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Discussion of issues relating to the Fiscal Year 2016-2017 Final Budget.
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Summary:
The key dates in the development of the FY 2016-2017 Budget were as follows:
* March 28, 2016: Staff budget kick-off meeting.
* March 28 - May 2, 2016: Preparation of departmental budget requests.
* May 2 - May 20, 2016: City Manager/Assistant City Manager/Finance Director Meetings with Department Heads to discuss FY 2015-2016 budget estimates and FY 2016-2017 budget requests.
* July 6, 2016: City Council budget workshop.
* July 28, 2016: City Manager submitted the Proposed FY 2016-2017 Budget. Council called a public hearing.
* August 9, 2016: Council conducted public hearing on the proposed FY 2016-2017 Budget.
The City Charter states that the budget shall, by ordinance, be adopted no later than the last regular meeting in September of each year. Therefore, it's now time for Council to adopt the Final FY 2016-2017 Budget. Subsequent to the public hearing on the budget, it has become necessary to include certain changes in the Final budget document. These changes are primarily items that were budgeted, but not completed in FY 2015-2016. The City Charter states that after the public hearing, but before final adoption of the proposed budget, the Council may delete or insert items of expenditure or may increase or decrease the amount of any item of expenditure, except those fixed by law. The following are changes from the Proposed FY 2016-2017 Budget presented to Council on July 30, 2016:
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...
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