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Budget Update

Budget Update. January 14, 2010. FY2010 Budget Update. Non-Construction Local Sales Tax. FY2010 Budget Update. FY2010 Budget Update. Construction Local Sales Tax. FY2010 Budget Update. Reductions January 2010. FY2010 Budget Update. FY2010 Budget Update. FY2010 Budget Update.

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Budget Update

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  1. Budget Update January 14, 2010

  2. FY2010 Budget Update Non-Construction Local Sales Tax

  3. FY2010 Budget Update

  4. FY2010 Budget Update Construction Local Sales Tax

  5. FY2010 Budget Update Reductions January 2010

  6. FY2010 Budget Update

  7. FY2010 Budget Update

  8. FY2010 Budget Update Reductions February 2009 - January 2010

  9. FY2010 Budget Update 9% decrease overall 29% decrease in management Includes 16.8 FTE eliminated January FY2010

  10. Payroll Issues Compensation and Benefit Changes to Employees • Car allowances eliminated—directors and above including City Manager and City Attorney • Eliminated 457 or PEHP employer contribution—0.5% • Eliminated potential 457 employer match—1% • Reduce PTO payout by ½ in FY2009 • Eliminated PTO payout in FY2010 • Reduced PTO drop (80 hours to 40 or 120 to 60) • Implemented $25 per month employee insurance contribution

  11. FY2010 Budget Update

  12. FY2010 Budget Update

  13. FY2010 Budget Update

  14. FY2010 Budget Update

  15. FY2010 Budget Update

  16. FY2010 Budget Update

  17. FY2010 Budget Update

  18. FY2010 Budget Update • Assumptions • State shared revenue formulas unchanged • State does not charge for other services • Car sales and VLT tax • Recession does not deepen • Pavement Management and Vehicle Replacement funded with CIP funds

  19. FY2010 Budget Update Questions?

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