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The City Council did not request changes to the Recommended Budget as submitted; <br />however, the following accounting changes have been made to the FY 2018-19 <br />Recommended Budget and are included in the proposed FY 2018-19 Adopted Budget: <br /> <br />· Reduction of Gas Tax Revenues by $293,833 due to updated information provided <br />by the State subsequent to the printing of the Recommended Budget document; and <br /> <br />· Reduction by $479,100 of funding required for the Body Worn Cameras Capital <br />Improvement Project due to the Council’s approval of using departmental savings <br />from FY 2017-18 to fund the first year of this project. <br /> <br /> <br />ANALYSIS <br /> <br />FY 2018-19 Budget at-a-Glance <br /> <br />The FY 2018-19 Recommended Budget for all funds totals $276.7 million in revenues <br />and $282.1 million in expenditures. Expenditures are greater than revenues because <br />some expenditures, such as capital projects, are funded from existing available <br />resources and do not require new appropriations. The General Fund revenue portion of <br />the budget is $142.7 million. In prioritizing the long-term fiscal sustainability of the City, <br />the Recommended Budget is structurally balanced, while maintaining a General Fund <br />reserve of 15 percent. <br /> <br /> <br />8.C. - Page 2