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SUPPLEMENTAL MATERIAL <br />5 <br /> <br />6. Pg 2 – second paragraph from bottom, states that we will be using $3 million <br />from the capital reserves over the next two-year budget; is it correct that is not <br />allocating funds from the CIP to the operating that is the use of the Rainy Day <br />Fund remaining balance? <br /> <br />A. Yes, that is correct. The Capital Reserve Fund (formerly the Rainy Day Fund) <br />was renamed to add clarity since the funds were set aside to fund the CIP but <br />were pulled back during the COVID years. The intent was to put the funds <br />back into the CIP if not needed during COVID. <br /> <br />7. Pg 29 – Graph at top of page: The modified FY 2024/25 appears to show a <br />deficit, but per the prior presented update, there was a surplus which allocated or <br />restored funding to several programs and internal funds. Please clarify. <br /> <br />A. For FY 2024/25, the modified General Fund budget is $158,729,185 in <br />revenues and $159,032,353 in expenditures, resulting in a deficit of $303,168. <br />This gap was closed through the use of two restricted General Fund reserves, <br />COVID Response & Recovery reserve ($30,000) and Mobile Outreach <br />Vehicle ($280,000), totaling $310,000. The bar chart on page 29 does not <br />include the use of these two restricted reserves for FY 2024/25. <br /> <br />8. Pgs. 33/34 – In the chart of impacts <br />i. Library: How much do the special events, by event cost? For clarity, how <br />much does Movies in the Park cost? How much does the Rose Show <br />cost? How much does the volunteer appreciation reception cost? <br /> <br />A. Please see the following table. While the numbers presented offer a <br />general overview of direct costs, they do not fully capture the true <br />expense of supporting these special events. These events often <br />require significant behind-the-scenes coordination, extended staff <br />hours, and logistical support that aren’t easily reflected in standard <br />budget line items and span multiple departments. The proposed <br />budget reduction would impact our ability to deliver these services at <br />current levels. Efficiencies have been built into the reductions to keep <br />as many services as possible, while meeting necessary budget <br />reduction targets. <br /> <br />Event Cost <br />Movies in the Park – Summer 2024 $15,000 <br />Volunteer Appreciation $5,000 <br />Rose Show 2024 $2,500 <br />Hometown Holiday 2024 $70,500 <br />Cultural Celebrations $36,000 <br />Total ~$130,000 <br />