AGENDA CAPTION:
Title
Consider approval of Ordinance 2018-29, on the second of two readings, adopting a Budget in the amount of $229,369,259 for the Fiscal Year beginning October 1, 2018 and ending September 30, 2019; authorizing certain adjustments to the Budget with the approval of the City Manager; approving fiscal year 2018-2019 Capital Improvements Program Projects.
Body
Meeting date: September 18, 2018
Department: Finance-Heather Hurlbert, Finance Director
Amount & Source of Funding
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Funds Available: Click or tap here to enter text.
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Fiscal Note:
Prior Council Action: Visioning Workshop, Budget Policy Workshop, Budget Workshops
City Council Strategic Initiative: [Please select from the dropdown menu below]
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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.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
This year's budget totals $229,369,259 a 7.9% or $15.2M, increase from fiscal year 2018. The budget proposes a tax rate of 61.39 cents per $100 valuation, which remains unchanged from FY2018. This budget is balanced and meets all criteria set forth in the City's Financial Policy
The City Council held Visioning workshops in January to choose their Strategic Initiatives and a Budget Policy workshop in February to formulate the Budget Policy with adoption in March. The Strategic Initiatives and Budget Policy were used to create the base...
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