Agenda No. 8.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | March 24, 2020 |
| Department: | City Secretary |
| Subject: | General Fund Reserve and major projects - Discussion on general fund reserve and major projects that are currently in execution or projected to be in executing during this fiscal year. (Item requested by Mayor Gutierrez) (M. Browne/B. James/J. Walters) |
BACKGROUND
Mayor Gutierrez requested that this be placed on the agenda for discussion to review current projects under contract and other future projects. This item will cover the current position of the General Fund Reserve. Also, discussed will be a review of the current economic situation both nationally and in Schertz. Finally, we discuss possible areas of reduction in revenues for the city as a result of the downturn.