This resolution provides for the formal adoption of the Fiscal Year 2016 budget. The proposed budget has been available for review since May 4, 2015. Five (5) public presentations have been made regarding the proposed budget and the Council committed approximately 14 hours for this review.  Section 2 of this resolution allows the City Administrator to amend this budget for Debt Service Funds, Federal and State Grants, Special Assessment and donations accepted and approved by the City Council. The City Council authorizes issuing debt and acceptance of grants and donations, other than donations which are handled per administrative order. Approving budget amendments to allow these expenditures is therefore redundant. This delegation of authority is allowed by State Statutes

The Council must hold a public hearing on June 8th and then may:

• Approve the resolution; or
• Not approve the resolution;
• Delay adoption of the resolution

Not approving or delaying approval of the resolution by July 1, 2015 would cause delay of capital projects within the City.  Departments would also be averse to purchasing required items from their Operations and Maintenance budgets.

The resolution sets the spending limits for all City Funds.  Amendments during the year are accomplished in exactly the same way as the original adoption, with the few exceptions noted in the resolution.  The total budget for FY 2016 is $317,144,586.

Staff recommends that City Council conducts a public hearing on June 8^th and approve the resolution approving and adopting the FY16 Budget.