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<br />~ City of Redwood City <br />RedWood . <br />Clly=:.,-: Budget Study Sessions <br />~ FY 2005/06 <br /> <br />~ <br />, <br />~ <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 />Total Revenues <br /> <br />2004-05 2005-06 2006-07* 2007-08 <br />Budget (Est.) Recommended Recommended Recommended <br />67,823 67,393 71,223 74,109 <br /> <br />Total Expenditures <br /> <br />(67,022) <br /> <br />Prior year reductions <br /> <br />"Initial" Surplus/(Deficit) <br />Deficit - % of exps. <br />Deficit - % of revs. <br /> <br />801 <br />1.20% <br />1.18% <br /> <br />% of deficit covered by reserves <br />expenditure reductions $ <br />(use of)/addition to reserves <br /> <br />801 <br /> <br />(68,976) <br /> <br />(72,857) <br /> <br />(75,819) <br /> <br />409 <br /> <br />(1,301 ) <br />-1.73% <br />-1. 76% <br /> <br />67.00% <br />(429) <br />(872) <br /> <br />Reductions as a percentage of expenditures: <br /> <br />"across the board" 0.56% 0.57% <br />"no cuts to public safety" 1.30% 1.32% <br /> <br />* FY06/07 revenues do not include the State's promise to make a one-time <br />for FY03/04 VLF revenues <br /> <br />(1,583) <br />-2.30% <br />-2.35% <br /> <br />(1,634) <br />-2.24% <br />-2.29% <br /> <br />(1,583) <br /> <br />75.00% <br />(409) <br />(1,226) <br /> <br />Reserve Analysis <br /> <br />July 1, 2004 <br />drawdown <br />June 30, 2005 <br /> <br />26.17% <br /> <br />16,948 <br />801 <br />17,749 <br /> <br />July 1, 2005 <br />drawdown <br />June 30, 2006 <br /> <br />23.99% <br /> <br />17,749 <br />(1,583) <br />16, 166 <br /> <br />July 1, 2006 <br />drawdown <br />June 30, 2007 <br /> <br />20.98% <br /> <br />16,166 <br />(1,226) <br />14,941 <br /> <br />July 1, 2001 <br />drawdown <br />June 30, 2008 <br /> <br />