SUBJECT
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Public Hearing and Introductory Ordinance adopting the proposed annual budget for FY2024-2025 with the approved motions by appropriating the proposed revenues, expenditures and balances reported therein for the year beginning October 1, 2024 and ending September 30, 2025, consistent with the financial plan described in said annual budget (see Exhibit "A") and Holiday schedule approved by City Council at the public workshop on August 7-9, 2024 (see Exhibit "B") authorizing the City Manager to implement said annual budget.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
Section 6.04 of the City Charter requires that the City budget be prepared, and it shall contain a general summary of its contents, a detail of estimated income, indicating the proposed property tax levy, with estimated collectible and uncollectible amounts, and all proposed expenditures, including debt service, for the ensuing fiscal year, and it must be arranged as to show comparative figures for estimated income and expenditures for the current fiscal year and actual income and expenditures of the preceding year.
Section 6.06 of the City Charter requires that the Council shall publish on five separate days in a newspaper of general circulation in the City a notice of the general summary of the budget and capital improvement projects. The notice must state: (1) the times and places where copies of the budget are available for inspection by the public, and (2) the time and place, no less than fourteen (14) calendar days after such publication, for a public hearing on the budget. The dates of publication were July 31- August 4, 2024. The council shall hold at least one public hearing during the period its consideration.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
Staff recommends introduction of this ordinance.
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Fiscal Impact
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Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
N/A