1983 July 18 to 1984 July 9 - Council Packets

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7 MEMO TO; Mayor and City Council FROM: Clerk -Administrator Finance Director DATE: July 12, 1983 SUBJECT: 1984 BUDGET POLICY ISSUES As has been indicated to you previously, several issues have ariacn during staff's preparation of the 1984 Budget which ure feel require Council at tendon and direction before cons Lructive efforts can be made in the preparation of a second draft. Direc- tion on the issues is being requested because they will impact on the revenue and/or expenditure portions of the budget and directly impact upon the ability of staff to present a coherent and reasonably balanced budget. As of the first draft, total requests for the General Fund were as follows: Total Projected General Fund devenues (excluding items listed below) $1,399,034 Total Proposed Operating Expenditures 1,510,781 Total Proposed Capital Expenditures 146,620 Excess of Operating Expenditures over General Fund Revenues ($ 111,747) or 7.4% of expenditures Total Projected Revenue Sharing Revenues $ 51,000 Total Proposed Capital Expenditures 146,620 Excess of Capital Expenditures over Revenue Sharing Revenues ($ 95,620) or 65.2% of expenditures A quick analysis of these numbers even with the knowledge that the budget is in first draft and will experience shrinkage with more strenuous perusal, will lead one to conclude that the task of balancing the budget will not be ar easy one, but can be sim- plified if the more difficult decisions are made in the early stages thus giving everyone a clearer picture of the "problem" during the second round. With that in mind, staff would like to present you with a variety of budget issues which, once direction is given, will clarify the scope of the budget balancing task before us. In order to obtain a full understanding of Items 1 and 2 and the impacts of Items 1 through 4 on the City's General Fund budget, please review the attached memorandum from Finance Director Brager. Please note LhaL not all of the information needed to develop accurate estimates Is available, therefore, certain assumptions were made which are subject to change.