MEMORANDUM
TO: City Council
FROM: David J. Deutsch, City Manager
SUBJECT: Proposed Budget Status
DATE: April 30, 2008
The attached recap provides a summary of changes to date in the Proposed Budget.
You can see that they result in an additional use of the Fund Balance in
the General Fund in the amount of $221,600. There is only one change beyond
the $146,400 increase in expected fuel costs, and that is the rollover from
FY08 to FY09 of the Chestnut Avenue parking lot construction project. The
need to move the project to FY09 was mentioned to Council earlier in the
Budget review process. A substitute page had earlier been provided to you.
DJD/asf