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3.4 -A- Z <br />A binder containing a detailed listing of these reductions was furnished to Council on March <br />10, 2003. A copy of this binder is on file in the Council study for your review. <br />Alternative <br />The City Council may accept any or all recommended reductions. To the extent that <br />Council removes any reductions without making reductions (or increases in revenue) <br />elsewhere of a like amount, this year's projected operating deficit will increase (i.e. <br />reserves will be drawn down more quickly). <br />Fiscal Impact <br />The proposed reductions represent 1/3 of the projected operating deficit for fiscal year <br />2002/03. <br />MF - <br />Brian Ponty <br />Director of Finance <br />and Financial Planning <br />Edward Everett <br />City Manager <br />Jill greenhorn <br />Ac untant <br />