AMENDED Agenda Packet 6-24-19 Meeting

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The FY20 Proposed Budget includes $1.5 million of financial stability strategies to mitigate uncertainty in the out years of the General Fund forecast. By implementing these budgetary actions, the budget gap that begins in FY22 is mitigated and revenues are greater than expenditures in FY25, providing more resiliency to the General Fund and positioning the organization to be responsive as we look to the future. Financial Stability Strategies Financial Stability Strategy FTE Amount Internal Service Fund Rate Charges 0.00 ($445,000) Pension Bond Rate Reduction 0.00 (335,000) Airport Staff Funding Change 0.00 (300,000) Central Services Allocation Change 0.00 (215,000) Community Events Funding Change 0.00 (105,000) Solid Waste and Recycling Fund Transfer 0.00 (100,000) Total 0.00 ($1,500,000) FY20 Proposed Budget Changes - Other Funds Road Fund (Fund 131) FTE Amount Public Works Maintenance and Parks and Open Space Senior Financial Analyst (cost-neutral)2 0.25 $32,000 Telecom Registration/Licensing Fund (Fund 135) Discontinue Annual Transfer from the Telecom Fund (cost- neutral) 2 0.00 0 Construction and Rental Housing Fund (Fund 150) Permitting Systems Redevelopment Funding 0.00 500,000 Permit Review Manager 1.00 153,000 Land Use Lead Position Expansion 0.40 51,000 Code Compliance Staffing Support2 0.30 33,000 Solid Waste and Recycling Fund (Fund 155) Expanded Contract Administration2 0.10 13,000 Community Development Fund (Fund 170) Housing Projects Environmental Review Support 0.00 110,000 Municipal Airport Fund (Fund 510) Increased Police Officer Staffing for New Service to Chicago 2.00 345,000 Airport Police Officer (cost-neutral) 1.00 164,000 Airport Worker 1.00 100,000 Parking Services Fund (Fund 520) Expanded Contract Administration2 0.10 13,000 2 See corresponding FY20 Proposed Budget Changes – General Fund for additional changes. June 24, 2019, Meeting – Item 5