Fiscal Year 2013-2015 Special Budget Meeting

FY 2013-2015 BUDGET PROPOSAL SUBMITTED BY COUNCILMEMBERS: BROOKS, GALLO, REID New Revenue ^ ^ ^ ^ ^ - ^ ^ ^ ^ ^ ^ ^ ^ j ^ ^ ^ ^ ^ . ^ ^ ^ . ^ ^ ^ ITEM 13-14 14-15 1 Add Revised Revenue Projections beyond baseline as of 3rd Quarter Report (as of 5/22/13) $ 3,020,000 $ 2,460,000 2 Add Undesignated Fund Balance from FY 12-13 ($1,570,000 total) $ 785,000 $ 785,000 3 Add Boomerang Funds (Estimated S4-$10 Million over two years) $ 2,500,000 $ 2,500,000 • City Administrator to Come Back to Council for direction on how to spend funds if boomerang funds come in higher than the estimated S5 million projected here. 4 Add Real Estate Transfer Tax on sale of 3 City Center Buildings - CBRE Investors ($2.7 Mil total) $ 1,350,000 $ 1,350,000 5 Add Funding that was double counted for DIT Licensing & Software (PG. E-70, listed both under general fund and fund 5510) $ , 1,500,000 $ 1,000,000 Subtotal of Additional Available Funds $ . 9,155,000 $ ^ 8,095,000 5/30/2013