HomeMy WebLinkAboutProposed Fiscal Year 2009/2010 Budget - City Administrator aProposed FY 0 9/10
Budget
Fred A. Wilson Bob Wingenroth
City Administrator Director.of Finance
FY 2009/10 Total Appropriations
General
Enterprise
Special
Trust &
Capital
Debt
Fund
Revenue
Agency
Service
$181,345,941
$67,259,250
$9,865,667
$8,811,595
$10,956,684
$26,220,125
Enterprise General Fund s Special Revenue
Trust & Agency ■ Debt Service 0 Capital
FY 1 1 91' Proposed General
FundBudget
® Expenditures- $181,345,941 • Revenues- $181,345,941
-Personnel ®Operating
a Capital Debt Service/Transfers
*Sale6Tax 0Property Tax
•Utility Tax Licenses&Permits
* Fines ■ Use of Money & Property
* Charges for Service -Other
e Transient Occupancy Tax
Proposed
o•• U
Adopted FY 2008/09 Budget
$205, 000
$200,000
--
$194, 690
$195,000 _
_--
$190,000
, .-.------.
$185,000
$199,152
$180, 000
r -
$175,000
,.
'-
$170 000
_-
o
$165,000r*�
General Fund Revenue General Fund Expenditures
ca FY 2008/09 m FY 2009/10
I
4
FY 2009/10 Proposed General
Fund Budget
• All departments asked to reduce their operating budgets for a
citywide decrease of 4.5% from the FY 2008/09 adopted budget
Total reductions approximately $9 million
• Capital expenditures reduced from $10.5 million in FY 2008/09 to
$1 million in the proposed FY 2009/10 budget
• Planned continuation of the hiring freeze
Approximately 70 positions currently vacant
• Increased revenue received in FY 2009/10 due to the increase of
the retirement property tax rate will be set aside for future
CalPERs rate increases
• Memoranda of Understanding assumptions include contractually
obligated increases with 0% after contract expiration
Reserve Policy Update
® Long term strategy to guard against risk; initially
sets aside 6 weeks of operating expenditures or
11 % of General Fund revenues
® Retains all funds currently reserved for equipment
and capital
• Use of Reserve is transparent and requires
Council action
®Questions?
Comments
Proposed FV 2009/10
Budget