That plan included revenue enhancements
from increased fees, fares and fuel surcharges; domestic capacity reductions of five percent; a fleet reduction of 15 to 20 aircraft; an estimated $100 million reduction in non-aircraft capital expenditures; and a $100 million improvement to the airline's bottom line, profit and loss statement, that will be achieved through other cost reductions, productivity improvements and revenue enhancements
With that, Fitch believes that the county has largely exhausted its ability to cut spending and that long-term structural balance must be driven by revenue enhancements
Factors that might cause such a difference include, but are not limited to, additional expenses related to the tax audit, a change in general economic conditions, adverse changes in deposit or loan levels or in customer retention or failure to realize currently expected cost savings or revenue enhancements
The Stable Rating Outlook reflects Fitch's expectation that the town's strong financial position will be maintained after the eventual softening of mortgage tax receipts, and that officials will identify revenue enhancements
to remedy the sanitation fund's structural imbalance.
Fitch credits management at Monroe with implementing continued improvements since 2001, including significant revenue enhancements
and control of labor costs, which have provided a successful three-year history.
Furthermore, revenue enhancements
and recurring expenditure savings budgeted for 2004 have yet to materialize creating an even larger structural imbalance for future years.
The upgrade to 'A-' reflects the county's continued overall improvement in the quality of financial management including efforts to institutionalize development of comprehensive reporting and planning documents currently required by NIFA; the conservative nature of budget forecasts that show growing reserves; careful planning of expenditures, both mandated and discretionary; and demonstrated and accelerated progress towards achieving plan initiatives in the areas of labor concessions, workforce reduction, assessment reform, and revenue enhancements
BigBand Networks has announced several additions to the functionality of BigBand Ad Splicing Gateway to enhance existing installations by enabling further cost savings and revenue enhancements