Page 419 - Keller FY20 Approved Budget

4. Level IV: The estimated annual revenue is below budget projections for 12 consecutive months, or
is below budget projections by more than 6% for 9 consecutive months. Current economic
conditions and indicators are anticipated to continue and are likely to worsen.
a. Expenditures:
i. Implement Reduction in Force Plan (reduce employee personnel costs, including an
employee furlough plan for time off without pay and/or four-day work weeks, laying
off of personnel, etc.).
ii. Consider other cost reduction strategies.
iii. Reduce departmental budgets by a fixed percentage or dollar amount.
iv. Eliminate external program funding.
v. Reduce and/or eliminate overtime expenses throughout departments.
b. Revenues:
i. Implement property tax rate increase.
ii. Implement water and wastewater rate increase.
iii. Increase user fees.
iv. Implement use of available fund balance.
c. Service Level Impacts:
i. Reduce hours of operations of all facilities.
ii. Implement service level reductions throughout all departments and/or eliminate
specific programs.
iii. Departments will prioritize service levels and programs according to City Council goals
and objectives.
iv. Defer infrastructure and street overlay maintenance.
d. Improvement in Economic Conditions. When the estimated annual revenue equals or
exceeds the budget projections for 3 consecutive months, and economic indicators are
anticipated to continue to improve, initiate Level III.

Adopted December 16, 2008 (Resolution #2780).

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