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Expenditure Adjustments <br />Offsetting expenditure adjustments which total $2,250,000 are as follows. <br />.educe Replacement Plan Accruals 1,000,000 <br />. _ _._ <br />.educe Additional Self Insurance Fund Transfer 300,000 <br />.educe Contingency 300,000 <br />~eoatment Cost Reductions 650,000 <br />Reduce Replacement Plan Accruals <br />Staff is recommending reducing the 2007-08 contribution from the General Fund to <br />various Replacement & Renovation Funds by $1 million, reducing the total annual <br />contribution from $5.1 million to $4.1 million. Specifically, this would include Vehicle <br />Replacement Fund ($100,000), Facilities Renovation Fund ($400,000), IT Replacement <br />Fund ($300,000), Fire Apparatus Replacement Fund ($30,000), and Street Light <br />Replacement Fund ($170,000). The remaining fund balances are sufficient to cover the <br />expenditures programmed in the Replacement Plan over the short and medium term. <br />Reduce Additional Self Insurance Fund Transfer <br />A transfer into the Self Insurance Fund was increased from $1 million to $1.8 million in <br />2007-08 and to $1.5 million in 2008-09. This was to partially reimburse the Self <br />Insurance Fund for the $2.1 legal settlement that occurred during 2005-06. Staff is <br />recommending reducing the 2008-09 increased contribution from $1.8 million to $1.5 <br />million. <br />Reduce Contingency <br />The budgeted contingency includes funding for various items which typically are not all <br />expended during the fiscal year. In 2007-08, $300,000 was included for special studies <br />and staff is recommending reducing contingency by that amount. This will still leave <br />sufficient funding in the remaining contingency budget for unforeseen needs that may <br />arise during the last half of the fiscal year. <br />Department Cost Reductions <br />Staff is recommending department cost reductions that total $650,000. These include <br />one-time capital purchases, funding not necessary in the current year, or other items on <br />the margin within departmental budgets and will not affect either staffing or service <br />levels. The specific area of reduction in each department is listed on the following page. <br />Page 5 of 6 <br />