Laserfiche WebLink
33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />Temporary or Short -Term Bud et Cuts <br />The Council could choose to use short -term measures such as leaving employee positions temporarily <br />vacant, reducing overtime, delaying vehicle and equipment purchases, or reducing Staff training and <br />conferences. <br />However, this would have the effect of spreading an increased workload over less Staff, and effectively <br />prohibiting the City from realizing the optimal value of its vehicles and equipment. While this approach <br />may offset the loss of MVHC for 2009, it would not necessarily provide a viable option beyond 2009. In <br />short, it would not be sustainable. <br />Structural or Long -Term Bud et Cuts <br />Finally, the Council could choose structural or long -term measures such as; organizational restructuring <br />that result in the elimination of employee positions, eliminating programs and services, or reducing service <br />levels. <br />This option presents the most viable option for ensuring financial and operational sustainability. It will <br />better equate the public's ability or willingness to pay for services with the actual demand for those <br />services. <br />Potential 2009 Budget Cuts <br />In recogniton of the expected loss in MVHC in 2009, and possibly beyond, City Staff has compiled a list of <br />potential spending cuts. These cuts are summarized in Attachment A. Bear in mind, that the proposed cuts <br />were based on the premise that the impact from the loss of MVHC should be borne by each department on a <br />proportionate basis based on the 2009 Budget. This represents only one of several formulas that could be <br />used. <br />City Staff will be present at the meeting to address any Council inquiries and impacts from any spending <br />cuts. <br />62 POLICY OBJECTIVE <br />63 It is recommended that the City publicly acknowledge the expected loss of MVHC and its potential impact. <br />64 FINANCIAL IMPACTS <br />65 The City expects to lose $400,000 in MVHC in 2009, and possibly beyond; creating a budget shortfall in <br />66 the property tax - supported programs. <br />67 STAFF RECOMMENDATION <br />68 Not applicable. <br />69 REQUESTED COUNCIL ACTION <br />70 City Staff is seeking direction on whether to make cost - cutting adjustments to the 2009 Budget. <br />71 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Summary of Potential 2009 Budget Reductions <br />B. Staff Memos <br />Page 2 of 4 <br />