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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: June 5, 2006 TITLE: PUBLIC HEARING - FISCAL YEAR 2006-07 CITY BUDGET i ~ ~l f ducaUOn l.e, CLERK OF COUNCIL USE ONLY: ,~~ CI MA AGER RECOMMENDED ACTION APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1" Reading ^ Ordinance on 2"d Reading ^ Implementing Resolution ^ Set Public Hearing For_ CONTINUED TO FILE NUMBER 1. Adopt an ordinance appropriating monies for the fiscal year commencing July 1, 2006. 2. Adopt a resolution amending resolution numbers 82-110, 91-066 and 96-095 to effect certain changes to the City's basic classification and Compensation plans. DISCUSSION The 2006-07 fiscal year budget will enable the City to fulfill its purpose of providing quality service to enhance the safety, livability and prosperity of our community. In light of this purpose, this budget emphasizes public safety, quality development standards, effective community-driven code enforcement, and a positive partnership with the business and educational communities as its external priorities; while quality customer service and sound internal systems serve as internal priorities. Given these objectives, the total annual proposed budget for fiscal year 2006-07 is $482,090,685. Included in the $482,090,685 is a capital projects budget of $75,288,445 primarily funded through grants; refuse, sewer, water and sanitation budgets totaling $76,545,870; a housing assistance budget of $31,707,145; a redevelopment agency budget of $49,899,650; and a general fund budget of $213,449,235. In preparing the budget for the general fund, staff focused on resolving the dilemma of meeting the demands for services that exceed revenues. The general fund projected budget deficit is $13.2 million. This budget responds to that challenge through a balanced approach of stabilizing expenditures and using one time revenue carry forwards from prior fiscal years. 75A-1