Laserfiche WebLink
<br />~ ~ity of Redwood City <br />RedwOOd , <br />fIIIY""1rIIiI Budget Study Sessions <br />un -., <br />~ FY 2005/06 <br /> <br />FY 2005/06 <br />Recommended Budget <br />and Future Proiections <br /> <br />Projections as of June 2005 (in $OOO's) <br /> <br />" <br /> <br /> <br />Total Revenues <br /> <br />2004-05 2005-06 2006-Ö7* 2007 -08 <br />Budget (Est,) Recommended Recommended Recommended <br />67,823 67,393 71,223 74,109 <br /> <br />Total Expenditures (67,022) (68,976) (72,857) (75,819) <br />Prior year reductions 539 July 1, 2004 <br /> drawdown <br />"Initial" Surplus/(Deficit) 801 (1,583) (1,634) (1,171) June 30, 2005 <br />Deficit - % of exps. 1.20% -2.30% -2.24% -1.56% <br />Deficit - % of revs. 1.18% -2.35% -2.29% -1.58% July 1, 2005 <br /> drawdown <br />% of deficit covered by reserves 67.00% 50.00% June 30, 2006 <br />expenditure reductions $ (539) (585) <br />(use of)/addition to reserves 801 (1,583) (1,095) (585) July 1, 2006 <br /> drawdown <br /> June 30, 2007 <br /> July 1, 2007 <br /> drawdown <br /> June 30, 2008 <br />Reductions as a percentage of expenditures: <br />"across the board" 0.74% 0.78% <br />"no cuts to public safety" 1.72% 1.81% <br />* FY06/07 revenues do not include the State's promise to make a one-time only payment of.$ <br />for FY03/04 VLF revenues <br /> <br />Reserve Analysis <br /> <br />26.17% <br /> <br />16,948 <br />801 <br />17,749 <br /> <br />23.99% <br /> <br />17,749 I <br />(1,583) <br />16,166 <br /> <br />21.16% <br /> <br />16,166 <br />(1,095) <br />15,071 <br /> <br />19.55% <br /> <br />~ <br />~ <br />