File #: 10-443    Name: Budget Appropriation Ordinance FY11 - 2nd Hearing
Type: Ordinance Status: Approved and Finalized
In control: City Council Regular Meeting
On agenda: 9/21/2010 Final action: 9/21/2010
Title: Conduct a Public Hearing to Consider/Discuss/Act on the Budget Appropriation Ordinance for FY 2010-11 - 2nd Reading
Attachments: 1. Ordinance, 2. Presentation

Title

Conduct a Public Hearing to Consider/Discuss/Act on the Budget Appropriation Ordinance for FY 2010-11 - 2nd Reading

 

Summary

 

MEETING DATE:                     September 21, 2010

 

DEPARTMENT:                      Finance

 

CONTACT:                                          Jennifer Fung, Executive Director of Finance

                                                               Jason Weeks, Assistant Finance Director

 

RECOMMENDED CITY COUNCIL ACTION:

•                     Conduct second public hearing.

•                     Adoption of the budget ordinance on second reading.

 

ITEM SUMMARY:

•                     Proposed budget for all operating funds and CIP projects for FY2010-11 totaled more than $191.9 million (excluding interfund transfers).

•                     The tax rate will be $0.5855 per $100 assessed value.

 

BACKGROUND INFORMATION:

•                     The City Charter provides that “Upon receipt of the City Manager’s estimate, the City Council shall pass the appropriation ordinance on its first reading, using the City Manager’s estimate as a basis”.

•                     The first reading held on September 7, 2010 Council Meeting satisfied the Charter requirement.

•                     Following approval of the first reading, the appropriation ordinance, with any recommended changes, is to be published (published on September 12, 2010).

•                     After the first publication, the required second public hearing will be held.

•                     Any changes the Council wishes to make may be incorporated in the appropriation ordinance before the second and final adoption action by the Council.

•                     Following the second hearing, and final adoption of the appropriation ordinance, the City Council shall consider and pass an ordinance levying the taxes for the current year and pass a new fee ordinance.

 

SPECIAL CONSIDERATIONS:

•                     Budget Discussions - Budget-planning discussions were held on June 28, 2010, and August 6, 2010.

•                     Budget Ordinance - Public hearings were held on September 7, 2010 and September 21, 2010; and final adoption on September 21, 2010.

•                     Ordinance levying property tax rate - Final adoption and record vote is scheduled for September 21, 2010.

•                     City Services Rates / Fees Change Ordinance - Rates adoption is scheduled for September 21, 2010.

 

FINANCIAL SUMMARY:                      None.

 

BOARD OR COMMISSION RECOMMENDATION:                      None.