City Council Agenda and Packet 2006 06 27 SP

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PACKET COUNCIL COMMUNICATION TO: CITY COUNCIL FROM: WILLIAM A. SIMMONS CITY MANAGER DATE: JUNE 28,2006 SUBJECT: 2007 BUDGET/GOAL SETTING SESSION ORIGINATING DEPARTMENT: CITY MANAGER'S OFFICE Mayor and Council: This memorandum follows the agenda format and will provide a narrative of what topics and items that will be discussed in each agenda section. Please note that most of the information to be presented at the meeting will be done in the Power Point format. This meeting is intended to be quite interactive and everyone's participation and contribution is welcomed and encouraged. 2005/2006 Year In Review - We'll take a look at look at the significant events and accomplishments since the last budget meeting, June 28, 2005. Examples would be completion of the Community Park and our national recognitions from Money Magazine and Frommer's. We'll also talk about what's left to do for 2006, like opening the new library and adopting an Urban Renewal Plan, and some of the setbacks or unresolved issues that we have(declining sales tax revenue). 2006 Budqet In Retrospective - Will look at how we got to a final 2006 budget and what wasn't included, and those programs that were reduced or eliminated from the 2005 budget. 2006 Revenue and Expenditure Forecasts - This information is included in the meeting packet. 2006 Maior Capital Proiects Expenditure Update - Similar to what is done now on a monthly basis but with an opportunity for more dialogue and a look at capital projects that should be placed on hold as we sort out the decline in sales tax revenue. The next part of the meeting will brainstorm the 2007 budget. My Webster's defines brainstorming as "a group problem-solving technique that involves the spontaneous contribution of ideas from all members of the group". 2007 Revenue and Expenditure Assumptions - We'll look at what may happen to revenue (what will happen to sales taxes in 20017) or if there are any new revenue sources for next year (library services to non-residents). Also, what expenses that we have this year that we won't have next (like rent for leased space) and those new or increased expenses that will need to be considered for 2007 (like a full year of operation and maintenance of the Community Park and Library/garage building, regional public safety communications). I think the list of new expenses - many of them fixed - will be longer than other lists. IE SUBJECT AGENDA ITEM 2007 BUDGET/GOAL SETTING SESSION PACKET