HomeMy WebLinkAbout06/18/2002, P.H. 2 - ADOPTION OF 2002-03 BUDGET D
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CITYOF SAN LUIS O B I S P O
FROM: Ken Hampian,City Administrative Officer
Bill Statler,Director of Finance
Prepared By: Carolyn Dominguez,Accounting Manager
SUBJECT: ADOPTION OF 2002-03 BUDGET
CAO RECOMMENDATION
Adopt a resolution approving amendments to the 2001-03 Financial Plan and appropriating funds
for fiscal year 2002-03 in the amount of$77,125,200.
DISCUSSION
Preliminary 2002-03 Budget
Consistent with the City's two year approach to the budgetary process, the 2002-03 Budget
presented for formal Council adoption at this time has been prepared using the 2001-03 Financial
Plan as its primary foundation. It also incorporates the analysis presented to Council as part of the
2001-02 mid-year review on February 26, 2002; the enterprise fund rate reviews held on May 21
and June 4, 2002; and other budget changes affecting 2002-03 approved by the Council since the
adoption of the 2001-03 Financial Plan such as the community development block grant program.
A comprehensive analysis of the significant budget issues facing the City during 2002-03 along
with recommended supplemental appropriations are included in the Introduction (under Budget
Message and Budget Highlights)of the accompanying Preliminary 2002-03 Budget.
ATTACHMENT
Resolution amending the 2001-03 Financial Plan and appropriating funds for 2002-03
ENCLOSURE
2001-03 Financial Plan Supplement and Preliminary 2002-03 Budget
CTinance\Budget FoldersTinancial Plan Supplements\2002-03
RESOLUTION NO. (2002 Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO
APPROVING AMENDMENTS TO THE 2001-03 FINANCIAL PLAN AND
APPROPRIATING FUNDS FOR FISCAL YEAR 2002-03
WHEREAS, the Council adopted the 2001-03 Financial Plan on June 19, 2001 which
established comprehensive financial and policy guidelines for fiscal years 2001-02 and 2002-03;
and
WHEREAS, the 2001-03 Financial Plan included appropriations for fiscal year 2002-03;
and
WHEREAS, the Council has reviewed proposed changes to the 2001-03 Financial Plan to
be effective for fiscal year 2002-03 after holding budget workshops and noticed public hearings;
and
WHEREAS, the City Administrative Officer has submitted the 2001-03 Financial Plan
Supplement and Preliminary 2002-03 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 2002-03 in the amount of$77,125,200.
Upon motion of seconded by ,
and on the following roll call vote:
AYES:
NOES:
ABSENT:
the foregoing resolution was adopted this 18th day of June 2002.
Mayor Allen Settle
ATTEST:
City Clerk
APPROVED AS FORM:
Pi A o y