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� City of Redwood City <br /> �rdw��d Assumptions Used <br /> �H��'��Bes Year Two Review of City Priorities <br /> 2°°6-2°°$ To Deve I o p <br /> � and General Fund Financials <br /> February 12, 2007 <br /> Preliminary Projections <br /> • ��Status quo" general fund budget - on-going <br /> revenues and on-going expenditures are roughly in <br /> balance - no programmatic increases at this time <br /> pending Council priority setting session . <br /> • Salary and benefits costs for existing employees <br /> have been updated to reflect currently known costs <br /> - i .e. wage increases, retirement costs, health <br /> insurance costs. No changes have been made to <br /> salaries and benefits for casual employees. <br /> • Council approved funding plan for retiree medical <br /> benefits included . <br /> • 2.5% inflation adjustment added to supplies and <br /> services for 2007/08 and 2% in 2008/09. <br /> • No general fund support to the parking fund is <br /> included . <br /> 24 <br />