Title
Consider adopting Ordinance No. 3464 amending the City’s Operating and Capital Improvement Program Budget for the 2016-17 fiscal year; and take appropriate action.
Body
DISCUSSION:
Ordinance No. 3464 amends the 2016-17 fiscal year operating and capital budget to a level that is consistent with the City’s most current estimate of revenues and expenditures.
This ordinance supports the City’s guiding principle of financial stewardship.
RECOMMENDATION:
City Administration recommends the adoption of Ordinance No. 3464 amending the 2016-17 fiscal year operating and capital improvement budget.
POSSIBLE COUNCIL ACTION:
1. I move to approve adopting Ordinance No. 3464 amending the City’s Operating and Capital Improvement Program Budget for the 2016-17 fiscal year.
2. I move to approve adopting Ordinance No. 3464, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENTS:
1. Information Memorandum
2. Ordinance No. 3464
Including Exhibit I - Proposed Year-End Changes