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WSA - BUDGET DISCUSSION 2011-2012_BLACK AND WHITE
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WSA - BUDGET DISCUSSION 2011-2012_BLACK AND WHITE
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7/26/2016 11:05:11 AM
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6/20/2011 10:17:02 AM
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City Clerk
Agency
Finance & Management Services
Item #
WSA
Date
5/16/2011
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Fo', tunately,, as the revenue decHnes continued to emerge 'we did not waft to take action,. <br />Departments developed reduction plans and SUSPended non-criticai expenditures. Overtime <br />was curtailied anid/o,r ell.1-ninated. 'The Mayor and Coutlicil s. owed in approving a <br />series of bud 09-20101 and 2010-2011 f1scal years to <br />getary adjUstments througho, t 'the 20 1, <br />ensure fiscal sta ilifty end., <br />In terms ofreserves it becomes critical to contain and reduce expenditures quic ly to prevent <br />n <br />it' e d'epletilon of General F nd eserves. Like most, Califoi n'a dties, Santa A a rielies on viese <br />fund balance reserves to maintain a positive cash position duringthe clourse of the fiscal year, <br />th <br />it <br />and especially during the first five to six mont s of each fiscal year, s4ncei the majon y of <br />City's reivelnues are not Ireceivied untill December anuary and April/May- <br />I D <br />n ecember of 21008 the City �s ExeCLIt've Management Team deferred salary i ic, eases and <br />In Rfly 21009, the <br />performance-based merit Pay equating to 10% of 'their compensat, <br />CASA), with t�� i n <br />majority of the bargaining groUPS (POA,, 'PMA, FBA, FMA SAMA, e exceptio of <br />
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