HomeMy WebLinkAbout003-92 RESOLUTION NO. 3-92
APPROVING ADJUSTMENTS TO THE 1991-92 FINANCIAL PLAN
WHERF~S, a comparison of recent revenue projections with those prepared prior to
adoption of the 1991-92 budget in July 1991, reflect a shortfall of $790,000, and
WHEREAS, the Town Council held study sessions on November 20 and December 14,
1991 to discuss the impact of the projected shortfall on the Town for the current fiscal
year and future years, and
WHEREAS, staff presented various alternatives detailed inAttachmentA of this resolution;
now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville that the Town Council hereby
adjusts the 1991-92 Financial Plan in the following manner:
1) Reduce operating expenses exclusive of salaries $285,000
2) Elimination of 11 positions 187,000
3) Four day furlough between Christmas and New Years 40,000
4) Capital project savings 100,000
5) Use of other revenues to make C.I.P. contribution 165,000
6) Additional General Fund Revenues - Facility rents/Programs 13,000
Total reductions
$790,000
APPROVED by the Danville Town Council at a Regular Meeting held on January 21, 1992,
by the following vote:
AYES: LANE,
NOES: NONE
ABSTAINED: NONE
ABSENT: NONE
SHIMANSKY, GREENBERG, DOYLE, RITCHEY
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK