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THE CITY OF 16 <br /> CITY COUNCIL AGENDA REPORT <br /> pLEASANTONo <br /> June 4, 2013 <br /> City Manager <br /> TITLE: REVIEW OF THE TWO YEAR OPERATING BUDGET (2013/14FY AND <br /> 2014/15FY) AND THE FOUR YEAR CAPITAL IMPROVEMENT PROGRAM <br /> (2013/14FY THRU 2016/17FY) <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 holding a public hearing <br /> for formal adoption of the Budget, staff has traditionally publically presented the <br /> document to the City Council for the purpose of facilitating public comment, addressing <br /> any Budget related questions and receiving any direction regarding amendments or <br /> additional information. As such, this item is intended to be a dialogue between the <br /> Council, the public and staff regarding the Budget. <br /> STAFF RECOMMENDATION <br /> Review the 2013/14FY and 2014/15FY Two Year Operating Budget and the four year <br /> Capital Improvement Program, for fiscal years 2013/14 through 2016/17, and provide <br /> staff with direction regarding any issues or amendments to incorporate in the documents <br /> prior to bringing the Budget forward for Council approval on June 18, 2013.. <br /> FINANCIAL STATEMENT <br /> City Budget expenditures for 2013/14FY and 2014/15FY are $162,129,348 and <br /> $166,937,883 respectively for the Operating Budget and $17,103,460 and $9,822,774 <br /> for the Capital Improvement Program. Staff intends to make a presentation at the <br /> workshop providing detail on the Budget including revenues and expenditures. <br />