TO: Mayor Collins and Town Council Members
FROM: Kevin Burke, Town Manager
Dawn Marie Buckland, Director of Administration & Govt Affairs
DATE: May 11, 2017
DEPARTMENT: Administration and Government Affairs Department
Staff Contact Dawn Marie Buckland, 480.348.3555
End
AGENDA TITLE:
Title
Adoption of Resolution 2017-11 Approving the FY 2018 Tentative Budget
Body
Council Goals or Statutory Requirements:
Long range balanced budget
RECOMMENDATION:
Recommendation
Adopt Resolution Number 2017-11 approving the FY 2018 Tentative Budget setting the maximum appropriation for FY 2018 at $52,400,300
Background
SUMMARY STATEMENT:
The annual budget process is a collaborative, transparent, and comprehensive means of establishing priorities and allocating the resources to efficiently and effectively accomplish them. The tentative budget adoption follows a series of public study sessions, and sets the maximum level of spending authority for the upcoming fiscal year.
In recent weeks, staff presented department operating budget requests, the requested capital improvement program, and the anticipated revenues and expenditures associated with each funding source. The General Fund recommended operating budget of $24 million includes a $5 million accelerated paydown of the police unfunded pension liability. The $4.7 million street budget includes funding for the repaving of Tatum Boulevard.
The recommended budget includes $15.9 million in funding for capital improvements, including street improvements associated with the Ritz Carlton development and completion of the police radio tower. Additionally, staff analyzed many positions funded with temporary labor in recent years to work within the expenditure limitation. After public discussion with Council in recent study sessions, the Town Manager recommends converting four of these to full time equivalent positions in FY 2018.
The Town's enterprise funds include sewer, fire, and alarm services. The Tow...
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