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CITY <br />u.,_e_tk_ it 3/I (2009 <br />� u `i ik S-ss icT, <br />O F (Ai/ \ALeekty <br />'4r'» 3/15 frooGy ) <br />INS "KE <br />Memorandum <br />To: Mayor and Council Members <br />From: Al Rolek <br />Date: March 16, 2009 <br />Re: Adjustments to the 2009 Adopted Budget <br />As you are well aware, economic conditions and projected shortfalls in the State's <br />biennial budget are expected to have a significant impact on the City's budget for 2009. <br />Staff has examined some of the potential revenue shortfalls that may occur due to actions <br />that may be taken during this legislative session and other economic factors. We have <br />also explored potential savings in expenditures that may be realized due to personnel <br />attrition and reallocation of levy dollars. <br />Attached is a listing of proposed budget adjustments for conditions that are known today. <br />Staff is forwarding these to you for your consideration in managing the potential budget <br />shortfalls. We will continue to monitor conditions as they may unfold and report back to <br />you periodically. <br />