AGENDA CAPTION:
Title
Receive a staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2024-40, adopting an operating budget in the amount of $342,578,537.00 for the fiscal year beginning October 1, 2024 and ending September 30, 2025; authorizing certain adjustments to the budget with the approval of the City Manager; approving fiscal year 2024-2025 Capital Improvements Program Projects in the amount of $84,855,000.00; including procedural provisions; and declaring an effective date; and consider approval of Ordinance 2024-40, on the first of two readings.
Body
Meeting date: September 3, 2024
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: City Council Strategic Planning and Visioning on January 25-26, 2024, Budget Policy Workshop on February 22, 2024, Budget Policy Adoption on March 19, 2024, Budget Workshops on May 21, 2024, June 27, 2024, and August 20, 2024.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
Quality of Life & Sense of Place
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
The fiscal year 2025 operating budget totals $342,578,537, which is a $21.4 million or 6.7% increase from the adopted budget for fiscal year 2024. The budget is balanced and meets the criteria set forth in the City's Budget Policy Stateme...
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