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Managers 2009-10 Budget Update April 6, 2009. County of San Bernardino.

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Presentation on theme: "Managers 2009-10 Budget Update April 6, 2009. County of San Bernardino."— Presentation transcript:

1 Managers Budget Update April 6, 2009

2 County of San Bernardino

3 3 General Fund Departments Spending

4 4 Remaining General Fund Financing

5 5 Current Assumptions in Five Year Forecast Property Tax Growth (-6% in , -3% in and 2% thereafter) Sales Tax Growth (-16% in , 0% in and 2% thereafter) Not Fund MOU/Retirement (Except L & J and HS) Not Fund Inflation

6 6 Current Five Year Forecast of General Fund Operations

7 7 Mitigations Need in Five Year Forecast

8 8 Past Five Year Actual General Fund Revenue Growth

9 9 Actual General Fund Operations Activity

10 10 Changes in Actual General Fund Revenue Base

11 11 Prop 172 Revenue

12 12 Realignment Revenue

13 Local Cost Adjustments Reduction for Cut (8% less MOU) Reduction for Cut (Another 8%) Reduction for Workers Comp Rates Reduction for Work Schedule Reduction (4 hours)

14 General Fund Reduction Breakout

15 15 4 Hour Reduction per Pay Period Effective July 1, 2009 Reduced Work Schedule Program One unpaid day off per month Reduce earnable compensation by 5%

16 16 Retirement Incentive Program (RIP) Approved March 3, 2009 Eligible Employees > 50 yrs Retiring between March 3, 2009 and June 30, 2009 $1,000/yr, paid over 5 yrs Delete position and not reinstate for 5 yrs

17 17 Current Balance of Reserves

18 18 County Reserve History

19 19 Stock Market

20 20 Most Recent Quarter Sales Tax Trends for Counties

21 21 Unemployment


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