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Consideration of and action on an ordinance adopting the FY 2016-2017 Budget.
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Summary: City staff began working on development of the FY 2016-2017 Budget during the early spring of 2016 when each department was asked to begin planning for the new fiscal year including consideration of cost cutting measures. A budget workshop was held on July 6, 2016 to assist in the preparation of the proposed budget. A public hearing on the proposed budget was held on August 9, 2016. It is now time for Council to consider action on the Proposed FY 2016-2017 Budget, which includes several changes from the Proposed FY 2016-2017 Budget presented to Council on July 28, 2016. These proposed changes, which total $3,133,261 (much of which represents unspent capital monies budgeted in FY 2015-2016), are itemized on the attached Explanation of Changes, and while a more detailed review of the changes will be presented in the Council workshop, a brief summary of the changes by fund is as follows:
General Fund: The total increase of $999,644 represents a $721,148 a transfer to the Capital Improvements Fund for street projects (being funded by the increase in current tax revenue); $256,125 for capital expenditures, including $200,000 for the completion of the "ring road" at the maintenance facility that is currently budgeted but will not be completed in the current fiscal year; $15,171 for additional personnel costs, and $7,200 for other administrative costs.
Special Revenue Funds: The total increase of $15,171 represents the increased transfer to the General Fund for reimbursement of personnel costs funded by (1) the Hotel/Motel Tax for additional marketing efforts and (2) the Municipal Court Fund for overtime related to an additional bailiff when court is in session.
Water/Sewer Fund: The total increase of $1,291,110 represents $1,141,110 for capital expenditures on projects funded in the current budget that will not be completed during the current fiscal year and $150,0...
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