFT OPERATING BUDGET
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5/18/2020 10:49:16 AM
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City Clerk
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5/19/2020
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FY 20 -21 General Fund Strategies <br />25 <br />Included in draft: <br />•Implement a hiring freeze to maintain current vacancies, resulting in salary savings <br />•Use available General Fund (amount in excess of Policy Reserves) <br />•Use a portion of the Reserve for Economic Uncertainty <br />•Eliminate one-time expenditures from the budget <br />Additional strategies, if needed: <br />•Refinance unfunded pensions liability <br />•Seek concessions with City’s employee bargaining groups <br />•Accelerated separation program for eligible employees
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