Impact
WARD: City Wide
COMMITTEE: Finance and Administration
$ IMPACT: See Below
Title
Adoption of the FY 2019 Budget
Body
ISSUE:
The First Public Hearing for the FY 2019 proposed budget was held on May 21, 2018. A second public meeting was held on May 23, 2018. There were minimum comments from the public during either presentation.
The total budget, as proposed, is $92,388,289. The General Fund budget is $51,537,655, Special Revenue Funds are $4,175,041, Capital Project Funds are $13,268,736, Internal Service Fund is $1,820,000 and the Enterprise Funds are $21,586,857.
BACKGROUND:
For comparative purposes, the total revised FY 2018 budget, to date, is $98,850,154. The General Fund budget is $47,812,790, Special Revenue Funds are $4,338,653, Capital Project Funds are $21,482,484, Internal Service Fund is $1,179,500 and the Enterprise Funds are $24,036,727.
RECOMMENDATION/REQUESTED ACTION:
Recommend adoption of the FY 2019 Budget as presented.