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2011/12 General Fund <br />Prior Year Budget Challenges <br />50 <br />45 <br />40 <br />35 <br />N <br />4 30 <br />g 25 <br />H <br />20 <br />15 <br />10 <br />5 <br />0 <br />2011-2012 General Fund Budget <br />Revenues: $196AM <br />Expenditures: $210.OM <br />Budget Deficit: 13.6M <br />Budget Balancing Strategies: <br />EMT cost saving strategies $1.4M <br />Shut down of expenditures throughout the year $3.OM <br />Anticipated vacancy savings $1.OM <br />Borrowing of Internal Service Funds $8.2M <br />General Fund 11 Revenue S ources <br />FY 2011-2012 Estimated Revenues: $210,013,205 <br />Hotel Visitors' Tax Franchise Fees <br />Charges for Services & Fees $6,600.000 (3.1%) $2,820,750 (1.3%) <br />$8,491,164 4.0%) Sales Tax <br />Business Tax $35,957,909 (17.1%) <br />$10,050,000 f4.8°/6)_J <br />Licenses, Permits & Fines <br />$10,799,608 (5.21/6 <br /> <br /> <br />Intergovernmental r =. <br /> <br />y <br />1 <br />roperTax <br />$27 314 956 (13.0%) <br />$12,634,338 (6.(r) : <br />s; f <br />y <br /> <br />Other Revenue & Taxes <br />$12.867.122 (6.1°/ <br />Use of Money & Property <br />Transfer In <br />° <br />Property Tax In-Lieu VLF <br />Utility Users Tax <br />$25,090,000 (12.0%) <br />CITY COUNCIL MINUTES 9 MAY 16, 2011 <br />1 0A-9 <br />FY 2009-10 FY 2010-11 FY 2011.12