TO: Mayor and Commissioners
FROM: Jack Warner, Finance
THROUGH: Donald B. Cooper, City Manager
DATE: September 20, 2016
Title
RESOLUTION NO 46-16 BUDGET ADOPTION FOR FY 2017
Body
Recommended Action:
Recommendation
Recommend approval of Resolution No. 46-16 Final Budget Adoption for FY 2017.
Body
Background:
Resolution No. 46-16 provides for appropriations of sums of money for all necessary expenditures of the City for the period from the 1st of October 2016 to the 30th of September 2017.
The FY 2017 budget appropriations are set forth in Exhibit A of the attached Resolution No. 46-16. The budget utilizes an operating millage of 6.9611 and a debt service millage of 0.2496.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to the adoption of the budget.
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance recommends approval.
Funding Source:
N/A
Timing of Request:
The adopted budget will begin with the new fiscal year on October 1st.