Res 2005-047 - Laserfiche WebLink

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3. MODERATE: The estimated budgetary sales tax revenue shortfall is between $300,000 and $400.000. or the estimated mmual sales tax revenue is 3% less than the adopted budget. a. Reduce travel and trainin~ budgets. b. Reduce office supplv budgets. c. Eliminate capital outlay expenses. d. Freeze all computer upgrades and new computer purchases. Replacements for non-working computers are allowed. Freeze all external printing and publication expenses. except for leQallv required notices. Scrutinize professional services expenses. Scrutinize repairs and maintenance expenses. EXan1ples - vehicles. communications. office equipment. machinery and buildings. e. f. o ,..,. 4. MAJOR: The estimated budgetarv sales tax revenue shortfall is between $400.000 and $500.000, or the estimated annual sales tax revenue is 4% less than the adopted budget. a. Prepare a Reduction in Force Plan. b. Implement a salary freeze. c. Reduce ovenime budgets. d. Eliminate unfunded capital improvement proiects. e. Defer payments to City-owned utilities for electricity. street lightim!. water and wastewater services. 5. CRISIS: The estimated budgetarv sales tax revenue shortfall exceeds $500.000. or the estimated aIillual sales tax revenue is 5% less than the adoDted budget. a. Service level reductions. elimination of specific programs. reduction- in-force and other cost reduction strategies will be considered. b. Reduce departmental budgets by a tlxed percentage or dollar amount. c. Departments will prioritize service levels and programs according to City Council goals and obiectives. d. Consider four-day work weeks to reduce personnel costs. e. Reduce external program funding ~ social service agencies. City of San Marcos Financial Policy - Revised April 2004 Page 8