The revenue picture for the county continues to be very bleak. I am posted the various handouts from the April 7, Finance Committee. First, the analysis of revenue. Based upon oral statements from the county administrator last night—even these revenues may have to be revised downward. The five major monthly revenue sources are projected to be $742,669 (See item “A”) below budget. $290,724 (item “B”) of this shortfall will be substituted from new revenue sources or transferred from accumulated, unused balances in other accounts. Thus leaving $451,945 to balance the budget. (742,699-290,945).
Expenditures are being cut. A total of $358,775 of listed expenditures have tentatively been agreed upon as “cuts” from the budget by the various department heads. Thus leaving a remaining $84,820 shortfall. In actuality both the county administrator and the committee chairman, Karl Johnson, believe the shortfall to fall between $80,000-$150,000. Each day the higher figure appears to be more likely.
What has been proposed and is being considered is a “voluntary” program? All employees and the county board members would return voluntarily 4 days of pay, between now and the end of the fiscal year (11-30-2009). The workers would take personal leave days without pay. If successful, that program would bring the budget to near balance by provided $142,365 in savings. Should the voluntary program not meet any department’s goal it is expected that the department head would cut the remaining dollar amount, out of his/her other budgeted expenditures. All of the $142,365 must occur between now and the 11-30-09 year end.
Click on the photocopies to enlarge:
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