08-26-2024 Agenda Packet - Laserfiche WebLink

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Item No. 17 t TO: Mayor, Mayor Pro Tem & City Council FROM: Rob Vine, Interim City Manager Gene Anderson, Finance Director SUBJECT: Budget Approval Schedule Public Hearings DATE: August 26, 2024 BACKGROUND: During the August 12, 2024 City Council heard a presentation regarding the Proposed FY24/25 Budget as prepared by the Former City Manager, Interim City Manager, Department Heads and Staff. The Interim City Manager and Finance Director issued a Memorandum summarizing the Proposed FY 24/25 Budget on August 7, 2024 which was summarized and presented at the August 12th Council Meeting. The Proposed FY24/25 Budget is for October 1, 2024 — September 30, 2025. The City Council conducted a budget workshop on August 19, 2024, and August 22, 2024, STATUS OF ISSUE: The City Council has rasied questions during the workshops and individual meetingsand staff have attempted to provide answers and additional information as requested. If there is a question that has not yet been answered, please let us know and we will get the answer to the Council. The City Council has the authority to request edits tonight. This agenda item is dedicated to further discussing the budget, asking questions, making any edits the Council deems appropriate, and preparing it for the following agenda items where the City will approve resolutions declaring a Property Tax Rate and Public Hearings for the Proposed FY24/25 Budget and Property Tax Rate. Depending on the types of changes made by the City Council tonight (if any), staff may need to adjust the next agenda items to account for the change in the proposed Property Tax Rate. City Staff might be able to make that adjustment tonight if a short recess is granted.