Report to Mayor and City Council
Tuesday, April 17, 2018
Discussion
SUBJECT:
Title
FISCAL YEAR 2018-19 BUDGET WORKSHOP #2 (CITY COUNCIL)
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I. SUMMARY
This is the 2nd of 3 planned budget workshops before considering adoption of the FY18-19 budget in June 2018. Due to the new Oil Industry Business License tax, the General Fund deficit has been reduced to $1.5 million or 1.7% of annual revenue. However, there are a number of items that have not yet been included in the budget, pending direction from City Council. The most notable of these items include restoration of Sheriff Contract service units, a further release of the hiring freeze, and City Events.
This report includes a first look at the 2018 Capital Improvement Plan. The highest priority projects have been matched with available restricted funding sources, for a balanced mix of roadway and park projects. There is no General Fund money in the draft budget for capital projects. Funding for capital projects continues to be insufficient, with many quantified projects remaining on the "Unfunded" list.
II. RECOMMENDATION
Recommendation
1. PROVIDE additional direction to staff regarding the draft FY18-19 budget.
2. DISCUSS and DETERMINE whether the City should add Rosa Parks Day to the list of City Holidays.
3. CONSIDER scheduling a dedicated budget workshop date in May. The 3rd budget workshop is currently scheduled for the regular City Council meeting on May 15th.
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III. ALTERNATIVES
TAKE another action deemed appropriate by City Council.
IV. BACKGROUND
On March 20, 2018, the City Council conducted its first budget workshop for Fiscal Year 2018-19 (FY18-19). Tonight is the 2nd of 3 planned budget workshops prior to the public hearing to consider adoption of the FY18-19 budget, currently scheduled for June 5, 2018.
The purpose of tonight's workshop is for the City Council to receive, discuss and provide direction for the draft FY18-19 budget. The following documents have been attach...
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