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File #: 18-846    Version: 1
Type: Strategic Support Status: Agenda Ready
File created: 5/30/2018 In control: City Manager's Office
On agenda: 6/19/2018 Final action:
Title: Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2018-2019 Budget, and Resolution Establishing the Fiscal Year 2018-2019 Appropriation Limit.
Sponsors: City Council
Attachments: 1. A/B) Memorandum, 2. C) Memorandum, 3. Resolution
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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...Title

Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2018-2019 Budget, and Resolution Establishing the Fiscal Year 2018-2019 Appropriation Limit.

...Recommendations

a.                     Adopt the Annual Appropriation Ordinance, including transfers and loans for Fiscal Year 2018-2019 and the Manager’s Final Budget Addendum.

b.                     Adopt the Annual Funding Sources Resolution for Fiscal Year 2018-2019 and the Manager’s Final Budget Addendum.

c.                     Adopt a resolution taking the following actions with respect to the City’s 2018-2019 “Gann Limit”:

                     1.                     Elect the per capita income index as the inflation factor for 2018-2019 on a provisional basis, with the option to adjust the Limit, if necessary, once the non-residential assessment data is available from the County Assessor;

                     2.                     Elect the County of Santa Clara population growth index as the population factor for 2018-2019; and

                     3.                     Establish the Fiscal Year 2018-2019 Appropriation Limit at $1,152,520,200 in compliance with Article XIIIB of the State Constitution.

CEQA: Not a Project, File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (City Manager)

TO BE HEARD BEFORE CONSENT CALENDAR