TITLE
The Mayor and City Council shall be provided with a Proposed Budget Overview on the fiscal year 2018-2019 (FY18-19) Operating Budget and Capital Improvement Plan.
AGENDA ITEM DESCRIPTION
In compliance with Title 42 of the Arizona Revised Statutes (A.R.S.), the tentative budget for FY18-19 will presented for Council consideration at City Council Regular Meeting. The tentative operating and capital budget for FY 18-19 was prepared based on Council strategic priorities and staff input.
During this presentation revenue projections will be presented including where our revenues come from, anticipated potential revenues which have not been included in the operating budget, where Maricopa resident property taxes are allocated, state budget impacts affecting Maricopa, anticipated budgeted expenditures based on direction received from the Council Budget, Finanace and Operations subcommittee meeting on April 24, 2018.
Presentation will provide information on the FY18-19 Capital Improvement Program including major expenditures by funding source and and major projects.
This item will be presented by Trisha Sorensen, Interim City Manager and Brenda Hasler, Financial Services Director.
STAFF RECOMMENDATION
Sorensen, Interim City Manager Staff recommends Mayor and Cithy Council hear presentation on the Proposed Budget Overview on the fiscal year 2018-19 Operating Budget and Capital Improvement Plan.