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FINANCE & ECONOMIC STATUS REPORT

FINANCE & ECONOMIC STATUS REPORT. 2 nd QUARTER 2009-2010 CITY COUNCIL STUDY SESSION July 28, 2009. Agenda. Unreserved Fund Balance Change Quick Overview of 2nd Quarter 2009 2009-2010 Trends How We Respond to These Trends Next Steps. GENERAL FUND Unreserved Fund Balance Change.

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FINANCE & ECONOMIC STATUS REPORT

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  1. FINANCE & ECONOMIC STATUS REPORT 2nd QUARTER 2009-2010 CITY COUNCIL STUDY SESSION July 28, 2009

  2. Agenda • Unreserved Fund Balance Change • Quick Overview of 2nd Quarter 2009 • 2009-2010 Trends • How We Respond to These Trends • Next Steps

  3. GENERAL FUND Unreserved Fund Balance Change

  4. 2nd QUARTER 2009-10 Overview

  5. 2nd QUARTER 2009-2010Revenue Projection Versus Actuals

  6. 2nd QUARTER 2009-2010General Fund Expenditure by Department

  7. 2009-10 Revenue Trends2nd Quarter Update

  8. 2009-10 Expenditure Trends2nd Quarter Update

  9. 2009-10 Trends2nd Quarter Update

  10. How We Respond

  11. Summary of Changes for General Fund – 2nd Quarter

  12. 2009-10 Trends2nd Quarter Update

  13. Next Steps • 3rd Quarter budget review in late October • Update of Revenue Projections in late October • On-going Senior Management Team Review of Revenues & Expenditures

  14. Measured Approach to Budget Management • Collaborative Process among the Senior Management Team to identify budget opportunities: • Level 1: implement easily • Level 2: high value, relatively low risk and low impact • Level 3: may impact services • Level 4: significant impact on services

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