TO: Mayor and Members of City Council
THRU: Telly C. Whitfield, Ph. D., Assistant City Manager
FROM: Tracey Broyles, Budget and Evaluation Director
DATE: May 14, 2018
RE:
Title
Presentation of the Recommended Fiscal Year 2018-2019 Budget and Setting of the Budget Public Hearing
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
GOAL V: Fayetteville will have unity of purpose and sustainable capacity across the organization.
OBJECTIVE: To ensure strong financial management with fiduciary accountability and plan for the 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 2018-2019. Additionally, City Council will be asked to set the required public hearing on the budget for May 29, 2018.
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 budget workshops on three consecutive Thursdays - May 10th, May 17th and May 24th, 2018.
Budget Impact:
The budget impact will be discussed and deliberated during scheduled budget workshops.
Options:
Receive the reports and set the date for the required public hearing on the budget.
Recommended Action:
Set the public hearing to receive comments on the recommended budget for May 29, 2018.
Attachments:
None