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Agenda Item 18.

City Council Meeting

Meeting Date:	06/06/2017
FROM:	City Manager

Subject:

Public Hearing to Consider the Adoption of the City of Brea FY 2017-18 Operating Budget

RECOMMENDATION

Receive public input on the Fiscal Year 2017-18 Proposed Operating Budget as presented in the Fiscal Year 2017-18 Proposed Operating Budget document and adopt the attached Resolution approving the Fiscal Year 2017-18 Operating Budget and appropriating funds for the City of Brea Fiscal Year 2017-18 Operating Program.

BACKGROUND/DISCUSSION

The City Council has reviewed and given direction on all components which are included in the proposed Fiscal Year 2017-18 Operating Budget at the Budget Workshop on May 16, 2017. The Proposed Fiscal Year 2017-18 budget document contains an overview message from the City Manager, summary schedules, the fund balances of each operating fund, a comprehensive review of revenues, and expenditure breakdowns by department.

Budget Recap
The Fiscal Year 2017-18 Proposed Budget adheres to City Council policy. The General Fund budget is balanced, revenues exceed expenditures, and the General Fund reserves exceed the minimum 8 - 10%.

A copy of the Fiscal Year 2017-18 Proposed Budget is available in the City Clerk's office for review or click the link below to review the document online.

Fiscal Year 2017-18 Proposed Budget - Large File

FISCAL IMPACT/SUMMARY

Expenditures for all funds which make up the Fiscal Year 2017-18 Operating Budget total $92,900,059.

RESPECTFULLY SUBMITTED:

Bill Gallardo, City Manager
Prepared by: Faith Madrazo, Revenue & Budget Manager
Concurrence: Cindy Russell, Administrative Services Director

Attachments
Resolution 2017-040 - FY 2017-18 City Operating Budget