PROPOSED FISCAL YEAR 2025-27 OPERATING BUDGET & CAPITAL IMPROVEMENT PLAN9BBUDGET HEARING #3 FISCAL YEAR 2025-27 PROPOSED BUDGETBudget Review Team Meeting #1 – November 7, 2024City Council provided direction on budget priorities – December 17, 2024Budget Review Team Meeting #2 – April 15, 2025Public Hearing #1 – May 6, 2025Public Hearing #2 – May 20, 2025F I N A N C E D E P A R T M E N T |P R O P O S E D F I S C A L Y E A R 2 0 2 5 - 2 7 O P E R A T I N G B U D G E T Actions Taken to Date:2
PUBLIC HEARING PROMOTIONAL EFFORTSPromoted on hero banner, newsletter, digital signs, and boosted on social media (Facebook, X, and Instagram). Total of 66,997 views across all platforms to date104 clicks on Proposed Budget Document to date 88% of the interactions are positive, 0% are negative (source: Zencity; Facebook May 28, 2025 post)F I N A N C E D E P A R T M E N T |P R O P O S E D F I S C A L Y E A R 2 0 2 5 - 2 7 O P E R A T I N G B U D G E T 3 GENERAL FUND OPERATING FUND YEAR-END SURPLUS 4
Ensure IT/Fleet Replacement Fund maintains amortized balance for future replacements;AND,Ensure Self-Insurance Fund Balance improves and is not further degraded; AND,Balance to Unassigned Fund Balance for Capital Improvement Plan To the extent an operating surplus exists; approve prioritization in the following order until nothing remains:123F I N A N C E D E P A R T M E N T |P R O P O S E D F I S C A L Y E A R 2 0 2 5 - 2 7 O P E R A T I N G B U D G E T
STAFF RECOMMENDATION
F I N A N C E D E P A R T M E N T |P R O P O S E D F I S C A L Y E A R 2 0 2 5 - 2 7 O P E R A T I N G B U D G E T
1.Approve priority framework of year-end surplus2.Approve deposit of $56,021,935 million into the City’s Economic Anomaly Reserve a.Setting balance to $68,906,208b.Equivalent to a 22% reserve ratio3.Adopt Appropriations Resolutions (2)a.Operating Budgetb.Capital Budget 4.Adopt annual appropriations limit(GANN) Resolution 5City Council to take the following actions:
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