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AGENDA ITEM REVIEW FORM |
6.C.
Regular City Council Meeting
- Meeting Date:
- 05/28/2025
- Department Head:
- Roula Encinas
- Submitted By:
- Mario A Rodriguez, Finance Operations Manager, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the acceptance and approval of the Tentative Budget for Fiscal Year 2025-2026. (Roula Encinas, Director of Finance)
SUMMARY:
Pursuant to Arizona state statute, the City Council is required to adopt a tentative budget to establish the maximum allowable expenditure limit for the upcoming fiscal year. After the tentative budget is adopted, the Council may still make changes before final approval. These changes may include reallocating revenues or expenditures among departments or reducing overall spending.
To prepare for this action, two City Council work sessions were held. On February 5, 2025, the Council met to review the financial stability of the City of San Luis. A second work session was held on February 26, 2025, where the proposed budget adjustments for Fiscal Year 2025–2026 were discussed in detail. Topics included salary adjustments, service reductions, capital improvement projects, new personnel requests, and reclassifications.
Based on the discussions and feedback from these sessions, administrative staff has compiled the projected revenues and expenditures for FY 2025–2026. The tentative budget is now submitted for City Council’s review and approval, marking the next step in the City’s annual budgeting process.
To prepare for this action, two City Council work sessions were held. On February 5, 2025, the Council met to review the financial stability of the City of San Luis. A second work session was held on February 26, 2025, where the proposed budget adjustments for Fiscal Year 2025–2026 were discussed in detail. Topics included salary adjustments, service reductions, capital improvement projects, new personnel requests, and reclassifications.
Based on the discussions and feedback from these sessions, administrative staff has compiled the projected revenues and expenditures for FY 2025–2026. The tentative budget is now submitted for City Council’s review and approval, marking the next step in the City’s annual budgeting process.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE TENTATIVE BUDGET FOR THE FISCAL YEAR 2025-2026 AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- N/A
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A