HomeMy WebLinkAboutA001 - Council Action Form dated April 22, 2025ITEM #:26
DATE:04-22-25
DEPT:FIN
SUBJECT:RESOLUTION APPROVING FISCAL YEAR 2024/25 ADJUSTED BUDGET
AND FISCAL YEAR 2025/26 BUDGET
COUNCIL ACTION FORM
BACKGROUND:
On April 8, 2025, during a special meeting, the City Council held a public hearing to gather public input
on the proposed property tax levy of $10.30 for the FY 2025/26 budget. The levy is projected to
generate $37,755,709 in property tax revenue during the next fiscal year. One comment was received
during the hearing.
Later that same evening, at the regular City Council meeting, the Council set a public hearing for April
22, 2025, to consider the final adoption of the FY 2025/26 proposed budget and the amended FY
2024/25 budget. Approval of this resolution represents the final statutory step in the budget adoption
process.
The total amounts reflected in the proposed amended FY 2024/25 and FY 2025/26 budgets remain
consistent with those previously approved by the City Council during the Budget Wrap-Up Session in
February 2025. As is standard practice, staff will prepare a final amendment to the FY 2024/25 budget
for City Council review and consideration in May 2025.
ALTERNATIVES:
1. Adopt a resolution approving:
a. The adjusted FY 2024/25 City Budget
b. The proposed FY 2025/26 City Budget
2. Delay adoption of the Adjusted FY 2024/25 and FY 2025/26 Budget
CITY MANAGER'S RECOMMENDED ACTION:
State law requires that the City hold a public hearing and take action to adopt the Adjusted FY
2024/25 and FY 2025/26 Budgets. In the event the City delays the adoption of the annual budget
and does not meet the required deadline, the City will be limited to the FY 2024/25 budget
amount. The proposed budget documents contain the programs, revenues, and expenditures
directed by the City Council to be included. Therefore, it is recommended that the City Council
approve Alternative No. 1 a & b, as described above.
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