File #: 18-177    Name: Budget Policies and Guidelines
Type: Resolution Status: Approved
In control: City Council Regular Meeting
On agenda: 2/20/2018 Final action: 2/20/2018
Title: Consider/Discuss/Act on a Resolution Adopting the Budget Policies and Guidelines for Fiscal Year 2018-19
Attachments: 1. Resolution, 2. Budget Guidlines

Title

Consider/Discuss/Act on a Resolution Adopting the Budget Policies and Guidelines for Fiscal Year 2018-19

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

 

MEETING DATE:                     February 20, 2018

 

DEPARTMENT:                      Budget

 

CONTACT:                                            Mark Holloway, Chief Financial Officer

                                                               

 

RECOMMENDED CITY COUNCIL ACTION: Approve Resolution

 

ITEM SUMMARY:

  • The budget process for fiscal year 2018-19 has started. 
  • City Council Budget Policies and Guidelines are developed to address concerns and direct resources and efforts. This process is an important foundation for budget development.
  • The Budget Guidelines ensure that the annual budget is prepared in a manner consistent with adopted Financial Policies.
  • The City desires to compile a budget that addresses City Council’s concerns.  Staff is requesting direction on how the Council prefers to provide budget input.
  • The Budget Guidelines are updated annually to reflect any changes of the Council’s Goals and Objectives.

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FINANCIAL SUMMARY:                      None