Budget

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Budget

Postby Sophia Williams » Mon Aug 07, 2017 3:34 pm

On behalf of Council Member Ora Houston:

Colleagues,

The Manager’s budget that was presented on August 2, 2017, included $5 million General Fund revenue dollars which could be used for the Strategic Outcomes found on page 64 of the Fiscal Year 2018 briefing book. Those funds were found because City Departments scrubbed their FY 18 budgets and kept their FY 17 actual expenditures at 1% below the FY 17 budget. For that I thank them!

I recommend that the City Council postpone allocating the $4 million until January or February 2018. The funds would serve as a contingency fund for future unknowns which may have a budgetary impact like:

• Reduction or elimination of Federal Grants
• Revenue caps which will impact the FY 19 Budget
• Unexpected reduction in sales taxes

The FY 18 horizon could be reviewed at that time and the funds could be allocated via a mid-year amendment to address a few of the strategic priorities.

In addition, I would like to suggest that the $1 million be placed in the Budget Stabilization Reserve.
Sophia Williams
 
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Joined: Wed Jun 07, 2017 8:44 am

Re: Budget

Postby Jimmy Flannigan » Tue Aug 08, 2017 8:59 am

I agree with CM Houston
Jimmy Flannigan
Council Member, District 6
Jimmy Flannigan
 
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Joined: Thu Jan 12, 2017 9:44 am


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