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<br /> <br />TO: <br />FROM: <br /> <br />DATE: <br /> <br />MAYOR AND CITY COUNCIL <br /> <br />MALCOLM FLEMING <br />CITY MANAGER <br /> <br />JAN UARY 12, 2009 <br /> <br />CITY MANAGER'S 2009 GOAL/SUSTAINABLE BUDGET AND <br />REQUIRED REVENUE - DISCUSSION <br /> <br />SUBJECT: <br /> <br />ORIGINATING DEPARTMENT: <br /> <br />CITY MANAGER'S OFFICE <br /> <br />SUMMARY: In the City Manager's 2009 Goals a "Sustainable Budget and Required Revenue" <br />discussion is anticipated. The goal seeks to develop a summary presentation of the current <br />budget process, identify what is currently funded, review projects that did not make the list, <br />ascertain potential projects to be considered should funding be available and determine <br />possible funding sources. In order to begin such discussions with the public at large the City <br />Manager and Finance Department would like to receive City Council feedback on the following <br />framework and timeline to begin those discussions. The framework would proceed as follows: <br /> <br />. Hold a number of public forums, focus groups and/or small group meetings with <br />interested parties during February and March to present <br />A) The 2009 budget as approved (at the fund level) <br />B) The initial proposed budget as requested by staff with discussion regarding <br />CIP and General Fund projects that were not ultimately funded <br />C) Discuss additional projects that citizens would like to see funded over the next <br />five years not in the 5-year CIP. <br />D) Current assumptions in the long-range forecast and what that means for future <br />funding levels. <br />E) Discuss potential funding sources and if there is a preference for one over the <br />other such as sales tax, property tax, use tax etc. <br /> <br />Once the public discussion is finalized, compile the results and feedback from citizens to <br />present to City Council for consideration in early April. Based on results, discuss next steps <br />should City Council wish to pursue additional funding sources for 2009/10. <br /> <br />FISCAL IMPACT: Staff time initially, with potential for pursuit of additional revenue sources in <br />09/10. <br /> <br />RECOMMENDATION: Discussion <br /> <br />IE <br /> <br />SUBJECT <br /> <br />CITY MANAGER'S 2009 <br />GOAL/SUSTAINABLE BUDGET AND <br />REQUIRED REVENUE - DISCUSSION <br />4 <br /> <br />AGENDA ITEM <br /> <br />III <br />