REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Gilbert Garcia, Chief Financial Officer
Subject:
title
Public Hearing to consider adopting Resolution No. 2018-34 to Adopt a Budget for the City for Fiscal Year 2018/2019 - Continued from May 21, 2018 with Public Hearing Open
body
Statement of Issue:
The City Charter of the City of Huntington Beach requires a Public Hearing prior to the adoption of the City's annual budget. On December 18, 2017, the City Council approved Ordinance Number 4143 amending Huntington Beach Municipal Code (HBMC) Chapter 1.13 changing the fiscal year for the City to a July 1 to June 30 period. Thus, the City Charter requires adoption of the annual budget by June 30, 2018, for FY 2018/19.
Financial Impact:
The FY 2018/19 Proposed Budget is a structurally balanced budget. The All Funds Proposed Budget equals $373.1 million, including a General Fund Proposed Budget of $228.4 million. Individual department and fund level appropriations are contained in the attachments herein.
Recommended Action:
recommendation
A) Conduct the Public Hearing on the Proposed FY 2018/19 City budget appropriation of $373,127,959 as outlined in the Proposed Budget document;
B) Adopt Resolution Number 2018-34, "A Resolution of the City Council of the City of Huntington Beach Adopting a Budget for the City for Fiscal Year 2018/19;"
C) Authorize the Professional Services included in the FY 2018/19 budget to be representative of the services projected to be utilized by the departments in FY 2018/19;
D) Approve adjustments to the FY 2018/19 Proposed Budget in the Funds and by the amounts contained in Attachment 2, Exhibit A-1;
E) Approve the FY 2018/19 Proposed Budget Table of Organization as shown on Attachment 2 Exhibit D; and,
F) Approve an amendment to the City's Financial Policies to adjust reserve policies for the Water and Sewer Service Funds as shown ...
Click here for full text