Fiscal Year 2013-2015 Special Budget Meeting

ATTACHMENT FY 2013-2015 BUDGET HIGHLIGHTS Page 9 Table 7: One-Time Expenditure Summary One-Time Expenditure Reductions Descriptions FY 2013-14 FY 2014-15 SAFER Grant $ 3,900,000 $ 3,900,000 IT Equip & Maintenance $ 1,500,000 $ 2,000,000 Total One-Time Exp. Reductions $ 5,400,000 $ 5,900,000 Total Exp. Reductions $ 430,155,612 $ 457,401,684 Percentage of One-Time Exp. Reductions 1.26% 1.29% V. BALANCING THE FY 2013-15 BUDGET The Administration used the budget principles to guide its decision-making during the development of this budget and Table 11 summarizes the proposed budget. The proposed FY 2013-15 GPF budget contains service level augmentation in some areas and reduction in other areas, which will be discussed in the later section. The General Purpose Fund shortfall is further increased due to reductions of other funds. Table 8 below shows the gaps between revenue and expenditure in the proposed FY 2013-15 budget and the related balancing measures proposed for the General Purpose Fund. Table 8: Summary of Balancing Measures Balancing Measures FY 2013-14 FY 2014-15 Revised Projected GPF Revenues $429.50M * $438.12M* Revised Baseline GPF Expenditures $433.63M $454.93M Baseline GPF Shortfall ($ 4.13M) ($ 16.81M) Non-Recovery of OH due to other funds cut ($ 1.13M) ($ 1.26M) Increase in Expenditures ($ 7.02M) ($17.35M) Total Shortfall: ($12.27M) ($35.42M) Expenditure Reductions $11.63M $16.13M Increase in Revenues $ 1.80M $ 7.32M Utilized Fund Balance: ($ 1.16M) $11.97M Net balance: $ -0- $-0- *The projected GPF revenue in October 2012 was revised in March 2013 based on latest data available in property tax, sales tax, business license tax, etc. FY 2013-14 projected GPF revenue increased by $11.51 million and $8.05 million increased for FY 2014-15. Organizational Changes & Service Impacts This budget makes the following organizational changes to reduce expenditures and administrative layers, and in an effort to improve the effectiveness of individual programs and services by aligning them closely with other related functions. In the Service Impacts section of the Proposed Policy Budget, you will find a summary of all of the proposed changes and related service impacts associated with this proposal.