Legislation Details

File #: 10-415    Name: Budget Appropriation Ordinance FY11 - 1st Hearing
Type: Ordinance Status: Approved
In control: City Council Regular Meeting
On agenda: 9/7/2010 Final action: 9/7/2010
Title: Conduct a Public Hearing to Consider/Discuss/Act on the Budget Appropriation Ordinance for FY 2010-11 - 1st Reading
Attachments: 1. Budget Ordinance, 2. Budget Presentation

Title

Conduct a Public Hearing to Consider/Discuss/Act on the Budget Appropriation Ordinance for FY 2010-11 - 1st Reading

 

Summary

 

MEETING DATE:                     September 7, 2010

 

DEPARTMENT:                      Finance

 

CONTACT:                                            Jennifer Fung, Executive Director of Finance

                                                               Jason Weeks, Assistant Finance Director

 

RECOMMENDED CITY COUNCIL ACTION:

  • Conduct public hearing.
  • Approval of ordinance on first reading.
  • Schedule second Public Hearing and adoption of the ordinance for September 21, 2010.
  •  
  • ITEM SUMMARY:
  • Proposed budget for all operating funds and CIP projects for FY2010-11 totaled more than $191.9 million (excluding interfund transfers).
  • The proposed tax rate remains the same at $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 scheduled for the September 7, 2010 Council Meeting satisfies the Charter requirement.
  • Following approval of the first reading, the appropriation ordinance, with any recommended changes, is to be published.
  • A second public hearing will be scheduled at least ten days after publication.
  • Any changes the Council wishes to make may be incorporated in the appropriation ordinance before the second and final adoption action (planned for September 21, 2010) 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:
  • Important dates for budget ordinance, tax rate ordinance and Rates/Fees Change ordinance are:
  • Budget Ordinance - Public hearings (September 7, 2010 and September 21, 2010) and final adoption (September 21, 2010) of annual budget.
  • Ordinance levying property tax rate - Vote adopt the ordinance levying the property tax rate (September 21, 2010).
  • City Services Rates / Fees Change Ordinance - adoption (September 21, 2010).

 

FINANCIAL SUMMARY:                      None.

 

BOARD OR COMMISSION RECOMMENDATION:                      None.