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Finance Committee General Fund Update <br />May 18, 2010 <br />million for 2010-11. It may be necessary to reduce this amount further once the Assessor <br />delivers the tax roll in July. In other areas, staff has been anticipating certain declines and has <br />prepared conservative revenue estimates for 2010-11. However, until the "Great Recession" <br />finds the bottom it will be necessary to monitor revenues on a routine basis and adjustments to <br />the budget maybe necessary during 2010-11 <br />As is always the case, staff will continue to monitor all revenue sources in the upcoming months, <br />particularly for the General Fund, and assess any impact both to the current year and the <br />upcoming budget year, 2010-11. <br />Please let me know if you have any questions. <br />