File #: 2016-0140    Name:
Type: Presentation Status: Passed
File created: 4/27/2016 In control: City Council - Regular Session
On agenda: 5/19/2016 Final action: 5/2/2016
Title: Continued Review of City Manager’s proposed FY17 budget
Attachments: 1. FY17 City Manager's Budget Message v3.pdf, 2. FY17 CM Budget Presentation.pdf, 3. FY17 Budget Summaries.pdf, 4. 5 Year v 17 FY17 Request.pdf
Related files: BILL NO. 16-187

Title

Continued Review of City Manager’s proposed FY17 budget

 

 

Body

Issue/Request:

Continued Review of City Manager’s proposed FY17 budget

 

Key Issues:

On April 25, 2016, the City Manager presented the proposed FY17 Budget.  The Committee requested additional time to review and discuss the proposed budget.  Staff will provide a brief overview of the budget and then answer any questions from the Committee.

 

The proposed annual budget for the City of Lee’s Summit in FY17 is $208,419,359.  This is the total budget for all funds.  The total includes the expenditure budgets within the following funds:

 

General Fund - $64,397,020

Special Revenue Funds - $16,876,385

Debt Service Funds - $11,127,863

Capital Project Funds - $45,812,629

Enterprise Funds - $56,046,838

Internal Service Funds - $14,158,623

 

The City Manager will present the key highlights and the expenditures and revenues for these funds.

 

 

Proposed City Council Motion:

I move to direct staff to draft an ordinance adopting the proposed fiscal year 2016-2017 annual budget.

 

 

Background:

The City Council’s Finance and Budget Committee, the City Manager, and members of the management team have developed the proposed annual budget.  Included in this packet is the City Manager’s budget submission letter.

 

Following this meeting, special Finance and Budget Committee meetings have been scheduled for  May 9th  and May 16th to give the Committee time to review the budget.  The budget is tentatively scheduled to be presented to the City Council as part of a public hearing on May 19th.  Following the public hearing, the proposed budget, and any changes, are scheduled to be approved, by ordinance, during the June 2nd City Council meeting.

 

 

 

Presenter

Presenter: Stephen Arbo

 

Recommendation

Recommendation: Staff recommends approval to draft an ordinance adopting the proposed fiscal year 2016-2017 annual budget.