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75A-2 - PH - 2017-2018 BUDGET
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75A-2 - PH - 2017-2018 BUDGET
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Last modified
6/1/2017 5:16:14 PM
Creation date
6/1/2017 5:03:04 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
75A-2
Date
6/6/2017
Destruction Year
2022
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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 6, 2017 <br />TITLE: <br />PUBLIC HEARING — FISCAL YEAR <br />2017-18 CITY BUDGET <br />(STRATEGIC PLAN NO. 4,2A) <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />r1 J [i1WCb <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Authorize the use of fund balance from the general fund in the amount of $9.3 million for <br />fiscal year 2017-18. <br />2. Direct staff to transition from a Type II Jail Facility to a Holding Facility during fiscal year <br />2017-18. <br />3. Adopt an ordinance appropriating funds for the fiscal year commencing July 1, 2017, <br />pending adoption of the revisions to the Budget and Financial Policies (EXHIBIT 1). <br />4. Adopt a Seven -Year Capital Improvement Program (CIP) beginning fiscal year 2017-18 <br />through fiscal Year 2023-24 per Orange County Transportation Authority (OCTA) Measure <br />M2 eligibility requirement. <br />5. Adopt a resolution to amend and reestablish the City's basic classification and <br />compensation plans (EXHIBIT 2). <br />6. Direct the City Manager to present a quarterly fiscal review, for the General Fund, during <br />fiscal year 2017-18 and provide for the accounting of unspent funds as it relates to vacant <br />positions. <br />7. Direct the City Manager to explore operational efficiencies and revenue enhancements to <br />minimize usage of one-time funds. <br />DISCUSSION <br />On May 2, 2017, the City Council was provided with a Fiscal Year 2016-17 3rd Quarter Update and <br />Fiscal Year 2017-18 General Fund Trial Budget presentation. Included in the presentation was a <br />projected budget gap of $14.4 million for fiscal year 2017-18 and $19.5 million for fiscal year 2018- <br />75A-2-1 <br />
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