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<br />REPORT <br /> <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />June 16,2008 <br /> <br />Subject <br /> <br />FY 2008/09 Budget Study Sessions <br /> <br />Attached you will find a copy of the presentation for the June 16 budget study session. <br />The City Manager's recommended budget was included in the May 29 Council agenda <br />packet delivery and has been available on the City's website since that time for the public <br />to review. A bound copy of the recommended budget has also been made available for <br />public review at the City Clerk's Office. <br /> <br />After the budget was printed and distributed we discovered an error on page xiii (General <br />Fund Five Year Projection 2008/09 through 2012/13). The revenues on the row titled <br />"Licenses and Permits" in years 2010-11,2011-12, and 20012-13 was understated as <br />follows: <br /> <br /> 2010-11 2011-12 2012-13 <br />"-'-. $ $ $ <br />Initial version 1,767,000 1,247,000 1,247,000 <br />. , <br />Corrected version 1,817,000 1,517,000 1,617,000 <br />Amount understated 50,000 270,000 370,000 <br />Error as a percent of <br />total revenues .06% .29% .38% <br /> <br />We sincerely regret any confusion or misunderstanding that this oversight has created. A <br />corrected copy of the "General Fund Five Year Projection" is attached for your review. <br /> <br />~~j~:j,~~';: <br /> <br />//".,._,~,..j' <br />i / <br />Brian Ponty <br />Director of Finance <br /> <br /> <br />/, .. <br /> <br />,,~,.,... t.,.",...,..-"" <br /> <br />Peter Ingram <br />City Manager <br /> <br />~ / <br />. ~/~../ <br /> <br />Attachments <br />1. Study Session 1 Presentation <br />2. General Fund Five Year Projection <br />