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8-1 <br /> Attachmen#2 Page 5 <br /> Red�rara�City- l�u�ildi►��r� Grea�Camr�ur�ify To�retf�er <br /> CITY C�UNCEL DIRECTION <br /> DEVFtaP111t'G A BAL4IVCED BUDGET <br /> Summary of lune i5, 2�09 City Councit Study Session#1. <br /> Affirmed by City Council Zoo9 <br /> GOAL STATEMENT <br /> We must balance the City's General Fund revenues and expenditures by Fiscal Year 2412/13 to <br /> achieve long-term sustainabiiity. <br /> DIRECTION FR�M CITY COUNCIL <br /> I. Council accepts City Manager's recommended Fiscal Year 2009/10 General Fund and <br /> related funds budget as presented lune 15, 2009. Return to Councit for formaC adoption on <br /> July �.3, 2409. <br /> !t. Council anticipates that additionaf expenditure reductions and/or revenue enhancements <br /> may be required to the Fiscal Year 2009/3.0 budget, depending on the decisions and actions <br /> by the State over the next weeks and months. Therefore, a third City Councii budget study <br /> session has been scheduled for Sept. 14, 2�09. Specific infarmatiQn and expectations <br /> requested by the Council are as follows: <br /> a. Human Services Financial Assistance Program: Do not change the recommended <br /> budget and funding allocations as presented for Fiscal Year 2009/1Q. However, <br /> Council requests additional information on how city dollars are leveraged and the <br /> implications of potential future reductions. <br /> b, Civic Cultural Commission: Do not change the recommended budget and funding <br /> allocations as presented fvr Fisca)Year 2009/10. However, Council reques�s <br /> additional information on implications of potential future reductions and potential <br /> revenue enhancements, including sponsorships and donations. <br /> c. Threat of the State invoking Proposition 1A"borrowing" of property tax revenues <br /> and/or a take of gas tax revenues: Councif requests that sta#f bring matching <br /> expenditure reduction recommendations with some options for Council to consider. <br /> d. General Fund Revenues: Bring back information and refined long-term projections <br /> 1: Proposed business license tax increase <br /> 2. Sales#ax—upda#ed quar�erly reporfi data <br /> 3. Sales tax—auto deaiers and downtown businesses <br /> 4. Parking�und revenues <br /> b. General Fund �xpenditures: More information is desired on the following services <br /> and programs <br /> 1. 1Nithin the recommended Fire Department budget reductions, Council <br /> understands that a Union proposal to change minimum staffing <br />