Staff presented Riverbank City Council on Monday with a 2009-2010 preliminary operating budget that has anticipated general fund revenues of $6.6 million for a decrease of 9 percent from the current budget.
For the next fiscal year, Director of Finance Marisela Hernandez anticipates a 5.48 percent decrease in sales tax revenue due to changes in the economic climate. The city already has experienced significant declines in several major revenue sources including property tax, building permit fees and motor vehicle in lieu fees.
Department requests for expenditures from the general fund amount to $7.1 million and to meet anticipated expenditures the city will need to draw about $544,000 from reserves.
The coming fiscal year will start with a reserve of $1.1 million or 15.5 percent and staff anticipates the year will end with a reserve of $592,000 or 9 percent.
Working hard to cut expenditures and balance the budget, staff has already reduced employees' positions and service levels.
The city has frozen a position in Parks & Recreation as well as in Code Enforcement. Three permanent part-time employees and two full-time employees have been laid off.
The mid management bargaining unit as well as the executive management staff have agreed to concessions in their contracts such as getting no cost of living adjustment (COLA) for the next fiscal year and accepting one furlough day.
The city has renegotiated contracts with the City Attorney and the City Engineer.
The contract with Grover Landscaping for the mowing of parks has been reduced and the parks department will take back the mowing of four parks including Jacob Myers Park.
Line item adjustments affect every department. They include elimination of Channel 2 special programming, limiting conferences and travel only to those classes that require certification and cancellation of funding for the Sister City program.
For the next fiscal year, Director of Finance Marisela Hernandez anticipates a 5.48 percent decrease in sales tax revenue due to changes in the economic climate. The city already has experienced significant declines in several major revenue sources including property tax, building permit fees and motor vehicle in lieu fees.
Department requests for expenditures from the general fund amount to $7.1 million and to meet anticipated expenditures the city will need to draw about $544,000 from reserves.
The coming fiscal year will start with a reserve of $1.1 million or 15.5 percent and staff anticipates the year will end with a reserve of $592,000 or 9 percent.
Working hard to cut expenditures and balance the budget, staff has already reduced employees' positions and service levels.
The city has frozen a position in Parks & Recreation as well as in Code Enforcement. Three permanent part-time employees and two full-time employees have been laid off.
The mid management bargaining unit as well as the executive management staff have agreed to concessions in their contracts such as getting no cost of living adjustment (COLA) for the next fiscal year and accepting one furlough day.
The city has renegotiated contracts with the City Attorney and the City Engineer.
The contract with Grover Landscaping for the mowing of parks has been reduced and the parks department will take back the mowing of four parks including Jacob Myers Park.
Line item adjustments affect every department. They include elimination of Channel 2 special programming, limiting conferences and travel only to those classes that require certification and cancellation of funding for the Sister City program.
