Upland seal

Sandra Emerson, Staff Writer
Posted: 03/05/2013 10:54:40 PM PST
Updated: 03/05/2013 10:54:46 PM PST

UPLAND – The Upland Finance and Economic Development Committee was updated today on the city’s mid-year finances.

They also recommended that the City Council adopt a resolution amending the 2013-14 fiscal year budget.

The city has seen a decrease in general fund revenues by $47,500 and decrease in expenditures of $202,580.

In November the City Council gave City Manager Stephen Dunn approval to look into several ways to eliminate at least $2 million from the annual budget and to try and restores the city’s reserves to meet 10 percent of their expenditures over the next five years.

City staff is exploring options to help bolster the reserves in a shorter period. These options will be taken to the City Council as they are developed, according to the staff report.

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