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<br /> (p. ,,1 <br /> . <br /> REPORT <br /> To the H onorable Mayor and City Council <br /> From the City Manager <br /> July 12, 2004 <br /> Subject <br /> Fiscal Year 2004/05 Budget <br /> Reconvnendatlon <br /> It is recommended that the ordinance adopting the 2004/05 budget be introduced. <br /> Background <br /> On June 2151 and 281h the City Council held budget study sessions at which the Council <br /> reviewed and, by motion, conceptually approved the Recommended FY2004/05 budget as <br /> submitted by the City Manager. <br /> At the June 2151 budget study session the City Council also directed the City Manager to <br /> identify at least $1 million in additional general fund expenditure reductions or revenue <br /> increases and present these to the Council within 90 days. The additional expenditure <br /> reductions for FY2004/05 are not to include any further reductions to the Police <br /> Department, Fire Department, or City Clerk Department. <br /> Budget Corrections <br /> Since the budget was published, staff has identified the following two clerical errors that <br /> should be corrected in the adopted version of the budget: <br /> 1. Delete .26 full time equivalent (FTE) of X160 Skilled Craft Worker, or $16,700 out of <br /> capital improvement engineering, as this portion of this employee was transferred into <br /> the Parks, Recreation and Community Services budget. <br /> 2. Shift 1.0 FTE Senior Civil Engineers and 2.0 FTE Assistant Engineer II's, or $343,461 <br /> from the capital improvement engineering funded by the capital projects fund to the <br /> same program funded by the water fund for the recycled water project to accurately <br /> reflect these positions in the correct fund. <br /> A copy of the Proposed Budget is on file with the City Clerk for public review. <br /> Briat!1/J ~ <br /> Edwar verett <br /> Director of Finance and City Manager <br /> Financial Planning <br /> . <br /> ~'" ,-" - <br /> . . <br />