11C - 2ND READ ORD - ADOPT 2017-2018 BUDGET

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Ordinance — Second Reading: FY 17-18 Budget July 5, 2017 Page 3 Furthermore, the following ordinance was introduced for first reading and City Council authorized publication of title by a vote of 5-1 (Martinez dissented and Tinajero absent): ORDINANCE NO. NS -2919 - ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROPRIATING MONIES TO THE SEVERAL OFFICES, AGENCIES, AND DEPARTMENTS OF THE CITY FOR FISCAL YEAR BUDGET PERIOD COMMENCING JULY 1, 2017 STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #4 — City Financial Stability, Objective #2 (provide a reliable five-year financial forecast that ensures financial stability in accordance with the strategic plan), Strategy A (adopt a budget that is in alignment with the financial forecast and strategic plan). FISCAL IMPACT The addition of the City Attorney's Office budget to investigate Police Department oversight options will increase both the City and General Fund Budgets respectively in the amount of $35,000. The expenditure increase is offset by a corresponding increase in the revenue account of Earnings on Investment (01102002-58000) to $753,000. The increase in revenue is as a result of a recent increase by the Federal Government of interest rates which impact the City's investment portfolio in a positive manner. With the approval of the Second Reading, the proposed fiscal year 2017-18 budget in the amount of $510,713,778 will be appropriated to the City's various funds, departments, programs and enterprise activities. Of those amounts, $234,235,795 will be appropriated to the various General Fund operating departments. Francisco Gutierrez Executive Director Finance and Management Services Agency EXHIBITS: 1. Ordinance No. NS -2919 2. City Council Requested Modifications to FY 17-18 Budget 3. Resolution (City's Basic Classification and Compensation Plan) 4. Resolution (Interim funding for fiscal year 2017-18) 11C-3