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7.A. - Page 1 <br /> RE PO RT <br /> To the Honorable Mayor and City Council <br /> From the Cit Mana er <br /> June 24, 2013 <br /> SUBJECT <br /> Fiscal Year 2013-14 Budget Adoption <br /> RECOMMENDATION <br /> Adopt, by resolution, the Fiscal Year 2013-14 Budget. <br /> BACKGROUND <br /> On June 3rd the City Council held a budget study session at which time the Council <br /> reviewed the published recommended FY 2013-14 budget as submitted by the City <br /> Manager. In accordance with the direction provided by Council at the June 3rd budget <br /> study session, one Council directed change is included as part of the budget that is now <br /> submitted for City Council adoption. <br /> At the June 3rd budget study session the Council directed that the following change be <br /> included in the adopted budget: <br /> • Add $250,000 to the Organizational Efficiencies Program (61223) in the General <br /> Fund. <br /> The foregoing change will increase the budgeted general fund expenditures in FY 2013- <br /> 14 by $250,000 from $83,429,621 in the recommended budget to $83,679,621. <br /> ANALYSIS <br /> The recommended changes are consistent with Council's direction on the adoption of <br /> the proposed budget. <br /> A copy of the recommended budget is on file with the City Clerk for public review. <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 /> FISCAL IMPACT <br /> Adopting the FY 2013-14 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 />