Report to Mayor and City Council
Tuesday, June 20, 2017
Special Orders of the Day
SUBJECT:
Title
PUBLIC HEARING TO CONSIDER RESOLUTION NO. 17-068, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON ADOPTING THE FISCAL YEAR 2017-18 BUDGET IN THE GENERAL FUND AND SPECIAL REVENUE FUNDS (CITY COUNCIL)
CONSIDER RESOLUTION NO. 17-16-CSA, A RESOLUTION OF THE CARSON SUCCESSOR AGENCY ADOPTING THE FISCAL YEAR 2017-18 BUDGET (SUCCESSOR AGENCY)
CONSIDER RESOLUTION NO. 17-16-CHA, A RESOLUTION OF THE BOARD OF THE CARSON HOUSING AUTHORITY ADOPTING THE FISCAL YEAR 2017-18 BUDGET (HOUSING AUTHORITY)
CONSIDER RESOLUTION NO. 17-043, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON UPDATING THE POLICY FOR THE GENERAL FUND RESERVE FOR ECONOMIC UNCERTAINTIES (CITY COUNCIL)
CONSIDER RESOLUTION NO. 17-044, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON UPDATING THE POLICY ADDRESSING THE UNFUNDED LIABILITY FOR OTHER POST-EMPLOYMENT BENEFITS AND REPEALING RESOLUTION NO. 13-012 (CITY COUNCIL)
CONSIDER RESOLUTION NO. 17-079, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSON, CALIFORNIA, FINDING AND DETERMINING A FISCAL CRISIS PURSUANT TO ARTICLE VI, CHAPTER 11, SECTION 61104(E) OF THE CARSON MUNICIPAL CODE (CITY COUNCIL)
Body
I. SUMMARY
The City Council, Successor Agency Board, and Housing Authority Board are being asked to adopt the Fiscal Year 2017-18 (FY17-18) budget this evening. A one-page summary of the proposed FY17-18 budget for all funds of the City, Successor Agency, and Housing Authority is attached to this staff report (Exhibit A). The summary includes the estimated beginning and ending fund balances for all funds.
The proposed FY17-18 budget for the General Fund includes net deficit activity of $3,452,227, reducing the General Fund balance to $9,330,935; which is $6,501,712 below the City Council policy threshold of $15,832,647, based upon 20% of annual budgeted expenditures. The proposed FY17-18 budget includes a hiring freeze and no increase ...
Click here for full text