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Home My WebLink About03/09/2010 Council Presentation - FY 2011 Budget UpdateStudy Session Objectives • Review Balanced Budget Strategy for FY 2011 • Deficit Reduction Strategies (short-term) • Changes to Strategic Plan structure (longer- term) • Target reduction $4 million • Review updated budget schedule • Council discussion/concurrence with Balanced Budget Strategy and schedule Community Values We are a safe community. • Public safety protects lives and property • Roads/sidewalks maintained We are a clean community. • Graffiti/trash is removed promptly • Grass/trees trimmed in a timely manner We are a healthy community. • Parks are accessible • Recreation is encouraged ^^ ^^ ^ ^ ~~ .~ CC~MM~RC~ Expenditures by Department FY2009-2010 Expenditures by Department As a Percent of Total General Fund Budget $10 ---- --~. $9 $8 $7 $6 $5 $3.9M $4 $3 $2 $1 3.0% 2.8% 2.5% 2.4% 2.1 % 1.4% 1.3% 0 0 0 _,_ ~~G° ~o~ `°o~ ~\~.o, AGO ~o~ `off ~~~ .`~~ ~o~ ~a ~~~ Goy ~~~ o ~G~ ~~`~ ~~~ G~~ Q0 FY 2011 Deficit Reduction Strategies i. Eliminate outside facility leases z. Reduce outside agency funding 3. Fee schedule changes and cost recovery 4. Usage of grant monies s. Voluntary salary reductions (SIP, Sabbatical) 6. Service modifications (i.e. hours of operation) ~. Partnerships with other entities s. Organization-wide furlough options g. Internal reorganization/restructuring io. Excess capacity (vacancies, workload, supplies) FY 2011 Savings Identified to Date Goal Identified to date: ~gal~ning: $4.0 million $1.61 to $2.15 million* $1.85 to $2.39 million vacancy savings, recreation program savings, leases, Rt~ai6m savings, outside agency funding ~dg~~~~t~iasulbi~ffeatic~ul~t~li~jn~trif~n cost 6a,~i~as ~ndeara~ak~lR~r~m~t~(~Fl~~~gng~~~bi~les or restructure; layoffs; other operational savings; N~(anaka~atydf~r~on final insurance savings and level selected for programming) Reviewing Programs & Services through the Strategic Plan Process Strategic plan focus areas need to reflect all programs and services currently provided by the Town • What services are needed? • What services should be provided? • How do we ensure our services are the highest qua/ity? • Our services and ,programs need to be integrated in our strategic plan Key Budget Dates • March 11-17 -Departmental budget review • March 30 -Council study session on final FY 2011 revenue projections; recommended fee changes • April 13 -Council study session, manager presents balanced FY 2011 budget • dune 2 -Tentative budget adoption • )une 15 -Final budget adoption Deficit Reduction Strategies Council Direction i. Eliminate outside facility leases z. Reduce outside agency funding 3. Fee schedule changes and cost recovery 4. Usage of grant monies s. Voluntary salary reductions (SIP, Sabbatical) 6. Service modifications (i.e. hours of operation) ~. Partnerships with other entities s. Organization-wide furlough options 9. Internal reorganization/restructuring io. Excess capacity (vacancies, workload, supplies)