1. Presented by Karen Montgomery Assistant City Manager March 3, 2009
City of Fort Worth FY 2009 Budget Re-Estimates Through December 31, 2008
Presented by
Karen Montgomery
Assistant City Manager
March 3, 2009

2. Purpose of Presentation
Review Re-estimate memo and report
Provide estimate of year end results through December 31st
Identify next steps

3. Overview FY 2009 Budget Re-Estimate Report Through December 31, 2008
Abbreviated Report
Primary focus on General Fund
Actual/anticipated Revenues to Budgeted Revenues
Actual/anticipated Expenditures to Budgeted Expenditures
Overview of
Enterprise Funds
Internal Service Funds

4. General Fund Re-Estimates Through December 31, 2008
Budget on target; 10% Reserve Intact; No mid year course correction needed
Revenues: overall down about $1.3 million
Property tax revenues – down due to slower receipts
Sales taxes – no change (budget already anticipated decline)
Earnings – down due to lower yield on investments
Service Charges - down due to decrease in building permits
Transfers in – up due to transferring excess insurance fund balances
Expenditures: overall down about $1.9 million – will offset the slight revenue shortfall
Departments are managing vacancies (salary savings)
Some Departments had savings due to fewer vacation sell back payments
Only 4 Departments over budget – some due to being fully staffed (no salary savings); will monitor throughout the year

5. City of Fort Worth FY 2009 Budget Re-Estimates
General Fund Revenues
Revenues: overall down about $1.3 million
Property tax revenues – down due to slower receipts
Sales taxes – no change (budget already anticipated decline)
Interest earnings – down due to lower interest rates (3.88% vs 2.66%)
Transfers in – up due to transferring excess fund balances

6. City of Fort Worth FY 2009 Budget Re-Estimates
General Fund Expenditures
Expenditures: overall down about $1.9 million – will offset the slight revenue shortfall
Departments are managing vacancies which will create salary savings
Some Departments had savings due to fewer vacation sell back selections
Only 4 Departments over budget – some due to being fully staffed (no salary savings); will monitor throughout the year

7. Enterprise Funds Water and Sewer Municipal Airports Solid Waste
Stormwater Utility
Municipal Parking
Municipal Golf
Culture and Tourism

8. Internal Service Funds
Equipment Services
IT Solutions
Engineering
Office Services
Temporary Labor

9. Next Steps March 5th Economic Forum - 5 Year Forecast
Revenues/Expenditures updated for 1 more month
More revenue declines but savings increase as well
FY 2009 budget on target; 10% reserve intact
March 19th Re-estimate Report – January 2009
March 24th Presentation of January Report
April 16th Re-estimate Report – February 2009
April 21st Presentation of February Report
Third Thursday of each month - Report distributed
Fourth Tuesday of each month - Presentation of Report

10. City of Fort Worth FY 2009 Budget Re-Estimates
Questions?