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Page 1 of 2 <br />REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />June 22, 2015 <br />SUBJECT <br />Fiscal Year 2015-16 Budget Adoption <br /> <br />RECOMMENDATION <br />Adopt, by resolution, the Fiscal Year 2015-16 Budget. <br /> <br />BACKGROUND <br />On June 8th the City Council held a budget study session at which time the Council <br />reviewed the published recommended FY 2015-16 budget as submitted by the City <br />Manager. After reviewing the budget, the City Council directed no changes to the <br />budget as submitted. An outline of key budget proposals is included in the June 8 staff <br />report. <br /> <br />ANALYSIS <br />The proposed general fund budget of $101,900,435 and other funds budget of <br />$101,100,866 is now submitted for City Council adoption. The recommended budget <br />reflects the Council’s priorities to enhance services for the community and provides the <br />resources to accomplish the City’s Strategic Initiatives. <br /> <br />A copy of the recommended budget is on file with the City Clerk for public review and is <br />also available on the City’s website. <br /> <br />ALTERNATIVES <br />The City Charter requires that the Council adopt a budget by resolution. Not adopting a <br />budget would place the City out of compliance with the City Charter. <br /> <br />FISCAL IMPACT <br />Adopting the FY 2015-16 budget will provide authority for staff to continue municipal <br />operations, including the development and construction of capital projects this coming <br />fiscal year. <br /> <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br /> <br /> <br /> <br />8.A. - Page 1