5.1. SR 08-10-2009 - Laserfiche WebLink

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excluding the property tax revenue, As you can see, the revenue generated from other 5DU1'Ce5 is estimated to be $2,OG0,S50 of a total esti~raated budget of over ~12,Q00,000. one additional source that could be used to balance the 2010 budget is use of reserves, In February the Council amended the 2009 budget, Those amendments closely match the actual state aid reductions that were approved by the Governor for 2009, In addition to the amendments adopted, there were other items totaling ~325,D0o that we~.•e identified as potential adjus~.nents. Those included cutting X100,000 £o~• the remaining 1,5 percent cast of living adjustment, cutting ~ 100,000 ~ fleet purchases, adding X79,000 0£ unexpected franchise fee revenue from the cable commission, and other manor budget adjustments. Although the Council hasn't formally adopted these additional budget amendments, in reality, they have been made because no additional pay adjustment will be made, the equipment will not be purchased, and the franchise fee revenue has been received, The , 325,000 ~ 2009 budget amendments could be carried fo~.~vard to help balance the 2010 budget. The 2009 actual revenue and expenditures indicate that the year end projections should come in around the amended budget mal~.ng available the X325,000. Attached is the list o£ budget amendments presented to the Council last February. Finally, department heads and division managers will be at Monday's meeting to go over their 2010 goals and requested budget and to answer your questions. A representative from the Library Board or Librarian Mick Stof£ers will. be in attendance to present the Library budget and answer questions. Additionally, a list o£ possible reductions to the preliminafy 2010 budget will be presented at the meeting. The next budget meeting is scheduled for September $. If the Council is prepared to set the proposed tax levy, the levy resolution may be adopted that night along with the schedule for future budget nra.eetings, As you know, the levy must be certified to the County by September 15; therefore, the latest the Council can tame action on the tax levy is at the September 14 worksession,