Page 25 - Grapevine FY23 Adopted Budget (1)

BUDGET CONTINGENCY PLAN

In 2007 the city developed a Budget Contingency Plan to serve a two-fold purpose of:
(1) Enacting structural changes that affect the short-term financial outlook;
(2) Remain in place to monitor financial conditions and serve as an “early warning” mechanism.

The Budget Contingency Plan addresses the following operational areas:
• Service Provision / Efficiency
• Personnel
• Equipment Replacement
• Revenue Enhancement
• Administrative / Operational Policies
• Debt Management
• Fiscal Planning

BUDGET CONTINGENCY PLAN
Operational Area Recommended Action
Service Provision / Efficiency Conduct departmental reviews to: (1) identify
core services to focus on; (2) identify the cost
drivers that inhibit the efficiency and
effectiveness of service delivery; and (3)
develop strategies to improve the efficiency
and effectiveness
Personnel Freeze all General Fund vacant positions, new
positions and promotions; evaluate current
positions for creation of attrition list; retain
key employees by maintaining competitive
local employment market position
Equipment Replacement Analyze fleet, technology and capital
equipment replacement schedules
Revenue Enhancement Reevaluate all revenue programs; continue to
focus on economic development
Administrative / Operational Policies Examine policies regarding employee take-
home vehicles and fund balance reserves
Debt Management Prioritize capital projects and pay cash
whenever fiscally prudent; enact cash funding
for all equipment replacement
Fiscal Planning Develop “early warning” system to monitor
revenue and expenditure trends

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