FY17-18 BUDGET WORKSHOP
Staff Contact and Presenter: Vicki Rios, Director, Budget and Finance
Staff Presenter: Tom Duensing, Assistant City Manager
Staff Presenter: Terri Canada, Budget Administrator
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Purpose and Policy Guidance
The purpose of this item is for staff to present information regarding the Fiscal Year 2017-2018 (FY17-18) proposed Capital Improvement Plan. Council will have the opportunity to give feedback to staff regarding the proposed budget.
Background
At the December 20, 2016 City Council Workshop, staff presented the Five-Year Financial Forecasts for the General Fund and other major operating funds of the city. Budget discussion continued at six more budget workshops from February through May. During the planning process for the FY17-18 budget, a series of budget workshops were scheduled to seek policy guidance and input from the Council on various budgetary items. During this budget process, staff will advise Council of the potential impacts of budgetary decisions on the long-term financial forecasts.
This is the final budget workshop before the Tentative Budget adoption which is currently scheduled for May 23, 2017. The public hearing and final budget adoption is scheduled for June 13, 2017. At Council’s direction, additional budget workshops may be scheduled; or currently scheduled workshops may be cancelled depending upon the need.
Analysis
At the workshop, staff will review the FY2018-2027 Capital Improvement Plan and also any follow up items from the FY17-18 budget requests as presented on April 24 and 28, 2017. Staff will provide financial and departmental information, and respond to specific Council questions. The workshop on the proposed Capital Improvement Plan and operating budgets provide Council with an opportunity to identify changes or seek clarification relative to capital projects and funding city services.
Previous Related Council Action
On April 28, 2017, the second of two all-day budget workshops included presentation on several city department operating budgets for the FY17-18 Budget.
On April 24, 2017 the first of two all-day budget workshops included presentation on several city department operating budgets for the FY17-18 Budget.
On April 4, 2017 the FY17-18 Budget Workshop included follow-up presentations on the City’s Draft FY2018-2027 Capital Improvement Plan.
On March 21, 2017 the FY17-18 Budget Workshop included presentation of the Draft FY2018-2027 Capital Improvement Plan.
On March 7, 2017 the FY17-18 Budget Overview including; revenues and other future discussion items were presented to the City Council at the second in a series of budget workshops.
February 7, 2017, the FY17-18 Budget Overview including; calendar, process, legal requirements, major budget components and future discussion items was presented to the City Council at the first in a series of budget workshops.
On December 20, 2016, the General Fund and Major Operating Funds Five-Year Financial Forecast was presented at Council Workshop and initiated the FY17-18 budget process.
Community Benefit/Public Involvement
The community benefit of the City’s budget process, policy direction, and budgetary decisions demonstrates sound financial decisions are made through a transparent and public process where ultimate budgetary decisions align with the strategic direction of the City and provide the public with information on services provided and Council priorities.
Budget and Financial Impacts
Budget and financial impacts are based on Council feedback.