TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Bruce Moe, Finance Director
Henry Mitzner, Controller
Libby Bretthauer, Financial Analyst
SUBJECT:Title
Fiscal Year 2015-2016 First Quarter Budget Status Report; Two Year Budget Process for Fiscal Years 2016-17 and 2017-18 (Finance Director Moe).
RECEIVE REPORT; APPROVE
Line
_________________________________________________________
Recommended Action
TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Bruce Moe, Finance Director
Henry Mitzner, Controller
Libby Bretthauer, Financial Analyst
SUBJECT:Title
Fiscal Year 2015-2016 First Quarter Budget Status Report; Two Year Budget Process for Fiscal Years 2016-17 and 2017-18 (Finance Director Moe)
RECEIVE REPORT; APPROVE
Line
_________________________________________________________
Recommended Action
RECOMMENDATION:
Staff recommends that the City Council: a) receive the First Quarter Budget Update Status Report for Fiscal Year 2015-2016; and b) approve a two-year budget cycle starting with the FY 2016-2017 budget.
Body
FISCAL IMPLICATIONS:
Fiscal implications are discussed within this report. No budget adjustments are required at this time.
BACKGROUND:
In an effort to keep the City Council and community fully informed of the City's fiscal performance, we are providing quarterly presentations of financial information to the City Council. While this information has, and will continue to be provided to the Council in the form of written reports on the agenda, this presentation will provide for more interactive discussion on a periodic basis.
DISCUSSION:
The City Council and staff respond to the community's needs in part through the budget. The budget is both a spending plan for the City's available financial resources and the legal authority for City departments to spend the resources for public purposes. Through the...
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