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 pr...
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