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File #: ORD 17-018    Version: 1 Name: Public Hearing for Ordinance No 17-018 2018 Re-Adoption Budget
Type: Ordinance Status: Passed
File created: 11/28/2017 In control: CITY COUNCIL REGULAR
On agenda: 12/4/2017 Final action: 12/4/2017
Title: Public Hearing for Ordinance No. 17-018 Amending 2017-2018 Budget Ordinance No. 16-023 Details: Conducted a public hearing to provide citizens an opportunity to give public testimony regarding the readoption of the 2018 Budget. The 2018 Readoption Budget is a balanced budget with an overall appropriation of $76,420,043. This budget reflects a $6.5 million increase from the original 2018 Budget, of which $5.7 million is attributed to Brady Road and Larkspur Street construction projects. The remainder is attributed to increases in cost of living, benefit costs and contract increases. The fund balance for the General Fund is anticipated to be at 23% at the end of the 2018 fiscal year. Presenter: Cathy Huber Nickerson, Finance Director
Indexes: 2017-2018 Budget, Budget, Ordinance
Attachments: 1. Ordinance No. 17-018 Amending the 2017-2018 Budget Ordinance No. 16-023, 2. Exhibit A - 2018 Budget Adoption
Related files: REP 17-371

Title

Public Hearing for Ordinance No. 17-018 Amending 2017-2018 Budget Ordinance No. 16-023

Details:  Conducted a public hearing to provide citizens an opportunity to give public testimony regarding the readoption of the 2018 Budget. The 2018 Readoption Budget is a balanced budget with an overall appropriation of $76,420,043. This budget reflects a $6.5 million increase from the original 2018 Budget, of which $5.7 million is attributed to Brady Road and Larkspur Street construction projects. The remainder is attributed to increases in cost of living, benefit costs and contract increases. The fund balance for the General Fund is anticipated to be at 23% at the end of the 2018 fiscal year. 

Presenter:  Cathy Huber Nickerson, Finance Director

Recommended Action

Recommended Action:  Staff recommends that Council conduct a public hearing, deliberate and move to adopt Ordinance No. 17-018 and publish according to law.