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MEMORANDUM <br />--.... . .. <br />TO: ��'�MBEl�S OF THE ROSE,V���I��'.� CITY COUNCIL <br />FROM: AMY IHLAN <br />SUBJECT: REVIEW O F"NEW OBLIGATIONS" FOR BUDGETING <br />PROCESS <br />DATE: SEPTEMBER 26,2005 <br />As part of the budgeting process, I would like to review the "new obligations" listed on the budget <br />spreadsheet to try to identify which items are new spending, and which represent increased costs of <br />existing obligations. <br />I would like to ask the following questions for each listed "new obligation": <br />L Is the item new spending, or an increased cost of an existing budget obligation? <br />2. Is it a one-time expense, or an ongoing obligation? <br />3. Do we need to fund the item in 2Q05? (Is deferral possible? What are the consequences or <br />costs of defer�ing?} <br />4. D o we need to raise the tax levy to pay for the item? (Are tk�exc other budget items that <br />could be cut? Are there available non-levy sources? Wou1d it be appropriate to draw on <br />reserves on a one-time basis? Or some combination of these?) <br />I would also like staff to explain whether "contingency funds" are included as�a�t of the proposed <br />budget, and in what amount. <br />