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FULL PACKET_2011-06-06
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FULL PACKET_2011-06-06
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7/25/2016 4:17:05 PM
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6/3/2011 9:59:09 AM
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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 />FY 2009 -10 FY 2010 -11 FY 2011.12 <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 Sources <br />FY 2011 -2012 Estimated Revenues: $210,013,205 <br />Hotel Visitors' Tax Franchise Fees <br />$6,600.000 (3.1% $2,820,750 (1.3 %) <br />Charges for Services &Fees <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 />CITY COUNCIL MINUTES 9 MAY 16, 2011 <br />1 0A -9 <br />
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