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Budget View 2010-11 Presented by Dr. Jack Adams March 5, 2010.

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Presentation on theme: "Budget View 2010-11 Presented by Dr. Jack Adams March 5, 2010."— Presentation transcript:

1 Budget View Presented by Dr. Jack Adams March 5, 2010

2 Approved Waivers & Concessions ~ ~ 1. Froze All Benefits, Step & Salaries Increases 2. Froze All Hires Except Essential 3. Froze All Building Budgets 4. Cut 5 Days—Non Represented 5. Rainy Day Fund 1. $662, $388, $776, $46, $600,000

3 Budget ~$5.6 Billion~ 1. Beginning Fund Balance 2. Revenue 3. Budget Freezes, Concessions and Waivers to Balance Budget 4. General Fund/Federal Recovery/Stimulus 5. Expected Ending Fund Balance 1. $1,500,00 2. $16,199, $1,943, $264, $106,450* *Recommended Ending Fund Balance 5-7% of Budget (or at least $600,000)

4 Now 6.0

5 & STEPS Current Portland COLA = Negative 0.2% in first half of 2009, 0.5% in second half for an “average” of 0.1% for 2009 *Contract COLA % Above *

6 Two Years

7 Comments ~ Questions


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