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THE CITY OF 1 5 <br /> w = CITY COUNCIL AGENDA REPORT <br /> PLE ASANTON. <br /> June 6, 2017 <br /> Finance <br /> TITLE: REVIEW OF THE TWO YEAR OPERATING BUDGET FOR FISCAL YEARS <br /> 2017/18 AND 2018/19 AND THE FOUR YEAR CAPITAL IMPROVEMENT <br /> PROGRAM FOR FISCAL YEARS 2017/18 THROUGH 2020/21 <br /> SUMMARY <br /> Every two years the City adopts a two year operating budget and a four year Capital <br /> Improvement Program (CIP) (collectively, the "Budget"). Prior to adoption of the <br /> Budget, staff has traditionally presented the document to the City Council in a public <br /> meeting for the purpose of facilitating public comment, addressing any Budget <br /> related questions and receiving any direction regarding amendments or additional <br /> information. As such, this item is intended to be a dialogue between the Council, the <br /> public and staff regarding the Budget. <br /> STAFF RECOMMENDATION <br /> Review the Two Year Operating Budget and the four year Capital Improvement <br /> Program, and provide staff with direction regarding any issues or amendments to <br /> address prior to formal Council action scheduled for June 20, 2017. <br /> FINANCIAL STATEMENT <br /> City Budget expenditures for fiscal years 2017/18 and 2018/19 are $174.9 million and <br /> $172.1 million respectively for the Operating Budget and $28.2 million and $24.4 <br /> million for the Capital Improvement Program. Staff intends to make individual <br /> presentations for both of the budgets providing detail on the Budget including <br /> revenues and expenditures. <br />