Agenda Information Sheet
DEPARTMENT: Finance
ACM: Bryan Langley
Date: September 20, 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 was submitted to the Council on July 29, 2016. Staff provided the City Council with a comprehensive overview of the proposed budget at a Budget Work Session on August 4, 2016. In addition, the City Council held work sessions on the proposed budget on August 9, August 16, August 23, and September 13, 2016. During these meetings, the City Council asked a number of questions and requested a variety of information concerning the proposed budget. The purpose of this agenda item is to provide the City Council with the changes that have been made to the proposed budget that is being presented to the City council for consideration at the meeting on September 20, 2016.
The following summarizes the City Council recommended changes that have been included in the budgetary ordinances presented for consideration on September 20, 2016.
Property Tax Rate
* Total Tax Rate of $0.68225 a reduction of $0.0075 (3/4 cent) from the prior year tax rate of $0.68975
General Fund
City Manager's FY 2016-17 Proposed Expenditures $114,503,492
* Increase Parks Foundation Funding to $77,000 $ 42,000
* Historic Preservation Plan (one-time) $ 60,000
* Reduce Travel and Training $ (100,000)
* Remove Plans Examiner Supplemental Package $ (69,412)
* Remove Paving Markings Supplemental Package $ (95,850)
* Reduce Council Contingency Funding $ (6,300)
Revised General Fund FY 2016-17 Expenditures $114,333,930
City Manager's FY 2016-17 Proposed Revenues $114,511,663
* Reduce Tax rate by an additional 1/4 cent $ (227,938)
* Increase Disabled Exemption to $50,000 $ ...
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