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00363 <br /> .,v <br /> at?-k\gGF cau� x <br /> r,O..AM Oa GQ.LTSSIO}S 7�uL`io i I enc?� <br /> D--9 <br /> Item Vo_ <br /> ACCIC 1, AGM a1 Tl-t::N 1sS3iTIZ�C <br /> �• UZG DATE 1-19-82 <br /> Subicct: Financial Projections <br /> County Manager Punlic Fi �3xtg= yes X na <br /> - > O=a.tion Coantac�--: Kenneth Thompson <br /> At ccLnent(s) <br /> Phone Iq'r�: Ext. 501 <br /> Pix�-�oses To consider any policy guidance to insure that cash needs are met between <br /> July and November 1982. <br /> fleedt This item is a carryover from the last meeting and follows the January 1, 1982, <br /> memorandum on the same subject. <br /> The 1981-82 budget is based on the Boar'd's desire to set the tax rate at the <br /> lowest level possible fallowing a revaluation. It represents a full estimate <br /> of revenues, expenditures at a base level to maintain operations and a fund <br /> balance that was partially appropriated in lieu of having a higher tax rate. <br /> The fund balance needs to be restored along with other measures, to meet cash <br /> flour requirements for the months (July-November) preceding next ,year's tax <br /> collections. Underspending the 1981-82 budget is a way to do this. Each <br /> department could be asked to underspend by 4 per cent and realize additional <br /> savings through such selective actions as: <br /> 1. Limit building repairs and renovations. <br /> 2. Freeze equipment purchases, <br /> 3. Replace fewer vehicles. <br /> 4. Maintain a freeze on at least 50% of the positions that become vacant. <br /> S. Limit expenditures for travel and training, contingency requests, and <br /> road naming. <br /> The Board may also want to consider scheduling changes in the new year to <br /> include: <br /> 1, Mail tax bills two weeks earlier. <br /> 2. Postpone County capital purchases and construction. <br /> 3. Postpone school capital improvement payments. <br /> Impact: Insure a match between cash availability and cash requirements. <br /> Recommendation(s) : Direct that these or alternative actions be instituted as may <br /> seem prudent. <br />