5.5. SR 08-04-2008 - Laserfiche WebLink

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of ~~ ~- ver MEMORANDUM TO: Mayor and City Council FROM: Tim Simon, Finance Director DATE: July 28, 2008 SUBJECT: 2008 Boys and Girls Club Funding Request Per Council's request, I looked at the funding of the $10,330 in the 2008 budget. Currently the 2008 budget is showing a deficit in the general fund, especially in the building permits revenues. Departments are already monitoring their budgets to stay at or a little below the 2008 budgeted expenditures to help make up some of the differences. In addition, at this time it looks like the council contingency and fund balance reserves may have to be used to offset the shortfalls in some of the revenues for 2008. That is the current status, but things could change as we move closer to year-end if revenues pickup or other departmental expenditures make up the difference. The Council may want to consider waiting until closer to year-end to review the current 2008 budget and revenues in making a decision. The logical choice for a budget amendment would be in the Parks and Recreation programming budget. The Parks and Recreation fall program guide has already been published and any reductions to offset the Boys & Girls Club expenditure would have to come from a reduction in winter programming and warming houses for December. In addition, amending the Park and Recreation programming budget to offset the request would also have to reduce our 2008 recreation revenues for the winter programming. Another option would be to defer the request until later in the year when we do budget amendments and if the financial condition improves use a portion of the council contingency. Currently though, it looks like the contingency may have to be used to offset the shortfalls in some of the current revenues.