EXECUTIVE BUDGET
FINANCIAL PLAN
CONTENTS
INTRODUCTION ............................................................................................... 5
EXECUTIVE SUMMARY ................................................................................ 9
Financial Plan At-A-Glance ............................................................................... 9
Budget Overview ............................................................................................. 10
2006-07 Status ................................................................................................. 11
Current Services Projections ............................................................................ 12
2007-08 Executive Budget Recommendations ............................................... 13
Projected General Fund Balances/Risks ......................................................... 15
HIGHLIGHTS .................................................................................................. 19
Revisions to the Current Services Forecast ..................................................... 19
“Zero Based” Review of 2007-08 Current Services Forecast.......................... 20
Detailed Summary of Executive Budget Recommendations .......................... 22
Recommended Initiatives ............................................................................. 22
Recommended Savings................................................................................. 26
Revenue Loophole Closers ........................................................................... 30
Nonrecurring Resources .............................................................................. 32
2007-08 Annual Spending Change Summary ................................................. 33
2006-07 FINANCIAL PLAN UPDATE .......................................................... 37
Current Year Revisions ................................................................................... 37