Impact
WARD: City wide
COMMITTEE: Finance and Administration
$ IMPACT: See Below
Title
Adoption of the Fiscal Year 2020 Budget
Body
ISSUE: A public input session was held February 11, 2019 at the Community Center to get feedback prior to the start of the process with the departments. The Public Hearing for the FY 2020 proposed budget was held on May 20, 2019.
The total budget, as proposed, is $92,421,338. The General Fund budget is $52,651,725, Special Revenue Funds are $4,772,516, Capital Project Funds are $11,647,612, Internal Service Fund is $1,105,775 and the Enterprise Funds are $22,243,710.
BACKGROUND: For comparative purposes, the total revised FY 2019 budget, to date, is $102,916,737. The General Fund budget is $53,229,155, Special Revenue Funds are $4,188,079, Capital Project Funds are $21,946,655, Internal Service Fund is $1,952,000 and the Enterprise Funds are $21,600,848.
RECOMMENDATION/REQUESTED ACTION: Recommend adoption of the FY 2020 Budget as presented.