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AGENDA ITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: MARCIE MEDINA, DIRECTOR OF FINANCE
VIA: RICK COLE, CITY MANAGER P.---C-
DATE:
APRIL 16, 2001
SUBJECT: AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2000-2001
RECOMMENDATION
It is recommended that the City Council adopt the revised General Fund Budget for FY 2000-
2001.
BACKGROUND
This year, the budget was balanced by using a projected $1.15 million in savings which did not
include an additional $1.0 million allocations undercharge. A review of FY 00-01 General Fund
Budget was conducted. Additional net revenue of$835,000 was identified. Each department
identified 5% reductions in materials and services or staff vacancies.
FISCAL IMPACT
This action will reduce the originally projected budget shortfall from $1.15 million to $521,000.
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