TITLE
Recommendation to endorse the updated Financial Strategic Plan.
DISCUSSION
Proposed FY 06 Financial Strategic Plan Model
% of the
Category No4 N 05 FY 06 Three Year Total Solufion
Updated Sfucfural Budget Gap $1 6,755,000 $39,000,000 $3,500,000 $1 02,255,000
Structural Deficit Remaining from Prior Year $43,000,000 $18,930,534 $29,069,374
tal Sffuctura/ Budget Gap $59,755,000 $57,930,534 $32,569,374
Cany-over from Previous Year ($9,500,000) ($1 0,069,017) ($6,400,000)
Backfill from Sate VLF Loss
Dollars FTE Dollars FTE Dollars FTE Dollars FTE
($7,700,000)
Current Year Budget Gap $50,255,000 $40,161,517 $26,169,374
General Administration and Management
Employee Compensation, Benefits & Work Practices
Contracting Opportunities
Operational and Organizational Changes
Capital Projects and Infrastructure
Maintenance Reductions
Materials, Supplies and Equipment
Recreation Services
Library Services
Public Safety Support and Related Services
Public Safety Emergency Services
Arts and Cultural Programs
Communication, Promotions and Special Events
Business Services and Attraction
($7,153,614)
($3,383,498)
($1,199,229)
($5,384,697)
($163,200)
' ($51 8,365)
($3,948,483)
($590,352)
($853,964)
($3,443,499)
($155,009)
($529,194)
($203,253)
($275,605)
($3,873,069)
($960,000)
($4,710,695)
($2,241,568)
($1,578,226)
($1,683,036)
($598,546)
($394,060)
($1,399,729)
($1,826,906)
($50,000)
($144,739)
($72,326)
($2,000,000)
($2,105,584)
($4,973,034)
($1,000,000)
($5,246,224)
($1 80,000)
($30,000)
($448,487)
($836,101)
($675,814)
($291,000)
($350,000)
($13,132,267)
($10,356,532)
($3,159,229)
($15,341,616)
($2,584,768)
($2,126,591)
($6,080,006)
($2,024,999)
($1,923,838)
($5,134,228)
($1,981,915)
($929,194)
($347,992)
($346,931)
14.2%
11 -2%
3.4%
16.6%
2.8%
2.3%
6.6%
2.2%
2.1%
5.6%
2.1%
1 .O%
0.4%
0.4%
Code Enforcement ($223,656) ($464,217) ($1 50,000) ($837,873) 0.9%
TOTAL EXPENDITURE REDUCTIONS ($28,025,618) -1 74 ($21,996,117) -202 ($1 6,286,244) -37 ($66,307,979)-412 71 -9%
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