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X1. <br />EXHIBIT R <br />WAYS TO ABSORB THE REQUESTED PAY INCREASE <br />1. <br />+01 <br />Reduce the City's reserve fund. <br />A. Amount of reserve roughly equivalent to two months worth of expenditures <br />maintained for the last several years. <br />01 -02 $3,384,898 <br />00 -01 $3,420,017 <br />99 -00 $3,288,027 <br />98 -99 $3,187,924 <br />97 -98 $2,746,406 <br />B. Utilize to offset unanticipated or disaster related expenditures (example, <br />December, 2000 ice storm) (see attachment). <br />• interest income is revenue source <br />• build up in excess of 2 -3 months for projected capital costs to <br />prevent spike in tax rate <br />C. Amount of reserve (actual and budgeted), including increased amount to <br />offset cost of constructing and equipping new fire stations. <br />Actual <br />9 -30 -01 <br />$3,615,193 <br />9 -30 -00 <br />$5,686,661 <br />9 -30 -99 <br />$5,289,009 <br />9 -30 -98 <br />$5,631,578 <br />Budgeted <br />9 -30 -01 $3,600,000 <br />9 -30 -00 $4,582,854 <br />9 -30 -99 $4,398,634 <br />9 -30 -98 $3,868,165 <br />Reduce budgeted expenditures for the remainder of the department and for other <br />City departments. <br />A. Cut capital costs. <br />B. Cut salaries and wages. <br />3. Reduction in workforce. <br />4. Raise taxes. <br />