AgdaPkt 2016-06-13 Interview and Joint SA PFA

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9.A - Page I REPORT To the Honorable Mayor and City Council From the City Manager June 13, 2016 SUBJECT Fiscal Year 2016-17 Budget Study Session and Setting the Date for Public Hearing on and Adoption of the Budget RECOMMENDATION Provide direction regarding Proposed Fiscal Year 2016-17 budget and adopt a Resolution setting June 27, 2016 as the date for the public hearing on the Proposed Budget and as the date for final adoption of the Proposed Budget BACKGROUND On February 22, 2016, the City Council provided direction on the development of the Fiscal Year (FY) 2016-17 budget, asking staff to develop budget recommendations which address Council interests in five major categories: housing, transportation, maintaining and enhancing community services, community engagement and funding long term liabilities. At that meeting, the City Council also established June 13, 2016 as the date the City Manager shall submit the proposed general budget for FY 2016-17. At the April 25, 2016 City Council budget study session, staff provided updated budget assumptions, a five year general fund forecast, and received Council endorsement for a four-phase budget strategy: 1. Propose a FY 2016-17 general fund Budget which: a) Continues current initiatives to address Council Priorities b) Adjusts departments' operating budget to reflect actual expenditures based on historical expenditures c) Provides both ongoing service enhancements (such as ongoing staffing in the Police and Fire Departments) and short term service enhancements (such as one-time limited-term staffing for building inspection, housing, and legal services) d) Ensures appropriate general fund revenue is being received through a transient occupancy tax audit, and by evaluating whether development processing and other fees are set at the appropriate level to meet cost- recovery and policy goals; 2. Present a five-year Capital Improvement Program in fall 2016 3. Support, during the mid-year budget discussion in February 2017, the dedication of any net operating surplus from FY 2015-16 as follows: