TITLE
The Mayor and City Council shall discuss and possibly take action on adopting a tentative budget for fiscal year 2018-2019 (FY18-19) and the 5-Year Capital Improvement Plan. Discussion and Action.
AGENDA ITEM DESCRIPTION
In compliance with Title 42 of the Arizona Revised Statutes (A.R.S.), the tentative budget for FY18-19 is presented for Council consideration. The tentative operating and capital budget, based on Council strategic priorities and staff input, totals $87,887,440. The tentative operating budget totals $65,265,681 and the tentative Capital Improvement Projects (CIP) budget totals $22,621,759.
Final budget adoption is scheduled for June 19, 2018, at a Special Council Meeting.
Operating Budget
The proposed operating budget was developed through input from the April 2, 2018 Council Budget, Finance and Operations (BFO) Subcommittee meeting.
Based on this meeting, the proposed FY18-19 tentative operating budget totals $65,265,681. The totals, by fund, are as follows:
Tentative Operating Expenditures
General Fund $ 41,940,731
Highway User Revenue Fund 2,088,042
Copper Sky Recreation Fund 2,461,371
Grants Fund 15,103,590
Debt Service Fund 3,671,947
Total $ 65,265,681
The information above includes all operating funds of the City with the General Fund being the largest operating fund. Highlights of the tentative operating budget are as follows:
The proposed budget maintains the primary property tax rates at the same rate as in FY17-18.
Increases Funding for Court
Budgets 4% Increase in Salaries
Adds 10 positions
Focuses on Equipment Replacement
Funds Design of Fire Administration Building
As a result of City Manager review and BFO Subcommittee ...
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