RES 94042 - Laserfiche WebLink

The Fire Department reflects a decrease of $35,600 due primarily to $50,300 in salary savings, offset by an increase of $14,700 in vehicle replacement charges. The Police Department reflects an overall decrease of $442,600 antibutable to ,$402,000 in salary savings and a reduction in overtime of ,$43,000. The Planning Department shows a salary savings of $33,650 for the unfilled Housing Specialist. Some line item budget adjustments still need to be made to reflect the organizational changes to accommodate the new Economic Development program. These adjustments will be made in the third quarter report. The Public Works Department reflects a net increase of $1,500. Included are decreases of $51,400 for salary savings and $40,000 for field supplies. Offsetting these decreases are increases in street lighting electrical costs of $75,000 and $20,000 for Civil Engineering software. Overall, staff is recommending that expenditure appropriations be reduced by $569,000, from $34,041,000 to $33,472,000. GENERAL FUND RESERVES With the changes staff is recommending above to the General Fund 1993-94 Budget, the City's projected net income will be $714,000 more than the estimate in the f'trst quarter. Capital Projects Reserve In accordance with the City's Financial Policies, excess funds from the General Fund are set aside in the Capital Project Reserve, and used for capital projects. This has been the funding source for numerous projects over the years. Most recently, the Pleasanton Middle School gym, a portion of the Senior Center funding, and $2.275 million of the funding for the Harvest Park gym have come from this source. The current balance in the Capital Projects Reserve is $1.5 million. The use of these funds will be studied when the 1994-95/1998-99 Capital Improvement Program (CIP) is prepared. Temporary Recession Reserve During the 1991-92 Midyear Budget review, staff recommended the establishment of a temporary reserve to help transition the City's operations as we reduce our expenditure levels over the next couple of years to adjust to the reduced funding level that is expected to result from statewide fiscal problems. Over the last five years, Pleasanton has lost $7.5 million as a result of the State's budget actions, necessitated by the recession. When the City adopted its 1993-94 budget, $900,000 of the funds used to balance the budget came from the Recession Reserve. Since that time, the City lost an additional net $500,000 as a result of the State's budget, bringing the estimated 1993-94 draw on the Recession Reserve to $1.4 million. However, due primarily to the one-time reductions staff has made at midyear for SR 94:100 7