Managers 2009-10 Budget Update April 6, 2009 - PowerPoint PPT Presentation

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Managers 2009-10 Budget Update April 6, 2009 PowerPoint Presentation
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Managers 2009-10 Budget Update April 6, 2009

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Managers 2009-10 Budget Update April 6, 2009
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Managers 2009-10 Budget Update April 6, 2009

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  1. Managers 2009-10 Budget Update April 6, 2009

  2. Managers2009-10 Budget Update April 6, 2009 County of San Bernardino

  3. General Fund Departments Spending

  4. Remaining General Fund Financing

  5. Current Assumptions in Five Year Forecast • Property Tax Growth (-6% in 2009-10, -3% in 2010-11 and 2% thereafter) • Sales Tax Growth (-16% in 2009-10 , 0% in 2010-11 and 2% thereafter) • Not Fund MOU/Retirement (Except L & J and HS) • Not Fund Inflation

  6. Current Five Year Forecast of General Fund Operations

  7. Mitigations Need in Five Year Forecast

  8. Past Five Year Actual General Fund Revenue Growth

  9. Actual General Fund Operations Activity

  10. Changes in Actual General Fund Revenue Base

  11. Prop 172 Revenue

  12. Realignment Revenue

  13. 2009-10 Local Cost Adjustments • Reduction for 2008-09 Cut (8% less MOU) • Reduction for 2009-10 Cut (Another 8%) • Reduction for Workers Comp Rates • Reduction for Work Schedule Reduction (4 hours)

  14. 2009-10 General Fund Reduction Breakout

  15. 4 Hour Reduction per Pay Period • Effective July 1, 2009 • Reduced Work Schedule Program • One unpaid day off per month • Reduce earnable compensation by 5%

  16. Retirement Incentive Program (RIP) • Approved March 3, 2009 • Eligible Employees > 50 yrs • Retiring between March 3, 2009 and June 30, 2009 • $1,000/yr, paid over 5 yrs • Delete position and not reinstate for 5 yrs

  17. Current Balance of Reserves

  18. County Reserve History

  19. Stock Market

  20. Most Recent Quarter Sales Tax Trends for Counties

  21. Unemployment