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6.3.D. - Page 1 <br />REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />July 11, 2011 <br />SUBJECT <br />Fiscal Year 2011 -12 Budget <br />RECOMMENDATION <br />By resolution, adopt the FY 2011 -12 budget. <br />BACKGROUND <br />On June 20 and 27 the City Council held budget study sessions at which times the <br />Council reviewed the published recommended FY 2011 -12 budget as submitted by the <br />City Manager, which was subsequently revised for labor concessions received from the <br />RCMEA and SEIU bargaining units after the recommended budget document had been <br />prepared. In accordance with the direction provided by Council at the June 27 budget <br />study session, the list of approved changes is included as part of the budget that is now <br />submitted for City Council adoption. <br />Following is the list of changes that have been made to the proposed General Fund <br />budget related to the RCMEA and SEIU labor concessions and the reduction in Human <br />Services Financial Assistance (HSFA). <br />Changes to conform budget to labor concessions: <br />• RCMEA and SEIU labor concessions and related decreases to Internal Service <br />Fund charges totaling $842,424 reduction in expenditures; <br />• Decrease transfer out of General Fund to Parking Fund by $13,277; and <br />• Decrease transfer out of General Fund to Traffic Safety Fund by $14,612. <br />Council directed changes: <br />• Decrease expenditures for HSFA by $60,756. <br />With the exception of the HFSA changes, these other changes were incorporated into <br />the presentation staff made at the June 20, 2011 budget study session. Accordingly, <br />General Fund deficits are still projected in the coming years. <br />The foregoing changes will: <br />• Decrease the budgeted general fund expenditures in FY 2011 -12 by $903,180 from <br />$79,632,580 in the recommended budget to $78,729,400; and <br />