| 2009
General Fund Budget Revenue/Expenditure Comparison |
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| 2008 Projected Ending Fund
Balance $9,895,225 |
17.58% |
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| 2009 Projected General Fund
Revenues |
55,582,611 |
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| 2009
projected expenditure level to balance projected revenues (results in 15.63%
ending fund balance) |
56,694,264 |
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| Increase in projected revenue
2008 to 2009 |
839,193 |
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| 2009 Budget As Submitted (does
not include compensation increase or longevity) |
60,490,000 |
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| GAP - Expenditures versus
Revenues |
(3,795,736) |
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| Discussion points: potential areas to address the gap |
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| Reductions
to departmental submissions |
978,148 |
(2,817,588) |
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| Eliminate from budget all
currently vacant non-public safety positions |
507,015 |
(2,310,573) |
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| Remove
purchase of fire apparatus (2009 request) |
2,370,000 |
59,427 |
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| Other options for one-time
2009 expenditures |
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| Fund
some street maintenance expenditures through sales tax reserve fund |
250,000 |
309,427 |
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| Fund
vehicles/equipment expenditures through equipment reserve fund |
512,300 |
821,727 |
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| Fund
health insurance increase from reatined earnings in health insurance fund |
110,220 |
931,947 |
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| Compensation Information |
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| Wages: Cost of a 1% average merit adjustment - not
in base |
330,000 |
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| Wages: Cost of a 2% average merit adjustment - not
in base |
660,000 |
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| Wages: Cost of a 3% average merit adjustment - not
in base |
990,000 |
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| THIS
DOES NOT INCLUDE THE EXISTING GENERAL WAGE ADJUSTMENT OR 2.5% to 5% MERIT
SYSTEM |
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| Cost to fund 2009 General
Fund longevity payments program |
260,000 |
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| Additional Information |
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| Amount generated through
transit levy |
1,080,000 |
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