TO: Mayor and Commissioners
FROM: Laura Thezine, Acting Finance Director
THROUGH: Chief Neal de Jesus, Interim City Manager
DATE: September 26, 2017
Title
RESOLUTION NO. 62-17 BUDGET ADOPTION FOR FY 2018
Body
Recommended Action:
Recommendation
Recommend approval of Resolution No. 62-17 Final Budget Adoption for FY 2018.
Body
Background:
Resolution No. 62-17 provides for appropriations of sums of money for all necessary expenditures of the City for the period from the 1st of October 2017 to the 30th of September 2018.
The FY 2018 budget appropriations are set forth in Exhibit A of the attached Resolution No. 62-17. The budget utilizes an operating millage of 6.8611 and a debt service millage of 0.2289.
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:
NA
Timing of Request:
The adopted budget will begin with the new fiscal year on October 1st.