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Councilmember Sarmiento proposed that Economic Development <br />remain a priority - generate revenue and attract/retain businesses. <br />Councilmember Benavides suggested branding campaign to better <br />market City. <br />Forecast Assumptions - Revenue <br />11. Returns Former Redevelopment Property Tax to General Fund <br />• Assumes annual receipt of between $1.1 to $5 million (City has <br />received $3.3 million for FY 2012-13) <br />• Assumes $550,000 support from General Fund for Community <br />Development Department programs <br />12. Risk to Significant Revenues Identified <br />• UUT experienced decline in telecommunications revenues (Council <br />Policy discussion on future of UUT) <br />• Water transfer (Council Policy discussion) <br />• Loss of property tax impact dependent on Redevelopment <br />settlement <br />Forecast Model Variables <br />• Revenues <br />• Sales Tax <br />• Property Tax <br />• Utility Users Tax <br />• Other Issues <br />• CDA residual <br />• Water transfers <br />• UUT risk level <br />• Expenditures <br />• Payroll growth rate <br />• Vacancies cut <br />• Maintenance expense added <br />• Service/Supply growth <br />• OFCA Contract <br />• Councilmember Sarmiento proposed other variables be <br />included in forecast model, such as external factors, assets may <br />be long term flow of money. <br />Council Budget-Related Policy Questions <br />1. Providing Labor Strategy Authority <br />2. Acceptance of restructuring of departments' organizations and services <br />provided based on the dollars available <br />3. Affirm strategy of reviewing Police Dept. operations to identify financial <br />savings <br />4. Affirm support of Reserve Levels <br />5. Use of on-going residual from former Redevelopment Agency <br />6. How to address CIP infrastructure needs and deferred maintenance <br />issues <br />7. Modernizing the Utility Users Tax (UUT) <br />CITY COUNCIL MINUTES 5 APRIL 16, 2013 <br />1 0C-5