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A summary of the tentative budget cuts and cost saving measures by ex enditur for 2003 is <br />as follows: <br />,// . <br />,/ <br />J , , r 1J <br />I/ r <br />r , .N7 <br />ri I�r .. �.. m�llf/ /,// <br />Bud 7 <br />�%///% �%%%%%% i% ��k✓ <br />r <br />.; / /mr /. / / / / % / / /r % / / / /G.i %�.ir, nlll / /F�!� /, l /J,l�7U� 11 %� Y /% / „ri /i, /!rill / %%�, �- <br />' <br />Reduction <br />Reduction # <br />Reduction Maintenance <br />Reduction in Training & Conferences <br />Reduction Capital ■ <br />r <br />+F <br />The total shown in the above table represents the impact on an annual basis. Absent further <br />reductions) one - time use of reserves will be needed in fiscal 2003 to accommodate a phased -in <br />approach to the budget reductions. It is projected that as much as $ o0,o00 in reserves will be <br />needed to phase in these cuts this year and to fund the workforce reduction plan. This plan is <br />detailed below. <br />Some programs and departments such as Community Development, Water, Bearer, etc., are <br />supported by fees (as opposed to taxes and state -aids) and therefore are not included in the <br />budget reductions noted above. <br />In addition to the proposed budget reductions listed above} Council may want to consider <br />reductions in other areas, such as: city contributions for civic and community -based groups, <br />citywide memberships /partnerships, and city commemorative events. <br />Workforce Reduction Plan - Proposed <br />To provide for a reduction in the City's overall workforce, Staff proposes to implement several <br />workforce reduction programs. These include: <br />1) Early Retirement <br />n) The City would offer incentives for employees nearing retirement, whereby the <br />employee agrees to retire earlier in exchange for three (3) months severance pay, <br />and helve (12) months health/dental coverage. <br />b) Employees electing early retirement would receive a payout of their earned <br />vacation and compensatory time in addition to the incentives noted above. <br />c) A window of opportunity would be established., probably thirty (30) days. <br />2) Voluntary Reduction in Workforce . <br />a) The City would offer incentives for employees through a severance <br />agreement/contract whereby the employee agrees to voluntarily resign in <br />