What are the projections for revenue in FY 2020/21?

The City is currently projecting revenue decreases of approximately $20 million for next fiscal year. To address these losses, the City Council adopted a new budget in June that outlines reductions in a number of areas. For example, the City has "frozen" approximately 32 vacant positions. Additionally, the Council approved the use of two funds to help balance the budget and address the projected revenue decreases:

  1. Any Non-Recurring General Fund available after the close of FY 2019/20, and
  2. Funding left over after Capital Projects have been closed out and the use of emergency reserves.

There are no layoffs or employee concessions (salary or benefit decreases) included in the recently adopted FY 2020/21 budget except for the voluntary reductions made by the City Manager.

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1. What are the projections for Fiscal Year (FY) 2019/20? Is the City expecting a surplus or a shortfall?
2. What has the City done so far to address the FY 2019/20 revenue shortfall?
3. When will the City know the final tally on revenues and expenses for FY 2019/20?
4. What are the projections for revenue in FY 2020/21?
5. Is the Parks and Recreation Services (PRS) Department being eliminated in FY 2020/21?
6. How often will the City be reviewing the budget, including actual revenues?
7. When will the City’s Fiscal Policies be reviewed/updated?