HomeMy WebLinkAbout06/16/1998, 5 - ADOPTION OF 1998-99 BUDGET council °'°��- l -�
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CITY O F SAN LUIS O B 1 O
FROM: Bill Statler,Director of Finance
Prepared By: Carolyn Dominguez,Accounting Manager G
SUBJECT: ADOPTION OF 1998-99 BUDGET
CAO RECOMMENDATION
Adopt a resolution approving amendments to the 1997-99 Financial Plan and appropriating fiords
for fiscal year 1998-99 in the amount of$54,509,700.
DISCUSSION
Preliminary 1998-99 Budget
Consistent with the City's two year approach to the budgetary process, the 1998-99 Budget
presented for formal Council adoption at this time has been prepared using the 1997-99 Financial
Plan as its primary foundation. It also incorporates the analysis presented to Council as part of the
1997-98 mid-year review on February 17, 1998; the enterprise fund rate reviews held on June 2,
1998; and other budget changes affecting 1998-99 approved by the Council since the adoption of
the 1997-99 Financial Plan such as the community development block grant program.
A comprehensive analysis of the significant budget issues facing the City during 1998-99 along
with recommended supplemental appropriations are included in the Introduction (under Budget
Message and Budget Highlights)of the accompanying Preliminary 1998-99 Budget.
ATTACHMENTS
Resolution amending the 1997-99 Financial Plan and appropriating funds for 1998-99
ENCLOSURE
■ 1997-99 Financial Plan Supplement and Preliminary 1998-99 Budget
■ Appendix: 1998-99 Significant Operating Program Changes and Capital Improvement Plan
Changes
RESOLUTION NO. (1998 Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING AMENDMENTS TO THE 1997-99 FINANCIAL PLAN AND
APPROPRIATING FUNDS FOR FISCAL YEAR 1998-99
WHEREAS, the Council adopted the 1997-99 Financial Plan on June 17, 1997 which
established comprehensive financial and policy guidelines for fiscal years 1997-98 and 1998-99;
and
WHEREAS, the 1997-99 Financial Plan included appropriations for fiscal year 1998-99;
and
WHEREAS, the Council has reviewed proposed changes to the 1997-99 Financial Plan to
be effective for fiscal year 1998-99 after holding noticed public hearings and budget workshops;
and
WHEREAS, the City Administrative Officer has submitted the 1997-99 Financial Plan
Supplement and Preliminary 1998-99 Budget to the Council for their review and consideration.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San Luis
Obispo hereby adopts the budget for fiscal year 1998-99 in the amount of$54,509,700.
Upon motion of seconded by
and on the following roll call vote:
AYES:
NOES:
ABSENT:
the foregoing resolution was adopted this day of June, 1998.
Mayor Allen Settle
ATTEST:
City Clerk
APPROVED AS TO FORM:
iVM0rry