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The additional cost of contract plan checking is offset by salary savings and increased revenues. <br /> <br />Other <br /> <br />Other major expenditure increases total about $490,000 and include temporary building <br />inspection assistance to cover peak in workload ($80,000); a correction in the original PERS <br />calculation ($140,000); additional clerical assistance in Public Works ($20,000); a correction in <br />the original budget for telephone costs ($50,000); the reinstatement of the equipment <br />replacement charge ($85,000) which was reduced at the time the budget was adopted in order to <br />fund extra library costs; supplies, dues, advertising ($50,000); legal expenses regarding the <br />appeal of an employee termination ($50,000); and software support which was inadvertently <br />omitted in the original budget ($15,000). <br /> <br /> Overall, staff is recommending that expenditure appropriations be increased by a net $76,363. <br /> <br /> GENERAL FUND RESERVES <br /> <br /> With the changes staff is recommending to the General Fund 1995-96 Budget, a fund balance of <br /> $670,000 is projected. The 10% Reserve for Economic Uncertainties and the Temporary <br /> Recession Reserve will be untouched, and the Capital Projects Reserve will have a balance of <br /> $1.6 million. Actual 1994-95 year-end reserves are compared to adjusted 1995-96 year-end <br /> reserves below: <br /> <br /> Actual Adjusted <br /> 1994-95 1995-96 <br /> <br /> Reserve for Economic Uncertainties $3,660,000 $3,860,000 <br /> Temporary Recession Reserve 3,700,000 3,700,000 <br /> Capital Projects Reserve 1,742,705 1,642,705 <br /> Reserve for Carryovers 1,303,189 470,000 <br /> Reserve for Inventory 81,886 81,886 <br /> Undesignated Fund Balance 0 670.875 <br /> <br /> Total $10,487,780 $10,425,466 <br /> <br /> Reserve for Economic Uncertainties <br /> <br /> The 10% Reserve for Economic Uncertainties is an ongoing reserve to meet unexpected <br /> emergencies such as natural disasters, and economic deficiencies such as the temporary loss of a <br /> major revenue source due to a fire. This Reserve was established in 1990 with the adoption of <br /> the City's Financial Policies. The reserve's projected balance at June 30, 1996 is $3.86 million. <br /> <br /> SR 96:120 <br /> 7 <br /> <br /> <br />