SUBJECT: GENERAL BUSINESS
Follow-up from May 5th Study Session Discussion of 2020 Forecast - COVID-19 Impact, Options, Actions and Reopening Plans
DEPARTMENT: Administration
PRESENTER: Malcolm Fleming, Town Administrator
TIME ESTIMATE: 15 minutes
RECOMMENDATION:
Confirm Board support for staff to execute the updated list of "A" list items on the "Staff Recommendations and Other Options for Reducing the Pandemic Impact to General Fund Reserve", or provide staff with direction on other actions the Board wants to implement.
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
On April 24th the Town Administrator sent an email to the Board of Trustees and Town staff with a memo outlining a summary of staff's financial forecast, a review of the Town's General Fund and other fund reserves, background on the Town's fiscal situation, important factors to consider when deciding a plan of action, a comparison of Erie's situation to other municipalities, and a list of recommended actions and other options to address the potential impact of the pandemic on the Town's budget. That memo and the related documents are attached to this agenda item.
During the May 5 study session, staff reviewed this information with the Board and addressed the Board's questions. Based on the Board's comments and general direction during the study session, it appears the Board supports staff's recommended plan of action with one change: adding back into the list of capital projects $50,000 for Trail Wayfinding Signage. During the study session, Board members also asked staff for more information on:
* The number of employees who would be potentially affected by targeted furloughs and/or pay reductions (neither of which is an action staff recommends taking at this time)
* Potential sponsors for disk golf and other activities.
* An evaluation of July 4th options to celebrate while still maintaining public and staff safety and complying with likely public health orders.
Staff has added information on the fi...
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