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The recommended adjustment to public works fees is primarily a reduction in the
<br />amount budgeted for construction inspections. Based on 2007-08 YTD
<br />experience it is recommended that public works fees be reduced from $419,504
<br />to $159,212. Actual revenue from construction inspection in 2005-06 was
<br />$455,010.
<br />The 10 year history of property taxes, sales taxes, and development services
<br />fees is shown in Table 4.
<br />Table 4
<br />10 Year History – Property Tax, Sales Tax & Development Fees
<br />10 Year History
<br />Property TaxesSales TaxesDevelopment Fees
<br />% chg% chg% chg
<br />1999-0023,095,1651999-0017,470,8011999-003,172,447
<br />2000-0125,780,18611.6%2000-0121,273,60421.8%2000-013,690,43416.3%
<br />2001-0228,969,90812.4%2001-0217,276,332-18.8%2001-024,029,8569.2%
<br />2002-0331,203,6137.7%2002-0318,385,1046.4%2002-033,376,532-16.2%
<br />2003-0433,310,7766.8%2003-0418,555,6440.9%2003-044,525,84634.0%
<br />2004-0536,670,86610.1%2004-0519,885,6927.2%2004-053,700,929-18.2%
<br />2005-0641,257,24612.5%2005-0620,133,6181.2%2005-063,890,4515.1%
<br />2006-0745,341,1499.9%2006-0721,955,8759.1%2006-073,633,677-6.6%
<br />2007-08*47,065,6773.8%2007-08*21,671,866-1.3%2007-08*3,050,946-16.0%
<br />2008-09*48,876,3563.8%2008-09*21,671,8660.0%2008-09*2,928,445-4.0%
<br />*revised estimate
<br />Recommended Action to Maintain Balanced General Fund Budget
<br />In order to maintain a balanced General Fund budget a number of adjustments
<br />will be required. The recommended actions to offset revenue reductions of
<br />$(4,487,738) include $(2,029,725) in expenditure reductions, $(1,160,000) in
<br />changes to fund balance reserves, and an increase in net transfers from other
<br />funds of $1,298,013 and are itemized in Table 5 below.
<br />Table 5
<br /> Recommended Adjustments to Maintain Balanced General Fund Budget
<br />Recommended Adjustments to Offset Revenue Reduction
<br />Expenditure Reductions
<br />Operating Department Budget Reductions 978,858
<br />Reduce Self-Insurance Fund Transfer 500,000
<br />Reduce Replacement Plan Accruals 550,867
<br />sub total 2,029,725
<br />Changes in Fund Balance Reserves
<br />Carryover funding of remaining 2007-08 Contingency 800,000
<br />Use of carryover funding from 2005-06 100,000
<br />Change in 10% Reserve due to revised revenue estimates 260,000
<br />sub total 1,160,000
<br />Increase from Transfers In
<br />Use of Employee Benefit Fund Surplus 1,298,013
<br />Total 4,487,738
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