Consideration and Adoption of Resolution No. 2024-27: A resolution of the Flagstaff City Council, adopting the Budget for the City of Flagstaff for Fiscal Year 2024-2025.
 

1. Read Resolution No. 2024-27 by title only
2. City Clerk reads Resolution No. 2024-27 by title only (if approved above)
3. Adopt Resolution No.2024-27
4. Reconvene Regular Meeting

Each municipality is required to adopt a budget as prescribed by A.R.S. Title 42, Chapter 17, Articles 1 through 5.  As published in the tentative adoption of the budget, the final budget is to be adopted on June 18, 2024, (during a Special Meeting), and following a public hearing to receive citizen comments.

The final budget adoption allows the City to commit and spend funds for community needs as described in the Fiscal Year (FY) 2024-2025 Budget.  This will set the maximum allowable expenditures for FY 2024-2025. 

The FY 2024-2025 budget is the financial plan of the City for the upcoming fiscal year.

• December Council Retreat on December 14, 2023
• February Budget Retreat on February 1, 2024 and February 2, 2024
• March Capital Improvement Budget Retreat on March 28, 2024
• Council Budget Retreat on April 25, 2024 and April 26, 2024
• Tentative Budget Adoption on June 4, 2024

• Approve the budget as presented: As the City adopted the tentative budget on June 4, 2024, the maximum appropriation for FY 2024-2025 has been set. 
• Amend and approve the budget: The Council could choose to make adjustments within that maximum appropriation or make reductions in the maximum appropriation.

The budget was presented for tentative adoption on June 4 2024. The tentative adoption established the maximum appropriation for the City for FY 2024-2025. The budget legal schedules were published in the Arizona Daily Sun on June 6, 2024, and June 13, 2024.

The adoption of the tentative budget set forth into motion a legally mandated time sequence of actions of which the Council must adhere to adopt a final budget. If this time sequence is not met as required by statute, the tentative budget adoption, final budget adoption, and related publications must be started over. The final budget adoption must occur after a public hearing and Council must convene into a Special Meeting to adopt the final budget. The budget must be adopted by the third week of July.

June 4, 2024 Tentative adoption of the budget by Council
June 18, 2024 Proposed budget and property tax levy public hearing
June 18, 2024 Final budget adoption (In a Special meeting)

The adoption of the Annual Budget and Financial Plan provides Council direction and financial resources to support the Key Community Priorities and Objectives.

The adoption of the Annual Budget and Financial Plan supports the Carbon Neutrality Plan by allocating financial resources the CNP goals. 

The adoption of the Annual Budget and Financial Plan supports the 10 Year Housing Plan by allocating financial resources to the plan's strategies.