Agenda Packets - 1991/11/12 - Laserfiche WebLink

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MEMORANDUM TO: MAYOR AND CITY COUNCIL FROM: SAMANTHA ORDUNO, CITY ADMINISTRATOR DATE: NOVEMBER 7, 1991 RE: PROPOSED ALTERNATIVE REVENUE PROGRAMS Just wanted to share with you a couple of points of clarification regarding the two proposed alternative revenue programs . At the August budget workshop, Council/staff agreed on a proposed 1992 Budget which reduced or eliminated several programs, services and some part time employees . The cuts or reductions were still not sufficient to balance the budget and approximately $56,000 was determined to be used out of the Fund Balance to balance the 1992 Budget. If a Street Light Utility is implemented, approximately $48,000 of budgeted 1992 dollars can be removed from General Fund expenditures . That $48,000 could be used to: 1. Reduce the amount of Fund Balance used to balance the budget: $55,000 -48,000 (Money budgeted in 1992 to light streets . ) $ 7,000 - Balance still needed from Fund Balance to balance budget. 2 . Reinstate some of the cuts made to the 1992 Budget. Each service program or employee reinstatement will than add to the amount of Fund Balance needed to balance the budget: $ 7,000 + 15,000 (Northwest Youth and Family Services) $ 22,000 Needed from Fund Balance + 8,000 (Senior Coordinator $ 30,000 Needed from Fund Balance + 4,000 (Park Seasonal) $ 34,000 Needed from Fund Balance The implementation of the Street Light Utility will address immediate and fUture needs . The implementation of the Franchise Fee will result in no monies for the City in 1992 . There is the possibility that a new Franchise Agreement can be worked out, but again it may not mean revenue to the City for most of 1992 .