AgdaPkt 2009-09-14 - Laserfiche WebLink

Browse Search

8A d. Proactively look for opportunities to replace aging facilities by combininjage 6 spaces and uses with other agencies (example - City and County corporation yards). e. Explore new general fund revenue streams from non-traditional enterprise sources. f. Partner with Labor and community organizations to find ways to reduce long-term employee and retiree costs. This important dialogue will continue for some time, as the organization tries to reconcile reduced resources with a strong desire to safeguard the things that make Redwood City exceptional in its service delivery to the community. OTHER INFORMATION REQUESTED BY COUNCIL When the Council concluded the June budget study sessions, part of the resulting direction to staff was a list of informational requests. The following attachments provide specific information and responses to Council comments and questions: . Attachment 4 - Vacancy Management Program - Sept. 2009 Update . Attachment 5 - Follow-up Budget Information Memo to City Council . Attachment 6 - City of Redwood City Strategic Plan - Revised Sept. 2009. Note new section on page 2 - tlCore Service Areas" For reference, the summary document, City Council Direction - Summary of June 15 & 22, 2009 Study Sessions is enclosed as Attachment 7. AL TERNA TIVES The City Council will not be asked to make final decisions as part of this study session on options described above. Instead, Council is asked to provide conceptual or preliminary direction, so that staff may prepare the necessary information for further Council consideration and budget decisions on October 19, 2009. As previously noted, the Council may also identify additional approaches or alternative actions that may be developed and brought back by staff for the October meeting. FISCAL IMPACT As of this time, the known change in the outcome of Fiscal Year 2009/10 is the loss of $2.9 million in property tax revenues to the General Fund. Should the Council take no further action now or before June 30, 2010, the City's reserve balance is estimated to drop to $12.3 million (15.50/0 of revenues) instead of the projected $15.2 million (19.1 % of r~venues). Absent any other changes in projected revenues or expenditures, reserves would then drop further to $11 million (12.70/0 of revenues) by the end of FY 2013/14. Peter In9raX:~ City Manager