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AGENDA ITEM REVIEW FORM |
5.6.
Regular City Council Meeting
- Meeting Date:
- 06/10/2015
- Department Head:
- Ketie St. Louis
- Submitted By:
- Ketie St. Louis, Finance Director, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding acceptance of the tentative budget for fiscal year 2015-2016. (Ketie St. Louis)
SUMMARY:
Pursuant to State Statute, the Council is required to adopt a tentative budget to establish a maximum ceiling for the City budget.
Adoption of the tentative budget serves to set the maximum ceiling for expenditures. Prior to final adoption of the Fiscal Year 2015-2016 budget, Council may reallocate expenditures and revenues among departments differently than set forth in the tentative budget and may decrease expenditures as well.
A budget preparation workshop was held on April 18, 2015. Administrative staff has compiled the data from the work session for expected revenues and expenditures/expenses for fiscal year 2015-2016. The tentative budget is now submitted for Council’s acceptance.
Adoption of the tentative budget serves to set the maximum ceiling for expenditures. Prior to final adoption of the Fiscal Year 2015-2016 budget, Council may reallocate expenditures and revenues among departments differently than set forth in the tentative budget and may decrease expenditures as well.
A budget preparation workshop was held on April 18, 2015. Administrative staff has compiled the data from the work session for expected revenues and expenditures/expenses for fiscal year 2015-2016. The tentative budget is now submitted for Council’s acceptance.
RECOMMENDATION / SUGGESTED MOTION:
"I MOVE TO ACCEPT AND ADOPT THE TENTATIVE BUDGET FOR FISCAL YEAR 2015-2016 AS PRESENTED BY CITY STAFF."
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- YES
- CITY/STATE/FEDERAL FUNDS:
- TOTAL:
- BUDGETED:
- AVAILABLE TO TRANSFER:
- ACCOUNT #/REMAINING BALANCE:
FISCAL IMPACT STATEMENT:
Establishing a ceiling for next fiscal year.