HomeMy WebLinkAbout11/08/2011 00 Misc Distributed at the Meeting 1))s 4 b04-Q C /177///
City of Yakima
2012 Budget Highlights
Balanced, Core Services Reduced
• Total Budget – $187.4 M (10.2% or $21.1 M less than 2011)
o Capital Project funds – $36.5 M ($16.7 M less than 2011)
• General Government -- $57.9 M (1.2% or $0.7 M less than 2011)
o POG Model followed to balance with no use of reserves
• Budgeted Reductions $1.4 M– 13 FTE's for $1.1 M, Other $0.3 M –
vacancies-no layoffs
• Over 3 years -FTEs reduced by over 40 and 8%
o Reserves within minimum levels -- $5.6 M or 9.7% of Exp. Budget
o Revenues $57.8M (0.9% or $0.5 M more than 2011 Est.) Same as 2008
actual
o Flat revenues + higher operating costs = service reductions, sustainability issue
Budget Pressures
• Revenue Losses:
o State - Shared Revenue -3.8% reduction, and formula changes
o Charges for Services — expected downturn in construction related fees
• Public Sector costs:
o Property & Liability; Health Insurance
o Pension contributions
o Fuel
Budget Contingencies
• State budget reduction proposal— eliminate liquor distributions 7/1/12 - $0.5 M
2012 ($1 M annual)
• Union negotiations -Zero increase for all major units
• Additional reduction package of $0.75 M (including 8 FTEs -5 layoffs, 3 vacancies)
Tax/Fee Alternative to Budget Reductions
• Impose in -lieu utility tax on Stormwater (between 9 % -14 %) $180,000- $240,000
• Planning fees to cover costs 100% - $165,000
Other Objectives
• First proposal follows City Council Budget Priorities Model— Supplemental hits
Resource Mgmt. & Econ. Dev.
• Services reduced to stay within available Resources
• Invests in the City's Infrastructure and Local Economy
11/1/2011