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1 David Cavazos <br />City Manager <br />s <br />GENERAL FUND FORECAST <br />September 2013 <br />a 6 <br />u�o <br />s.n W W" sM• w" uN vN <br />POSITIVE CHANGES <br />The modernization of the Utility User's Tax ordinance passed <br />with 75% of approval <br />- solidified our 41h largest General Fund revenue source <br />In fact, all of our top 6 revenues have increased by an <br />average of 8.8% over the last 3 years <br />By achieving our reserve level of 20% ($45.3M), we saved <br />millions of dollars ($10.5M) in refinancing costs <br />We solved our jail deficit by negotiating an increase in the <br />per diem rate from $80 to $105 (approximately a 31% <br />increase in the per diem rate) <br />CITY COUNCIL MINUTES 8 AUGUST 18, 2015 <br />1 OA -52 <br />