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THE CITY OF <br />CITY COUNCIL AGENDA REPORT <br />PL~E~S~4NTONe <br />June 19, 2007 <br />Ciry Manager <br />TITLE: ADOPTING THE 2007-08/2008-09 OPERATING BUDGET AND THE 2007- <br />08 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM <br />SUMMARY <br />Staff is recommending the adoption of the 2007-08/2008-09 Operating Budget as was <br />previously presented at a workshop on June 12, 2006. Adoption of the Capital <br />Improvement Program budget will be recommended in a separate staff report. <br />RECOMMENDATION <br />Staff recommends that the City Council approve a Resolution adopting the 2007-08 and <br />2008-09 Operating budget and the 2007-08 Community Development Block Grant <br />Program. <br />FINANCIAL STATEMENT <br />The financial impact of this action is outlined in the Summary section of the budget <br />document and can also be found in Attachment C. <br />