Agenda Information Sheet
DEPARTMENT: Finance
ACM: Bryan Langley
Date: August 4, 2016
SUBJECT
Title
Receive a report; hold a discussion, and give staff direction regarding the FY 2016-17 City Manager's Proposed Budget, Capital Improvement Program, and Five-Year Financial Forecast.
Body
BACKGROUND
The FY 2016-17 City Manager's Proposed Budget is submitted to the City Council as Exhibit 1. The information provided in the Proposed Budget has been derived from a culmination of input from the City Manager, City Council, Public Utilities Board, service level demands, department requests, and miscellaneous economic assumptions. The Proposed Budget includes summary information concerning the following items:
* FY 2015-16 year-end revenue and expenditure estimates
* Proposed FY 2016-17 Tax Rate
* Proposed FY 2016-17 Operating Budgets by Fund
* Proposed FY 2016-17 Utility Budgets and proposed rates
* Proposed five-year financial forecast for the major funds
* Proposed five-year planned capital improvement program
A copy of the five-year financial plan for each major operating fund is included in the proposed budget document. Each of the utility fund plans have been reviewed by the Public Utilities Board (PUB), and the PUB has recommended approval of the Electric, Water, Wastewater, and Solid Waste budgets.
The Electric Fund proposed operating budget and five-year financial plan has been provided to you under a separate cover. Due to the confidential nature of this information, it may be necessary to enter a Closed Session discussion with the City Council should you wish to discuss it in detail.
I have included in Exhibit 2 a summary of the supplemental funding requests submitted for the General Fund and other select funds. The summary indicates the packages that were requested by departments and those that have been recommended for approval by the City Manager. For the recommendations that are being proposed out of funds other than the General Fund,...
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