TO:
Honorable Mayor and Members of the City Council
FROM:
Bruce Moe, Acting City Manager
SUBJECT:Title
Fiscal Year 2014-2015 Operating Budget (Acting City Manager Moe).
CONDUCT PUBLIC HEARING, ADOPT RESOLUTION NO. 14-0038
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council conduct a public hearing and adopt Resolution No. 14-0038 approving the Fiscal Year 2014-2015 Operating Budget.
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FISCAL IMPLICATIONS:
The Fiscal Year (FY) 2014-2015 budget, including all funds, estimates revenues of $110,051,419 and expenditures of $111,148,246. These figures incorporate all City Council-directed changes identified through the budget study sessions, as well as staff-recommended changes and corrections to the budget. All modifications to the Proposed Budget required to implement the City Council-directed budget are listed on Attachment 2.
BACKGROUND:
The City Council has discussed the Proposed Budget at five separate occasions: four individual public budget study sessions and one discussion at the regular City Council meeting held on June 3, 2014. These meetings were broadcast live and have been productive and interactive sessions which have encouraged the community to participate. Members of the public provided input 42 times throughout the course of the discussions.
DISCUSSION:
In order to adopt the FY 2014-2015 budget, there are changes to the Proposed Budget, listed on Attachment 2. This list is essentially the same list reviewed by City Council at the fifth budget discussion held during the regular City Council meeting on June 3, 2014, with a few modifications, as directed by City Council or staff-generated corrections:
1. Removal of the full-time Graphic Artist (and reinstatement of the part-time Graphic Artist and Intern) as proposed in the budget, resulting in a decrease in expenditures of $12,600 in the General Fund. City Council directed ...
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