Placement: Second Reading of Ordinances / Public Hearing
Action Requested: Motion / Vote
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Ordinance 20-70, Public Hearing, Approve Budget Amendment #2 to Fiscal Year (FY) 19/20.
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Submitted By: Jeff Snyder, CFO, Financial Management Department
Strategic Plan Link: The City’s Mission to be financially responsible.
Executive Summary (General Business): Budget amendment #2 for FY 19/20 needs City Council approval.
Presentation Information: Brief PowerPoint Presentation by Jeff Snyder, CFO.
Staff Recommendation: Move that the Council approve the budget amendment #2 to FY 19/20.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve budget amendment #2 to FY 19/20.
2. Move that the Council provide staff direction.
Background: Changes to the City’s budget are customary and anticipated throughout the fiscal year due to the nature of operations. This amendment will adjust the operating and capital budget for each department/fund identified, noting the sources and uses of funds necessary to complete the FY 19/20 budget year. All amendments to the City’s budget require two readings.
Issues/Analysis: N/A
Financial Information: This budget amendment will address project costs due to growth, additional debt principal reduction payments, and health insurance claims and increases.
Special Consideration: N/A
Location of Project: N/A
Attachments:
1. FY 19-20 Budget Amendment #2 Ordinance 20-__
2. FY 19-20 Budget Amendment #2
3. FY 19-20 Budget Amendment #2 PowerPoint Presentation
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: Legal Intake #5494
Legal Sufficiency Review:
Reviewed by Sebastian K. Poprawski, Deputy City Attorney. Approved as to Legal form and sufficiency by James D. Stokes, City Attorney.