04 - ORDINANCE ADOPTING THE PROPOSED 2015-16 CITY BUDGET

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Item No. 4 memorandum TO: City Council John Godwin, City Manager FROM: Gene Anderson, Finance Director SUBJECT: ORDINANCE ADOPTING THE PROPOSED 2015 -16 CITY BUDGET DATE: September 16, 2015 BACKGROUND: The proposed 2015 -16 City budget was presented to the City Council on July 13, 2015. A public hearing was held on September 8th on the proposed budget, and a second public hearing was held on September 14th for the proposed increases to the original budget. This budget ordinance summarizes revenues and expenses for all budgeted city funds and departments. It also provides for certain transfers to be made between various city funds. STATUS OF ISSUE: The proposed city budget has been reviewed and modified by the City Council and public hearings were held in accordance with city charter requirements. The proposed budget as amended now awaits the City Council's formal adoption through this ordinance. BUDGET: N/A RECOMMENDATION: Motion to approve the 2015 -16 City Budget Ordinance.