File #: ORD-3464    Version: 1
Type: Ordinance Status: Regular Agenda
File created: 8/18/2017 In control: City Council
On agenda: 9/12/2017 Final action:
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.
Sponsors: Charles Cox
Attachments: 1. 2016-17 Year End Info Memo, 2. Clean FB Ord 3464 Amending 2016-2017 Year-End Budget, 3. Ordinance 3464 Exhibit A
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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