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Public Hearing — Fiscal Year 2015 -16 City Budget <br />June 16, 2015 <br />Page 3 <br />improvements to playgrounds, park and recreation facilities, street improvements for various <br />arterial streets, and significant funding in public utility improvements. To support the CIP, the <br />Public Works Agency is recommending a total of thirteen (13) positions. The Seven -Year CIP of <br />$211,525,225 from fiscal year 2015 -16 to 2021 -22 includes utilizing OCTA Measure M2 funding <br />for street improvements over the next seven years. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #4 City Financial Stability, Objective #2, (Provide a <br />reliable five -year financial forecast that ensures financial stability in accordance with the strategic <br />plan), Strategy A (Adopt a budget that is in alignment with the financial forecast and strategic plan). <br />FISCAL IMPACT <br />With approval of the proposed fiscal year 2015 -16 budget, $476,515,630 will be appropriated to <br />the City's various funds, departments, programs and enterprise activities. Of those amounts, <br />$225,813,258 will be appropriated to the various general fund operating departments. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />C� 1` ) <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />Exhibits: 1. Ordinance <br />2. Resolution w /exhibits <br />75A -1 -3 <br />