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<br />78 <br />FISCAL IMPACT Page 3 <br />As of this time, the known change in the outcome of Fiscal Year 2009/10 is the loss of <br />$2.9 million in property tax revenues to the General Fund. Should the Council take no <br />further action now or before June 30, 2010, the City's reserve balance is estimated to <br />drop to $12.3 million (15.5% of revenues) instead of the projected $15.2 million (19.10/0 <br />of revenues). Absent any other changes in projected revenues or expenditures, <br />reserves would then drop further to $11 million (12.70/0 of revenues) by the end of FY <br />2013/14. <br /> <br />Peter Ingram'\; .-/ <br />City Manager <br /> <br />ATTACHMENTS <br />1. Reduction Packages <br />2. Detail of Programmatic Reductions <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE (None) <br />