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Finance Highlights 2009 0519
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Finance Highlights 2009 0519
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5/29/2009 10:03:02 AM
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5/29/2009 10:03:01 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
5/19/2009
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_CC Agenda 2009 0601
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\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0601
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Expenditures: <br />In addition to reviewing revenues, staff has also reviewed expenditures through April <br />2009 that savings continue to develop in Salaries and Benefits and Services and Supplies. <br />In particular, Salaries and benefits may come in under budget by an additional $200,000 <br />for 2008-09. The primary reason for this savings is the "soft" hiring freeze implemented <br />by the City Manager earlier this year. Similarly, a curtailment of certain expenditures <br />such as travel and training is contributing to a savings in the Supplies and Services <br />categories for an additional $100,000 savings in 2008-09. Together these savings amount <br />to approximately $300,000 and offset the revenue reductions discussed above. <br />Staff will continue to monitor all revenues and expenditures in the remaining two months <br />of the fiscal year and report any significant differences from budget. <br />Please let me know if you have any questions. <br />
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