CITY COUNCIL AGENDA ITEM NO. 23
Meeting Date: June 12, 2001
Subject/Title: Approve a resolution adopting the 2001/02-2002/03 Final Budget for the City of Brentwood
Submitted by: Pamela Ehler, Director of Finance and Information Systems
Approved by: Jon Elam, City Manager
Approve a resolution adopting the 2001/02-2002/03 Final Budget for the City of Brentwood
The Preliminary budget was presented at the May 23, 2001, workshop for City Council comments and review.
As a result of the City Council budget workshop held on May 23, 2001 the following changes have been incorporated into the 2000/03 Final Budget:
∑ As requested by Council, $25,000 was added to the 2001/02 Budget for Fire Department/EMT making the total contribution to be $150,000.
∑ The General Fundís Fund Balance, projected for June 2002, decreased from $3,829,552 to $3,804,552, for a reserve of 28.8% of the total annual appropriations.
EQUIPMENT REPLACEMENT FUND
∑ A reanalysis of the Solid Waste Trucks replacement program provided a need to increase the Equipment Replacement Fund capital expenditures by $125,000 for 2001/02 and $300,000 for 2002/03. The Fund Balance in the Equipment Replacement Fund is projected to be $2,012,573 for June 2003.
∑ Organization charts were updated per Council direction.
No changes were made to any of the other funds.
This Budget underscores the City Councilís commitment to continue to make cost containment a high priority. In accordance with the Budget Development Guidelines, the Operating Budget is free from reliance upon non-recurring revenue sources and does not commit to spending more than a conservatively prepared estimate of recurring revenues.
The Operating Budget will continue to be reviewed quarterly, or sooner if necessary, to allow the City Council to respond to changes in the economy or development community in a timely manner.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRENTWOOD ADOPTING THE 2001/02-2002/03 FINAL BUDGET FOR THE CITY OF BRENTWOOD
WHEREAS, the City Council of the City of Brentwood has reviewed the financial condition of the City of Brentwood; and
WHEREAS, the City departments have submitted requests for appropriations to fund the departmental programs to provide services for the City of Brentwood; and
WHEREAS, the City Council has reviewed these specific departmental requests and held workshops to discuss City priorities for the expenditure of City funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Brentwood hereby adopts the 2001/02-2002/03 Final Budget for the City of Brentwood as presented by the City Manager.
PASSED by the City Council of the City of Brentwood at its regular meeting on June 12, 2001 by the following vote:
Michael A. McPoland, Sr.
Karen Diaz, CMC