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Item No. 8 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PEDC 2015 -16 BUDGET <br />DATE: September 14, 2015 <br />BACKGROUND: The PEDC Board has met and approved a budget for fiscal year 2015 -16. <br />STATUS OF ISSUE: The PEDC Board has approved the attached 2015 -16 Budget and requests <br />that it be approved by the City Council as required by the PEDC bylaws. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the proposed 2015 -16 PEDC Budget. <br />