AGENDA TITLE:
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Receive Presentation Regarding Fiscal Year 2024/25 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds (FIN)
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MEETING DATE:
May 21, 2024
PREPARED BY:
Melissa Munoz, Accounting Manager
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RECOMMENDED ACTION:
Receive presentation regarding Fiscal Year 2024/25 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds.
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BACKGROUND INFORMATION:
Staff has planned a series of presentations to provide the City Council and public an opportunity to review and comment on basic assumptions within the Fiscal Year 2024/25 budget to be proposed to Council next month. The draft budget will be released and made available for public review online once the draft is finalized. This session is designed to provide information on the following: 1) Enterprise funds consisting of Electric Utility, Water Utility, Wastewater Utility and Transit Funds, and 2) Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds.
The first opportunity for the City Council to adopt the Fiscal Year 2024/25 budget will be at its regular meeting on June 5, 2024.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
There is no impact from this informational presentation.
FUNDING AVAILABLE:
The draft budgets for the enterprise, special revenue, capital outlay and vehicle/equipment replacement funds for Fiscal Year 2024/25 are as follows:
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Melissa Munoz
Accounting Manager
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Andrew C. Keys
Interim City Manager