MEETING DATE:
June 14, 2016
SUBJECT:
Title
RESOLUTION NOS. 2016-8213, 2016-8214, 2016-8215 - PROPOSED OPERATIONS & MAINTENANCE BUDGET FOR FISCAL YEAR (FY) 2016-17 AND CAPITAL IMPROVEMENT PROJECTS BUDGET FOR FISCAL YEAR (FY) 2016-17 FOR THE CITY OF SAN MARCOS
Body
Recommendation
Recommendation
ADOPT the following three resolutions: 1) a resolution approving the Operation & Maintenance Budget for Fiscal Year (FY) 2016-17 and Capital Improvement Projects Budget for Fiscal Year (FY) 2016-17, authorizing the appropriation of the funds from the City Treasury, and adopting the Fiscal Year (FY) 2016-17 classification and compensation schedule; 2) a resolution authorizing the appropriation and transfer of funds for the establishment of an appropriated reserve fund for future expenditures and/or contingencies for Fiscal Year (FY) 2016-17; and 3) a resolution setting the tax rate for Fiscal Year (FY) 2016-17.
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Board or Commission Action
The Budget Review Committee met on April 28th, May 9th, May 16th, May 23rd and June 6th to review the proposed Operations & Maintenance Budget and Capital Improvement Projects Budget.
Relevant Council Strategic Theme
Quality of Life
Planning for the Future
Dynamic and Responsive Service Delivery
Good Governance
Economic Development
Relevant Department Goal
Not applicable.
Introduction
Each year staff presents the City Council with the proposed Operations & Maintenance Budget and Capital Improvement Projects Budget for the next fiscal year. The City's fiscal year begins July 1st and ends on June 30th.
The proposed Operation & Maintenance Budget for FY 2016-17 and Capital Improvement Projects Budget for FY 2016-17 represent the culmination of several months of review and analysis by the City Manager, Finance Director and all City departments. Prior to presenting the budgets to the City Council for consideration, the City Council appointed citizen Budget Review Committee met to review and discuss the proposed bu...
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