TO: Mayor and Members of City Council
THRU: Jeffrey Yates, Assistant City Manager
FROM: Kimberly Leonard, CPA, LGCBO, LGCFO, MPA, Director of Budget and Evaluation
DATE: May 28, 2024
RE:
Title
Public Hearing on the Proposed Fiscal Year 2024-2025 Annual Operating Budget
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 5: Financially Sound City Providing Exemplary City Services
Objective 5.1: To ensure strong financial management with fiduciary accountability and plan for future resource sustainability by aligning resources with City priorities.
Executive Summary:
This public hearing has been set to receive comments from the residents regarding the annual operating budget proposed for the City for fiscal year 2024-2025. The notice advertising the public hearing was published in the Fayetteville Observer on Sunday, May 19, 2024.
Background:
The City Manager delivered his formal budget presentation at the May 13, 2024, Council meeting.
The budget had been made available for public inspection on the City’s website at the following link:
638512165042870000 (fayettevillenc.gov) <https://www.fayettevillenc.gov/home/showpublisheddocument/25704/638512165042870000> <https://www.fayettevillenc.gov/home/showpublisheddocument/25704/638512165042870000>
Issues/Analysis:
This public hearing is required by the North Carolina Local Government Budget and Fiscal Control Act.
Budget Impact:
As presented in the Fiscal Year 2025 Recommended Budget document.
Options:
No Council action is required.
Recommended Action:
Receive public comments on the recommended budget.
Attachments:
None