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8.A. - Page 1 <br /> REPORT <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> June 23, 2014 <br /> SUBJECT <br /> Fiscal Year 2014-15 Budget Adoption <br /> RECOMMENDATION <br /> Adopt, by resolution, the Fiscal Year 2014-15 Budget. <br /> BACKGROUND <br /> On June 9th the City Council held a budget study session at which time the Council <br /> reviewed the published recommended FY 2014-15 budget as submitted by the City <br /> Manager. After reviewing the budget, the City Council directed no changes to the <br /> budget as submitted. Therefore, the proposed general fund budget of $96,483,903 is <br /> now submitted for City Council adoption. <br /> ANALYSIS <br /> The recommended budget reflects the Council's priorities and provides the resources to <br /> accomplish the City's strategic initiatives. <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 2014-15 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 /> 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 />