Showing articles 1 - 5 of 5 tagged as "cash"

Taking back the night at 32nd annual march to end domestic violence

This Saturday – when the sun goes down, and the streets darken – women, men, children, survivors, activists and fighters of domestic violence will come together in Midtown to take a stand, speak out and reclaim the safety of the night. Each year 1.3 million women become victims of domestic violence, and one in every four women in the United States will experience domestic violence, according to statistics from the National Coalition Against Domestic Violence, said Diana Rosas, the press and media contact for Sacramento Women Take Back the Night. The 32nd annual Women Take Back the Night March and Rally will be held from 6-9 p.m. The event will start with a resource fair at 5:30 p.m. at t

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Treasurer: City must borrow cash

City Treasurer Russ Fehr explained the city’s cash flow problems to the City Council Tuesday night, noting that the city’s general fund will need to continue to borrow cash. The city has a $90 million cash flow gap, Fehr said. To address its cash flow troubles, the city recently borrowed $40 million, he said. The city’s cash situation changes throughout the year, according to a report by Fehr. That’s because the city receives property tax revenues during the second half of the fiscal year, which begins Jan. 1, Fehr said. The heart of the problem is the cash situation with the general fund, he said. “I want to emphasize that the cash flow issue in first half of the year is not new,” he

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City treasurer explains city's cash gap

City Treasurer Russ Fehr sounded an alert about the city’s cash situation Thursday, writing in a report that the cash flow is out of whack and the city needs to stop using unsustainable fixes to balance its budget. Fehr expects that the city will need to borrow cash in Fiscal Year 2011 – 2012. “The general fund now has to borrow for cash flow needs,” Fehr wrote in his report. The city will have to pay interest costs on the amounts it borrows, he said in an interview just after the report was posted. At this point, he said he does not know how much the city will borrow in the next fiscal year. However, his report noted that the city has been experiencing cash flow troubles since Fiscal Y

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Treasurer: City running out of cash

The city is in serious trouble because it is nearly out of cash. City Treasurer Russ Fehr made that dire prediction in a report released Thursday afternoon. He wrote that the city faces a major problem with its cash flow. “Due to the differences in timing in General Fund expenditures and revenues, there is a cash flow gap of approximately $90 million in the first half of the fiscal year,” Fehr wrote. The City Council is expected to discuss Fehr’s report at its Dec. 7 meeting. “If the City's discretionary cash holdings fall below the needs of the General Fund in the first half of a fiscal year, then the City will assume an appalling new risk level,” the report said. “If the City cannot

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Broadway China Buffet robbery, employee injured

Sacramento, CA- Around 9:30 P.M. Monday night, Sacramento Police received a call that the China Buffet on Broadway at 14th St. was robbed by three men. Per Sac PD dispatcher, an undisclosed amount of cash was stolen. One of the employees was sustained minor injuries when he was hit in the back of the head by one of the suspects. He refused transportation to the hospital. The suspects fled the scene in a white sedan and remain at large.

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