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• Other Cost Reduction Strategies <br />Moratorium on training and travel <br />Limited capital purchases <br />General Fund Budget Comparison ( Approx. $47M reduction over 5 -yr <br />period) <br />:x!!10 <br />,220 <br />5_>00 <br />-r�60 <br />12 <br />00 <br />"rY)S-09 Adripted GF bud et FFY121-1 i ProprJi_d GF budvgei <br />Fiscal Year 2012 -13 Citywide Budget <br />:.136 <br />6.'3'46 <br />. _..�:�o�::;�c.,�m:�,�: ■ww w:d wr:..s.v;e .,�..,w,u;,,..- �esw.,,� <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 />• $1.1M in new Prop. Tax revenues tied to the elimination of RDA (range <br />$1.1 M to $4.8M) <br />• Sales Tax projections provided by MuniServices LLC and Property Tax <br />estimated growth per O.C. Assessors Office <br />CITY COUNCIL MINUTES 13 MAY 21, 2012 <br />1 0A -13 <br />