| | | | | | | | Agenda Item - 4.e.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | Kingsley Okereke
| | Dept.: | City Manager
| Dept.: | Finance
| | Subject: | Adoption of Resolutions for the Fiscal Year 2017/18 and the Fiscal Year 2018/19 proposed budgets. (Action Item) | Date: | 6/27/2017 |
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| | | | | | | | OBJECTIVE
For the City Council to consider and to adopt Resolutions and reports for the City's Fiscal Years 2017/18 and 2018/19 budgets. |
| | | | | | | | BACKGROUND
Given the current economic climate and financial outlook, the budgets are based on a framework that includes unfunded liability impact, budget cuts, and other cost containment initiatives, some revenue growth, and use of one time available funds. |
| | | | | | | | DISCUSSION
In accordance with the plan presented for City Council consideration, attached are the Resolutions for adoption of the Fiscal Year 2017/18 and Fiscal Year 2018/19 budgets.
The following Resolutions are attached:
- A Resolution of the City Council of the City of Garden Grove adopting basic services, cable services, grant services, water services, capital improvements, special assessments relating to street lighting, Main Street and the Parking District, Tourism Improvement District, and Park Maintenance District Budgets for Fiscal Year 2017/18 and Fiscal Year 2018/19.
- A Resolution of the City Council of the City of Garden Grove adopting an appropriations limit for Fiscal Year 2017/18 implementing Article XIII B of the State Constitution pursuant to Section 7900 et. seq. of the Government Code.
- A Resolution of the City Council of the City of Garden Grove appropriating fund balances as of June 30, 2017, to reserves for future year reappropriation.
- A Resolution of the City Council of the City of Garden Grove reappropriating certain Fiscal Year 2016/17 Project Balances and Encumbrances for the Fiscal Year 2017/18.
- A Resolution of the City Council of the City of Garden Grove adopting budgets for the Garden Grove Housing Authority for Fiscal Year 2017/18 and Fiscal year 2018/19.
The following reports are submitted for approval:
- Water Supply Program Budget for Fiscal Year 2017/18 and Fiscal Year 2018/19.
- Overnight Conference and Training List for Fiscal Year 2017/18 and Fiscal Year 2018/19.
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| | | | | | | | FINANCIAL IMPACT
Adoption of these Resolutions will provide the funding needed for vital City services. |
| | | | | | | | RECOMMENDATION
It is recommended that the City Council:
- Adopt the attached Resolutions and approve the Water Supply Program and Overnight Conference and Training List, and act on these items simultaneously unless separate discussion and/or action is requested by a City Council Member.
By: Ann Eifert, Budget Manager
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