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City of Fayetteville
File #: 22-2741    Version: 2 Name:
Type: Other Items of Business Status: Agenda Ready
File created: 5/17/2022 In control: City Council Regular Meeting
On agenda: 5/23/2022 Final action:
Title: Presentation of the Recommended Fiscal Year 2022-2023 Annual Operating Budget and Setting of the Budget Public Hearing
Attachments: 1. FY23 Budget Presentation

TO:                                            Mayor and Members of City Council

THRU:                      Jay Toland, Assistant City Manager

 

FROM:                     Kelly Olivera, Budget and Evaluation Director

 

DATE:                      May 23, 2022

 

RE:

Title

Presentation of the Recommended Fiscal Year 2022-2023 Annual Operating Budget and Setting of the Budget Public Hearing                      

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:

The City Manager will present an overview of the recommended annual operating budget for fiscal year 2022-2023.  Additionally, City Council will be asked to set the required public hearing on the budget for June 13, 2022.

 

 

Background: 

The Local Government Budget and Fiscal Control Act (LGBFCA) requires submission of a balanced, recommended budget for the upcoming fiscal year to the governing board not later than June 1st each year.  The LGBFCA also requires that the governing board hold a public hearing on the budget prior to adopting the budget ordinance.

 

 

Issues/Analysis: 

Issues will be discussed and deliberated during scheduled workshops on three consecutive Thursdays - May 26th, June 2nd, and June 9th, 2022.   

 

 

Budget Impact: 

The budget impact will be discussed and deliberated during the scheduled workshops.

 

 

Options

Receive the presentation and set the public hearing to receive comments on the recommended budget for June 13, 2022.

 

 

Recommended Action: 

Staff recommends that Council move to set the public hearing to receive comments on the recommended budget for June 13, 2022.

 

 

Attachments:

City Manager’s Presentation PowerPoint to be provided at a later date.