Agenda - 03-24-1992 - Laserfiche WebLink

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Board of County Commissioners March 17, 1992 3 All other revenue sources appear to be very close to the budgeted amounts. Slight positive variances are offset by other slight negative variances. From our estimates it appears that we will end the fiscal year still within the approved budget, in that we anticipate using approximately $200,000 of the total appropriated fund balance of about $488,000. But in order to better position ourselves for next fiscal year and to minimize further impact on fund balance, I am planning administrative action to try to ensure that we expend 98% or less of the general fund budget. Below are some suggested steps in order to help achieve this: 1. Adjust the purchase cut off day back to May 1. We estimate that this may save in the range of $100,000 to $150,000. 2. Purchase only capital outlay items which are on the capital outlay listing as approved when the budget was adopted except in cases of emergency (equipment failure, for example). This may save approximately $10,000 to $20,000. 3. Require approval by the Manager's office of all travel associated with conferences and training for all conferences, seminars, courses offered after April 1. This could save approximately $5,000. 4. Request Board of Commissioners's approval to allow the general fund to maintain the surplus realized from the two one half cent sales taxes. This action equals approximately $200,000. 5. Require Manager's approval before recruiting for any vacant position. This is not a.freeze on hiring, but is a step that will ensure that only critical positions are filled. This could potentially save $10,000 to $20,000. The total savings of these steps is between $325,000 and $395,000. Staff and I will continue to closely monitor the budget and advise You of any change in the present analysis. Staff is also looking at current County capital projects to determine if funds could be freed by altering the schedule and /or scope of some of these projects.