SUBJECT/RECOMMENDATION:
Title
Amend the City’s fiscal year 2023/24 operating and capital improvement budgets at first quarter and pass Ordinances 9755-24 and 9756-24 on first reading.
Body
SUMMARY:
The fiscal year 2023/24 operating and capital improvement budgets were adopted in October 2023 by ordinances 9714-23 and 9715-23. Section 2.521 of the City’s Code of Ordinances requires the City Manager to prepare a quarterly report detailing income, expenditure estimates, collections, the explanation of significant variances, as well as the financial status of all capital improvement projects.
STRATEGIC PRIORITY:
The budgeting process aligns resource allocation to the advancement of our community in all five strategic priorities: high performing government, economic and housing opportunity, community well-being, environmental stewardship, and superior public service.