Council weighs cuts to employee compensation to avoid dipping further into reserves
June 25, 2011 1:00 PM
APPLE VALLEY • The town will likely be the only local municipality to start the coming fiscal year without an approved budget, as Apple Valley’s Council asks for more time to weigh controversial issues such as funding the golf course and potential cuts to employee compensation.
Though Apple Valley still has a healthy $8 million in its reserves to cover any shortfalls in operations, that safety net is nearly half what it was three years ago due to revenue declines during the recession, ongoing subsidies to Parks and Recreation and the Town Council’s vote to purchase Apple Valley Golf Course.
Staff put together a proposed budget for the fiscal year starting July 1 that called for another $1 million draw on reserves to support those services. But, hesitant to continue draining that fund — and with too many questions unanswered about what other options are available — the Council is expected Tuesday night to extend the current budget for another 60 days until Sept. 1.
The Town Council will also discuss offering an early retirement incentive through the California Public Employee Retirement System as a way to trim expenses.
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Brooke Edwards may be reached at (760) 955-5358 or at bedwards@VVDailyPress.com.