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Item No. 3 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: ORDINANCE ADOPTING THE PROPOSED 2017-18 CITY BUDGET <br />DATE: September 12, 2017 <br />BACKGROUND: The proposed 2017-18 City budget was presented to the City Council on <br />July 10, 2017. A public hearing was held on September 5th on the proposed budget. No changes <br />were proposed to the document. This budget ordinance summarizes revenues and expenses for <br />all budgeted city funds and departments. It also provides for certain transfers to be made between <br />various city funds. <br />STATUS OF ISSUE: The proposed city budget has been reviewed and modified by the City <br />Council and public hearings were held in accordance with city charter requirements. The <br />proposed budget as amended now awaits the City Council's formal adoption through this <br />ordinance. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the 2017-18 City Budget Ordinance. <br />