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• <br />• <br /> Oember 30.1.6 <br /> .09.1,an increase over 1996's general pad comxibution or 51,250,coo. <br /> of Me new animal shelter.The Administration soon will present to the <br /> nd•ngm ova If proposed caphal projects to he considered for <br /> g'ovemment revenues to CEP a.the City will haveae <br /> reality hprovernen, <br /> .d.Ile past year has seen a substantial <br /> reduedon in Me ryPredictable source of funds to help finance a wide range Of capital <br /> .w.xeratIlloo cash carry COM.wiLll which we <br />• <br /> began Me year.Although technically not,'reserve:historically.. <br /> been an Mmortant safety net NI the ricy The West budget forecasts <br /> the City will end 1996 with an ending fund balance of only 51.2 million. <br /> ibis substantial reduction is the consequence of forecasted 1.6 <br /> expensed of 576.2 million exceeding forecasted 1.6 revenues of 511.1 <br /> differenceis <br /> Irl . sales we <br /> number expense <br /> W,bottombottom line,the end fund balance.miMmize dieir effect on <br /> IlThe <br /> open positions wert left <br /> can Improv actual <br /> mem during 1.6.We will continue to experdes as much es <br /> ending balance somewhat— reduce <br /> n53 million. <br /> Notwithstanding <br /> reduction M tiheCposs.for the remainder of ow beg ty 6ubthe liwlreWlh urt“Ort rdfercn <br /> year <br /> no. Ole Public Safety section,we are...a <br /> adding$+00,000. <br /> includesthe Public Safely Fund.T.proposed 1997 Budget also a 5100,000 <br /> contdbution to Me City,Motor Vehicle Replacement LICSUR Fund as we <br /> continue our plan to restore It to im one.Wne balance of 51 million.Ile has now reaNed target level balances in other tmerves such as tort in, <br /> contingenciesmedical insurance.and medical red police officers a <br /> nd <br /> fire lighters. mainmlNng as another important <br /> element *lire a WIrwnder. ar. <br /> City. <br />• <br /> Slx <br />