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 10, 2018
RE:
Title
Overview of Major Revenue Trends and Discussion of Fee Change Proposals for FY 2019
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:
For the first of the three scheduled budget work sessions, staff will provide a presentation for discussion of major revenue assumptions for the General Fund and proposed fee schedule changes for Fiscal Year 2019.
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 City Manager’s Recommended Budget for Fiscal Year 2019 was made available to City Council on May 4, 2019. The formal budget presentation will be made by the City Manager at the May 14th regular Council meeting.
Three budget workshops have been scheduled on consecutive Thursdays - May 10th, May 17th and May 24th, 2018.
Issues/Analysis:
To be discussed and deliberated during scheduled budget workshops.
Budget Impact:
The budget impact will be discussed and deliberated during scheduled budget workshops.
Options:
No action requested at this time.
Recommended Action:
None required at this time.
Attachments:
Presentation of Major Revenue Trends and Fee Change Proposals for FY2019
FY2018 and Preliminary FY2019 Peer City Tax and Fee Comparisons
History of Funding Sources for Transit Operations