Laserfiche WebLink
C. Fiscal Year 2004-2005 <br /> <br /> 1. Pohcy direction regarding revenue generation (i.e., increasing fees)- <br /> a. Council discussion <br /> b. Staff recommendations: <br /> 1. Give staff the option to recommend fee increases of <br /> at least $1M <br /> <br /> 2. Policy direction regarding VLF- <br /> a. Council discussion <br /> 1. How much? When to include VLF cuts in <br /> budget? <br /> b. Staff's recommendation <br /> 1. Develop an initial recommended budget with <br /> VLF revenues in budget <br /> 2. Develop a recommended VLF (cut option) that <br /> can be included at the last minute if VLF not <br /> included in State 04-05 budget <br /> <br /> 3. Policy Direction regarding use of reserves- <br /> . a. Council discussion <br /> 1. What percentages? What years? <br /> <br /> b. Staff recommendations <br /> 1. Staff recommends 50/50 FY 04-05, and 2/3 cuts, <br /> 1/3 reserves for FY 05-06. Worst case is without <br /> VLF~ reserves drop to a low of 10% with VLF <br /> reserves equal 15% in FY 06-07 <br /> <br /> 4. Policy direction regarding deliverables- <br /> a. What does Council want to see in June 2004 (i.e., <br /> options, documents)? <br /> b. Council discussion <br /> c. Staff recommendations <br /> 1. Recommended budget with options. The <br /> options will be a package of alternative cuts <br /> with service level reduction identified so <br /> Council can make changes to recommended <br /> budget. <br /> <br /> <br />