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BACKGROUND <br /> The Budget includes a comprehensive detailed account, forecast and plan of all City <br /> revenues and expenditures including the General Fund, enterprise funds, internal service <br /> funds, special revenue funds and capital funds. It is divided into two components with <br /> one, often referred to as the "operating budget" dealing primarily with ongoing operating <br /> expenses and revenues including personnel costs, ongoing programs and routine <br /> maintenance and the other, the CIP, pertaining to major infrastructure improvements and <br /> expansion projects that are generally one time in nature. The CIP does not include any <br /> personnel related expenses. Both the Two Year Operating Budget and the CIP <br /> documents include narratives that provide information regarding budgetary opportunities, <br /> issues and goals. <br /> As with all City budgets, this document focuses attention on those areas deemed by the <br /> City Council to be high priority. As a result, the Budget maintains existing service levels <br /> and meets capital needs in a way that addresses not only new programs and capital <br /> projects, but a wide range of maintenance projects related to roadways, parks, water and <br /> sewer systems. In this way it meets Council, community and staff goals. <br /> DISCUSSION <br /> As indicated above, this item is intended to be informative providing the Council and the <br /> public with an opportunity to review recommended expenditures, revenues and <br /> assumptions. In addition, it provides the Council with an opportunity to request additional <br /> information, if necessary, prior to the adoption of the Budget, which is scheduled for June <br /> 18, 2013. Staff intends to provide presentations covering all aspects of the Budget with a <br /> more abbreviated presentation at the June 18 meeting. <br /> Submitt and Approved by: <br /> Nelson Fialho <br /> City Manager <br /> Page 2 of 2 <br />