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• <br /> 33E--""-Za <br /> COUNCIL AGENDA MEMO - June 23, 2009 t <br /> DEPARTMENT: Budget and Finance 2 <br /> AGENDA ITEM: <br /> Public Hearing FY 2010 Budget, Expenditure Limitation and Tax Levy <br /> Resolution Adopting Final FY 2010 Budget, Expenditure Limitation, City Job Roster, <br /> and Identification of Unfunded Capital <br /> Approved By: Date: <br /> Department Head: Mark Woodfill <br /> Finance Director: Mark Woodfill <br /> City Manager: Steve Norwood Ce 6r 3p 06/le/Cc? <br /> BACKGROUND <br /> The fiscal year 2010 (FY10) budget process started in January with a workshop where <br /> council established the City's goals and priorities. From January to March City <br /> departments put together operating and capital plans to achieve these goals and <br /> priorities. During April and May the City Manager and budget staff reviewed and meet <br /> with Departments to refine these plans into a balanced budget. <br /> At the Budget Workshop on May 21, 2009 the budget for FY10 was reviewed along with <br /> the projects that could not be funded. Council and staff made some modifications to this <br /> proposed budget and the tentative FY10 budget of $180,818,693 was adopted by <br /> Council on June 9, 2009. <br /> ITEM <br /> This is the next step in the fiscal year 2010 budget process and includes: <br /> • Public hearing on the fiscal year 2010 (June 23, 2009) <br /> o Budget <br /> o Expenditure Limitation <br /> o Property Tax Levy <br /> • Consideration of a Resolution which establishes the <br /> o Establishes the FY10 Budget <br /> o Sets the FY10 Expenditure Limitation <br /> o Approves the City Job Roster <br /> o Identification Unfunded Capital Projects <br /> Summary of the FY10 Budget: <br /> FY09 FY10 Change/ <br /> Budget Budget Budget <br /> Operating 80,833,236 81,448,527 0.8% <br /> Capital Outlay/Projects 175,443,927 99,370,166 -43.4% <br /> Total 256,277,163 180,818,693 -29.4% <br />