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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 4, 2012 <br />TITLE: <br />PUBLIC HEARING - FISCAL YEAR <br />2012 -13 CITY BUDGET <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on Vt Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt an ordinance appropriating monies for the fiscal year commencing July 1, 2012. <br />2. Adopt Fiscal Policy and approve an appropriation adjustment to shift Risk Management funds <br />and enhance General Fund reserve levels. <br />3. Adopt a resolution amending resolution numbers 82 -110, 91 -066 and 96 -095 to effect certain <br />changes to the City's basic classification and compensation plans. <br />DISCUSSION <br />The 2012 -13 fiscal year budget fulfills the City's purpose of providing quality service to enhance <br />the safety, livability and prosperity of our community. The primary fiscal objective for 2012 -13 is to <br />establish the foundation and base -line to build upon future budgets as well as community and <br />organizational needs. As such, this budget continues established strategies to move the City into <br />long -term financial stability while maintaining core programs and services to the extent possible. <br />The total annual proposed budget for fiscal year 2012 -13 is $409,856,985 and incorporates all <br />funded appropriations related to the General Fund, Internal Service, Enterprise, Special, <br />Community Development and Housing, Capital Improvement Projects and Grant funding. The <br />General Fund budget is estimated at $196.5 million or the equivalent of approximately 50% of the <br />total annual proposed budget. The General Fund supports those functions most commonly <br />associated with city government such as police, fire, recreation, library, planning and building, <br />street maintenance and general city administration. In an effort to protect critical front -line <br />services provided to the public, the proposed budget integrates various expenditure reduction <br />75B -1 <br />