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POSITIVE CHANGES <br />• Established a culture of innovation and efficiency and <br />stipulated a 1% "Innovation & Efficiency" saving across the <br />board <br />- Equates to approximately $1.4M annual General Fund savings <br />• Added a total of approximately $20M to our General Fund <br />budget since FY 13 -14 <br />• Achieve a combined total of approximately $25M in surplus <br />over the last two fiscal years. This year's surplus estimated to <br />be at least $10M <br />• Result: <br />B <br />GENERAL FUND REVISED FORECAST <br />Sus <br />n � aso <br />\\ uvo <br />szss <br />°z <br />mo <br />sm: <br />smo <br />— Revenues --Expenditures <br />M, <br />eia ,.m sus ,ow v „e ,ye <br />* Current Projected Year -End Revenue FY 14/15 <br />01E4 <br />FY 13 -14 SURPLUS ALLOCATION <br />r. <br />Total Revenues $ 205,741,000 $ 211,499,355 <br />Total Expendhures $ 205,741,000 $ 197,715,980 ®® <br />Final surplus amount: $13,783,375. <br />Highlights: <br />1) Achieved the 20% General Fund Reserve Level of $40.$FA <br />2) Assl9ned to po(eds41,960,000: <br />a) General Plan (including 20-yr Vision Plan & Zoning Ordinance)4750,000 <br />b) Community Development Block Grant (General Fund Assistance) 4340,000 <br />c) I.F. Assessment & Relocafion- $320,000 <br />d) Council Chambers & 81h Floor Improvements - $300,000 <br />e) Economic Development Plan- $250,000 <br />v <br />to <br />CITY COUNCIL MINUTES 10 9 AUGUST 18, 2015 <br />