ITEM TITLE:
Public Hearing: 2019 Proposed City Budget
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Conduct Public Hearing pursuant to City Code 3.08.050 and City Charter Section 6.3
SUMMARY STATEMENT:
• The Proposed 2019 City Budget reflects Council consensus on requested appropriations as presented during the series of budget workshops during October/November, with the exception of the following revisions:
o Port Fund personnel expenses are increased by $7,700 to reflect COLA adjustments that Finance staff had not fully calculated. This increase impacts the General Fund transfer to Port Fund by the same amount, which represents the “subsidy” for Port operations.
o To balance this $7,700 revision, the General Fund transfer to Reserve Fund is reduced, and the appropriation to Leave Liability Reserve is reduced, each by $7,700.
o 1.5% Permanent Fund Appropriation is increased by $35,000 to $3,081,000 to reflect the audited 2017 ending fund value. This impacts the General Fund/Permanent Fund transfers, and increases the related Reserve Fund appropriation.
• The agenda item includes summary and detail ledgers for all fund and department appropriations, and transfer appropriations.
PDF Attachments: 2019 Budget - Public Hearing Ledgers