1. 1 Presented to the City Council by Horatio Porter, Budget Officer September 15, 2009 Overview of FY2010 Budget

2. 2 City of Fort Worth Citywide Budget Overview Keep the tax rate flat Implement Fee increases Mandate Furlough days Reduction in Force (183) Preserves Public Safety, clean neighborhoods and fiscal accountability

3. 3 City of Fort Worth General Fund Budget Overview Closed a $59M Gap Largest shortfall in recent history Several program reductions throughout the City

4. 4 City of Fort Worth Fee Increases – Non General Fund FY2010 Changes effective Jan. 2010 Increase is approx $2.10 per month, for typical residential users Implement a 5% late fee on utility bill. There will be a 3 day grace period after due date

5. 5 City of Fort Worth Revenue Changes – General Fund FY2010 Suspend cap on mineral ad valorem tax –Directions Home –Vacation Buyback Assess a payment in lieu of taxes on Enterprise Funds Engage collection agency for past due Court fines Increase fees in Parks, Code, Fire, Library and Planning/Development Sale of Surplus property

6. 6 City of Fort Worth Program / Operational Reductions FY2010 Suspend 3 rd allocation to Housing Trust Fund Reduce Medstar subsidy to FY08 level Reduce / eliminate mowing activities across the city Reduce funding to nonprofits and social programs Reduce street and traffic operations and maintenance Reduce Code Compliance Districts from 7 to 6 Close all city pools except for Forest Park Close and evaluate future of Day Labor Center

7. 7 8 days, equivalent to 3% reduction in pay, 10% pay reduction in pay period of furlough day Furlough Days

8. 8 Establish a committee to study pension benefits for new hires. Withhold making increased contribution until committee provides recommendation Establish a committee to study retiree healthcare benefits for new and existing employees. No across the board pay or step increases for general or fire employees Eliminate tuition reimbursement (Honor the existing approved requests) Increase group health insurance premiums by 12% Employee Compensation

9. 9 Equipment Services Department – Review outsourcing options in FY2010 Information Technology Solutions Department – Review outsourcing options in FY2010 Consider outsourcing possibilities for Aviation, Reprographics and the Cable Office The Herd will be managed by the Convention and Visitors Bureau, pending a proposal Review Policy Statements to enhance spending priorities FY2010 Initiatives

10. 10 Total Citywide Expenditures FY2010 Proposed Budget 10 TOTAL EXPENDITURES: $1,282,451,647 6,425.50 Authorized Positions

11. 11 Total General Fund Expenditures FY2010 Proposed Budget 11 $528,401,543 4,395.45 Authorized Positions

12. 12 Final Public Hearing on the FY2010 Budget Reading and Vote on the 3 Ordinances –Appropriation Ordinance Two Votes –Debt Service Ordinance –Tax Rate Ordinance Resolutions –Suspend the Policy governing the Ad Valorem Tax Revenue on Mineral Values – Before the Vote on the Budget –Ratify the property tax revenue that will be in the FY2010 Budget Today’s Agenda Items

13. 13 Questions 13