HomeMy WebLinkAbout06/15/2004, PH8 - ADOPTION OF 2004-05 BUDGET j I
council Mmti.,Dw June 15,2004
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C I TY OF SAN LU I S OBISPO
FROM: Ken Hampian, City Administrative Officer
Bill Statler, Director of Finance & Information Technology
Carolyn Dominguez,Finance Manager
SUBJECT: ADOPTION OF 2004-05 BUDGET
CAO RECOMMENDATION
Adopt a resolution approving amendments to the 2003-05 Financial Plan and appropriating funds for
fiscal year 2004-05.
DISCUSSION
Consistent with the City's two year approach to the budgetary process,the 2004-05 Budget presented
for formal Council adoption at this time has been prepared using the 2003-05 Financial Plan as its
primary foundation. It also incorporates the analysis presented to Council as part of the 2002-03
mid-year review on February 17, 2004; the enterprise fund rate reviews held on June 1, 2004; and
other budget changes affecting 2004-05 approved by the Council since the adoption of the 2003-05
Financial Plan such as the community development block grant program.
A comprehensive analysis of the significant budget issues facing the City for 2004-05 along with
recommended supplemental appropriations are included in the Introduction (under Budget Message
and Budget Highlights)of the accompanying Preliminary 2004-05 Budget.
ATTACHMENT
Resolution amending the 2003-05 Financial Plan and appropriating funds for 2004-05
ENCLOSURE
2003-05 Financial Plan Supplement and Preliminary 2004-05 Budget
G:\Finance\Budget Folders\Financial Plan Supplements\2004-05\Council Agenda Report,Budget Adoption
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Attachment 1
RESOLUTION NO. (2004 Series)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING AMENDMENTS TO THE 2003-05 FINANCIAL PLAN AND
APPROPRIATING FUNDS FOR FISCAL YEAR 2004-05
WHEREAS, the Council adopted the 2003-05 Financial Plan on June 17, 2003, which
established comprehensive financial and policy guidelines for fiscal years 2003-04 and 2004-05; and
WHEREAS, the 2003-05 Financial Plan included appropriations for fiscal year 2004-05; and
WHEREAS, the Council has reviewed proposed changes to the 2003-05 Financial Plan to be
effective for fiscal year 2004-05 after holding noticed public hearings; and
WHEREAS, the City Administrative Officer has submitted the 2003-05 Financial Plan
Supplement and Preliminary 2004-05 Budget to the Council for their review and consideration.
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of San Luis Obispo
hereby approves amendments to the 2003-05 Financial Plan and appropriates funds for fiscal year
2004-05.
Upon motion of seconded by , and
on the following roll call vote:
AYES:
NOES:
ABSENT:
the foregoing resolution was adopted on June 15, 2004.
Mayor David F. Romero
ATTEST:
City Clerk
APPROVED AS TO FORM:
Jo6th,uW. Lowell, City Attorney