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<br />REPORT <br /> <br />7A <br />age 1 <br /> <br />To the Honorable Mayor and City Council <br />From the Cit Mana er <br /> <br />March 8, 2010 <br /> <br />SUBJECT <br />Council Direction on FY 2010/2011/2012 Budgets <br /> <br />RECOMMENDATION <br />It is recommended that Council provide staff direction on the preparation of the FY <br />2010/2011/2012 budgets. <br /> <br />BACKGROUND <br />This evening will be the third of a series of three meetings in which the Council will <br />receive information and hold discussions in connection with the preparation of the <br />recommended FY 2010/2011/2012 budgets. <br /> <br />At tonight's meeting the Finance Director will make a brief presentation that includes an <br />estimate of the impacts of a citywide 8% expenditure reduction, a high level summary of <br />revenue options, and a recap of the revenue and expenditure projections provided at <br />the February 8th Council meeting. <br /> <br />At the conclusion of this meeting our goal is that Council will provide staff with clear <br />direction on how to prepare the recommended FY2010/2011/2012 budgets. <br /> <br />FISCAL IMPACT <br />There is no fiscal impact associated with today's presentation. <br /> <br />P1~ <br /> <br />Brian Ponty <br />Director of Finance <br /> <br />Peler Ingram ~ <br />City Manager <br /> <br />~ <br /> <br />ATTACHMENTS <br />None <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />