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<br /> <br /> <br /> <br /> • Other Cost Reduction Strategies <br /> Moratorium on training and travel <br /> Limited capital purchases <br /> <br /> General Fund Budget Comparison (Approx. $47M reduction over 5-yr <br /> period) <br /> <br /> <br /> rJ <br /> <br /> <br /> JJ rt _ <br /> i <br /> <br /> <br /> 1 y <br /> <br /> <br /> Irk <br /> <br /> Fiscal Year 2012-13 Citywide Budget <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Fiscal Year 2012-13 General Fund Budget <br /> General Fund Underlying Base-Line Assumptions <br /> • FY2011-12 Base negotiated concessions <br /> • Outsourcing of Fire Services (PERS & Security Bond to be paid out of <br /> Benefits and Risk Management Funds) <br /> Departmental Re-orgs and workforce changes <br /> • Funding tied to retirement vacancies (approx. $2.1 M) <br /> • No departmental supplemental requests (approx. $3M) <br /> • Loss of $600K in RDA contributions towards Civic Center Debt Service <br /> (non-enforceable obligation) <br /> • $1.1 M in new Prop. Tax revenues tied to the elimination of RDA (range <br /> $1.1M to $4.8M) <br /> • Sales Tax projections provided by MuniServices LLC and Property Tax <br /> estimated growth per O.C. Assessors Office <br /> <br /> CITY COUNCIL MINUTES 13 MAY 21, 2012 <br /> <br /> 1 0A-13 <br />