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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 5, 2018 <br />TITLE: <br />PUBLIC HEARING — FISCAL YEAR <br />2018-19 CITY BUDGET <br />(STRATEGIC PLAN NO. 4,2A) <br />CLW MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 151 Reading <br />❑ Ordinance on 2n° Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Approve the use of Unassigned Fund Balance ("One -Time Monies") from the General Fund up <br />to $10.2 million for balancing the fiscal year 2018-19 budget. <br />2. Adopt an ordinance appropriating funds for the fiscal year commencing July 1, 2018, (EXHIBIT <br />1). <br />3. Adopt a Seven -Year Capital Improvement Program (CIP) beginning fiscal year 2018-19 through <br />fiscal Year 2024-25 per Orange County Transportation Authority (OCTA) Measure M2 eligibility <br />requirement. <br />4. Adopt a resolution to amend and reestablish the City's basic classification and compensation <br />plans (EXHIBIT 2). <br />5. Record certain unclaimed deposits within the Treasurer's Trust Fund and appropriating the <br />same into the General Fund revenue account and City Services Fund revenue account(s). <br />Record certain unclaimed deposits within the Bulk Water Deposits Fund and appropriating the <br />same into the Water Utility Fund revenue account. <br />DISCUSSION <br />On May 1, 2018, the City Council was provided both a fiscal year 2017-18 Third Quarter Update <br />and fiscal year 2018-19 General Fund Trial Budget presentation. Included within the presentations <br />were a set of governing principles, developed in collaboration with the Executive Management <br />Team, as the basis for the development of the Proposed fiscal year 2018-19 budget. These <br />governing principles include: <br />75A-1-1 <br />