AgdaPkt 2012-06-25 - Laserfiche WebLink

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7.A. - Page 1 RE PO RT To the Honorable Mayor and City Council From the Cit Mana er June 25, 2012 SUBJECT Fiscal Year 2012-13 Budget RECOMMENDATION By resolution, adopt the FY 2012-13 budget. BACKGROUND On June 11t" the City Council held a budget study session at which time the Council reviewed the published recommended FY 2012-13 budget as submitted by the City Manager. In accordance with the direction provided by Council at the June 11 t" budget study session, one Council directed change is included as part of the budget that is now submitted for City Council adoption. At the June 11t" budget study session the Council directed that the following change be included in the adopted budget: • Add Economic Development Manager position to Economic Development (61240) in the General Fund in the amount of $197,296. Additionally, based on the suggestion from Council member Jeff Ira, it is recommended that $250,000 be appropriated from General Fund reserves to finance various projects being explored by staff that will result in increased organizational efficiencies and restructuring. Should the Council decide to proceed with this funding, it is recommended that these funds be taken from "Unassigned Fund Balance —Residual Balance" in the General Fund by appropriating these funds to supplies and services in a subprogram within the City Manager's budget titled "Organizational Efficiencies." During the meeting one of the employee cohorts will provide an update to the City Council on some of the projects they have been working on and which projects they would like to implement if funding permits. Attached as Exhibit A, is a memo from the City Manager that discusses in greater detail what the $250,000 could be used for in the coming year. The foregoing changes will: Increase the budgeted general fund expenditures in FY 2012-13 by $447,296 from $80,068,625 in the recommended budget to $80,515,921.