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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 17, 2014 <br />TITLE: <br />PUBLIC HEARING — REAFFIRM AND <br />REVISE THE FISCAL YEAR 2014 -15 <br />CITY BUDGET <br />J <br />CITY MANAG <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />F-T-1-0111WIRk <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt an ordinance appropriating monies for the fiscal year commencing July 1, 2014. <br />2. Adopt a Seven -Year Capital Improvement Program (CIP) from fiscal year 2014 -15 through fiscal <br />Year 2020 -21 per Orange County Transportation Authority (OCTA) Measure M2 eligibility <br />requirement. <br />Adopt a resolution amending resolution numbers 82 -110, 91 -066 and 96 -095 to effect certain <br />changes to the City's basic classification and compensation plans. <br />DISCUSSION <br />On June 17, 2013, the Mayor and City Council approved the City's 2013 -15 two -year budget. The <br />2013 -15 budget fulfills the City's mission to deliver efficient public services in partnership with our <br />community which ensures public safety, a prosperous economic environment, opportunities for our <br />youth, and a high quality of life for residents. The primary fiscal objective is to establish the <br />foundation and base -line to build upon future budgets as well as community and organizational <br />needs. As such, this budget continues established objectives and strategies adopted under the <br />five -year Strategic Plan to move the City into long -term financial stability while maintaining core <br />programs and services to the extent possible. <br />The total annual proposed revised budget for fiscal year 2014 -15 is $430,987,112. The proposed <br />revisions incorporate all funded appropriations related to the General Fund, Internal Service, <br />Enterprise, Special, Community Development and Housing, Capital Improvement Projects and <br />Grant funding. The proposed revised 2014 -15 General Fund budget is estimated at $208.9 million <br />and equates to approximately 50% of the total annual proposed budget. The General Fund <br />7513-1 -1 <br />