_____________
____________________________________________________________________________________________ FY 2025-2027 STRATEGIC BUDGET INITIATIVES:
(AMEND CITY COUNCIL PRIORITY WORKPLAN – DECEMBER 13, 2023) APPROVED BY ADOPTED RESOLUTION NO. #2024-167
1. IMPLEMENT A ZERO-BASED BUDGET PLANNING MODEL FOR FY 2025 -27 BUDGET PLANNING TO OPTIMIZE CITY
SERVICE DELIVERY AND GENERA TE ANNUAL GF OPERATING COST SAVINGS FOR ALL CITY DEPARTMENTAL
EXPENSES
2. E
LIMINATE OR SUBSTANTIALLY REDUCE ALL GF OPERATING SUBSIDIES
3. I
DENTIFY NEW GF ANNUAL REVENUE SOURCES
4. NO
(0) FTE INCREASES AUTHORIZED DURING FY 2025-2027 PERIOD (i.e. ZERO-GROWTH; STATUS-QUO)
5. E
XTEND FTE HIRING FREEZE ON ALL FTE VACANCIES DURING FY 2025-2027 PERIOD
6. RE-T
OOL & REVISE ADOPTED FISCAL RESILIENCY POLICY REQUIREMENTS TO REVERSE FORECASTED STRUCTURAL DEFICITS AS ONE-TIME BALANCING MEASURES (FOR FY 2025-2027 PERIOD ONLY)
7. EXPL
ORE USE OF ONE- TIME FUNDS FROM GFDR FUND BALANCE TO REVERSE FORECASTED STRUCURAL DEFICITS AS ONE-TIME BUDGET BALANCING MEASURES (FOR FY 2025-2027 PERIOD ONLY)
8. EXPL
ORE ADDITIIONAL FISCAL MEASURES USING FORECAST MODEL TO REVERSE FORECASTED STRUCTURAL
DEFICITS AS RECOMMENDED BY THE CITY MANAGER
(
SUBJECT TO CHANGE AS RECOMMENDED BY THE CITY MANAGER)
FY 2025-2027 GF STRUCTURAL DEFICIT FORECASTED
FY 2024-25 FY 2025-26 FY 2026-27 CUMULATIVE TOTAL:
(-$2.1M) (-$2.9M) (-$3.7M) (-$8.7M)